The Monetary Policy Committee of the Reserve Bank of India (RBI) in its February review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the sixth straight time. The repo rate is the rate of interest at which RBI lends to other banks. Deliberating the […]
Berger Paints on Tuesday reported a 49 per cent year-on-year (YoY) rose in its consolidated net profit to Rs 300.16 crore for the third quarter of the current financial year. Revenue from operations also climbed by 7 per cent to Rs 2,881.83 crore during the October-December period, the company said in a regulatory filing. Earnings […]
Liquor maker Radico Khaitan on Tuesday reported a 22.75 per cent increase in consolidated net profit at Rs 75.15 crore for the third quarter ended December 2023. Radico Khaitan reported a consolidated net profit of Rs 61.22 crore in the October-December quarter last year, according to a BSE filing. Its operating revenue increased 34.1 percent to […]
V-Mart Retail on Monday reported a 41.36 per cent increase in net profit to Rs 28.23 crore for the third quarter that ended December 2023, helped by the festive season. It had reported a net profit of Rs 19.97 crore in the October-December period a year ago, according to a regulatory filing. Its revenue from […]
Britannia Industries reported a 40.40 per cent drop in consolidated net profit to Rs 555.66 crore in the third quarter ended December 2023, compared to Rs 932.40 crore in the same period a year ago, according to a BSE filing. However, its revenue from operations increased 1.41 per cent at Rs 4,256.33 crore in Q3 FY24 […]
Paint maker Akzo Nobel India on Tuesday reported a 16.84 per cent year-on-year (YoY) increase in its consolidated net profit to Rs 113.80 crore for the third quarter, this fiscal, from Rs 97.40 crore for the same period last fiscal. The company’s revenue rose 4.65 per cent y-o-y at Rs 1,032.70 crore for the third […]
The operator of omnichannel beauty and fashion retailer Nykaa, FSN E-commerce Ventures reported a consolidated net profit of Rs 16.2 crore for the quarter ended December on Tuesday, which grew 97 per cent year-on-year (YoY) from Rs 8.2 crore in the same quarter last year. Revenue from operations climbed 22 per cent YoY to Rs […]
Union Finance Minister Nirmala Sitharaman on Tuesday said prices of perishable items have come down and are well within the tolerance band. To a query raised by AIADMK’s M Thambi Durai on the rise in retail inflation, during the Question Hour in Rajya Sabha today, she detailed the interventions made by her government to keep […]
Kansai Nerolac Paints on Monday reported a 39.57 per cent increase in consolidated net profit to Rs 152.09 crore for the December quarter, helped by an improvement in margins. The company had posted a net profit of Rs 108.97 crore in the October-December period a year ago, Kansai Nerolac said in a regulatory filing. Its revenue […]
India’s Bajaj Electricals reported its third straight quarterly profit decline on Monday, as rising inflation impacted seasonal spending and rural demand remained weak. Consolidated net profit fell nearly 40 per cent to 373.6 million rupees ($4.5 million) in the three months ending 31 December, after falling 56 per cent and 14 per cent in the previous two quarters. In India, […]
