Apparel brand Under Armour on Thursday raised its annual profit and margin predictions, anticipating that lower input and freight costs would help overcome poor demand in North America, sending its shares up 6 per cent. The firm is relying on decreased manufacturing costs to boost profits at a time when demand for its garments and footwear has […]
A recent announcement by the Reserve Bank of India (RBI) directing Paytm Payments Bank to halt services by February end, has led local Kirana store owners to start using other payment apps for business. A survey conducted by Kirana Club indicates that 69 per cent of respondents use the Paytm QR code for daily transactions […]
Zomato declared a consolidated net profit of Rs 138 crore for the December quarter. The company reported a combined net loss of Rs 347 crore in the same quarter last year, according to a regulatory filing. Consolidated income from operations in the third quarter of the current fiscal year was Rs 3,288 crore, up from Rs […]
Patanjali Foods on Thursday reported a 19.3 per cent year-on-year (YoY) drop in net profit for the quarter ended December to Rs 217 crore. Revenue from operations fell 0.2 per cent to Rs 7,911 crore. Sequentially, the topline rose just 1.1 per cent, while the bottomline dropped by nearly 15 per cent. The primary food […]
Zomato-owned quick-commerce platform Blinkit on Thursday said its ad revenue climbed more than threefold during the December quarter, compared to the same period a year ago. While the company did not share specific advertising income figures, it did state that growth was stronger than the year-on-year increase in gross order value (GOV). Blinkit’s GOV for […]
Tata Group is reportedly planning to enter the online meal-ordering business. According to media reports, the company’s’super app’, Tata Neu, intends to launch its food delivery service through the government’s Open Network for Digital Commerce (ONDC). The Tata Neu app already includes a food category page. When users click it, the app exclusively displays menus from […]
Parag Milk Foods (PMFL), a manufacturer and marketer of dairy-based branded products in India has reported a rise of 268.8 per cent year-on-year (YoY) in consolidated profit after tax (PAT) at Rs 34.16 crore in the third quarter ended December 2023, as against the consolidated PAT of Rs 9.26 crore in the same period of […]
Trent, a part of the Tata Group, on Wednesday reported a 139.4 per cent surge in consolidated net profit at Rs 370.64 crore in the third quarter (Q2) ended December 2023 against the consolidated net profit of Rs 154.81 crore in the same quarter last fiscal, it said in a regulatory filing. The company’s total […]
Indian textiles firm Trident reported a nearly 25 per cent drop in its third-quarter profit, hurt by a rise in expenses, even as consumers bought more home linen during the festive season. Trident, which counts cotton as its principal raw material, reported a 16 per cent increase in overall expenses for the quarter that ended 31 December with raw […]
Nestle India, on Wednesday, reported a rise of 4.38 per cent in net profit at Rs 655.61 crore in the fourth quarter ended December 2023 as against the net profit of Rs 628.06 crore in the same period of the previous fiscal, the company said in a BSE filing. Its total revenue from operations also […]
