E-commerce player eBay has forecasted that its fourth-quarter revenue and profit would stand below the US financial market’s estimation, according to a media report on Tuesday. The lacklustre prediction is likely due to the weaker-than-expected consumer spending. eBay’s shares were also down by about 6.8 per cent in trading after the bell, the report added. […]
Timex Group India, a watch manufacturer & marketer announced its financial results for the quarter that ended September 2023. The company achieved a revenue growth of 4 per cent over a substantially large base. Additionally, Timex Group India witnessed an impressive 13 per cent EBITDA-to-revenue ratio, underlining sustainable growth. According to the company, the performance […]
Arvind Fashions On Tuesday reported an 18.9 per cent year-on-year (YoY) increase in second-quarter profit, attributing it to robust sales of clothing and footwear and sustained wider margins facilitated by power brands. The company’s consolidated net profit climbed to Rs 216.6 million rupees (USD 2.60 million) for the quarter gone by, compared to Rs 182.2 […]
The shares of Honasa Consumer, which owns the beauty and personal care brand Mamaearth, saw a muted debut on the Indian stock exchanges with just over a 2 per cent premium on Tuesday. Honasa Consumer has listed at Rs 333 per share, against the IPO issue price of Rs 324. At the time of filing […]
Bikaji Foods International, a manufacturer of ethnic snacks, reported a 46 per cent year-on-year (YoY) increase in profit after tax (PAT) to Rs 59.8 crore for the quarter ending 30 September 2023, compared to PAT of Rs 40.9 crore in the same period of the previous fiscal, according to a regulatory filing. The company’s revenue […]
V-Mart Retail on Monday reported a net loss of Rs 64.12 crore for the second quarter ending September 2023, compared to a net loss of Rs 11.31 crore during the same period last year. The revenue from operations for the September quarter was Rs 549.43 crore, up from Rs 506.16 crore in the corresponding quarter […]
Indian liquor maker Radico Khaitan reported a 19.4 per cent rise in second-quarter profit on Monday, driven by strong demand for its premium brands. Consolidated net profit rose to Rs 61.87 crore in the three months to 30 September, from Rs 51.82 crore a year ago. Since last year, the company has increasingly focused on […]
Dalmia Bharat Sugar and Industries on Monday said its September quarter profit rose more than six-fold, aided by strong demand and higher domestic prices. The New Delhi-based company’s profit from continuing operations rose to Rs 54.9 crore for the quarter from Rs 11.71 crore a year earlier. Revenue from operations jumped over 26 per cent […]
FSN E-Commerce Ventures, the company behind the beauty and personal care (BPC) brand Nykaa, experienced a 50 per cent surge in net profit in Q2 FY24, rising from Rs 5.2 crore in Q2 FY23 to Rs 7.8 crore. This growth was primarily driven by the robust demand witnessed in its beauty and personal care (BPC) […]
The company attributed the rise in profit after tax to increased revenue from operations and improved margins. Profit before tax reached Rs 666.92 crore in the September 2023 quarter, marking a substantial 30.47 per cent increase compared to Rs 511.18 crore in the same quarter of the previous year. During Q3 CY23, total sales volumes […]
