The Indian economy is expected to retain its growth momentum in 2024 while the moderated growth and slow revival of the rural economy in private consumption highlighted the need for bringing down inflation to its target of 4 per cent to make the growth an inclusive one, the Reserve Bank of India (RBI) said in […]
UltraTech Cement reported a substantial 71 per cent surge in standalone profit for the third quarter of the fiscal year 2023. The profit rose to Rs 1,696.5 crore, a significant increase from Rs 994.2 crore in the corresponding quarter of the previous year (Q3FY23). Following the announcement of Q3 earnings, the stock of the Mumbai-based […]
Hindustan Unilever (HUL) has revealed its financial performance for the third quarter of the fiscal year 2023-24, reporting a profit of Rs 2,509 crore. This reflects a modest increase of 1.4 per cent compared to the corresponding quarter in the previous year, where the profit amounted to Rs 2,474 crore. Despite a marginal drop of […]
Metro Brands which sells shoes from brands including Fila, Crocs and Mochi, reported its fourth straight drop in quarterly profit on Thursday, hurt by high inventory costs amid slowing sales growth. The company’s net profit fell 12.6 per cent to Rs 97.81 crore in the October-December quarter, missing analysts’ estimate of Rs 122 crore, as […]
Hindustan Unilever (HUL) is expected to have a stable performance in Q3FY24 results, with market volumes recovering to mid-single digit level compared to their base period figures due to continued market share. The company showed a decent performance in Q2FY24 with topline and volumes improving, although it missed targets due to unseasonal rains and delayed […]
Shoppers Stop on Thursday reported a fall of 41.2 per cent in consolidated net profit at Rs 36.85 crore in the third quarter (Q3) of the current fiscal year 2023-24 as against the net profit of Rs 62.74 crore in the previous fiscal’s same quarter, according to a BSE filing. However, the company’s total sales […]
Speciality Restaurants on Wednesday reported a fall of 7.8 per cent in consolidated net profit at Rs 14.17 crore in the third quarter (Q3) ended 31 December 2023 as against the net profit of Rs 15.38 crore in the same period of the previous financial year, it said in the regulatory filing. However, the company’s […]
Asian Paints on January 17 reported a 34.5 per cent year-on-year rise (YoY) in its consolidated net profit at Rs 1,475.16 crore for the third quarter of the financial year 2023-24 compared to Rs 1,097.06 crore in the year-ago period. The paint maker recorded a 5.4 per YoY increase in consolidated revenue to Rs 9,104 crore in […]
In a significant development, state-run oil companies in India are reportedly considering a reduction in the prices of petrol and diesel next month, following their anticipated record-breaking net profits in the third quarter. Reports indicate that the combined net profits of the three oil marketing companies (OMCs) could surpass a staggering Rs 75,000 crore, prompting […]
The Indian government has imposed a 50 per cent export duty on molasses and extended lower import duties on edible oils for another year. Aimed at bolstering domestic ethanol production and ensuring edible oil affordability. This high export tax will apply to molasses, a crucial component in the production of ethanol. According to a notification […]
