Despite a steep surge in gold prices in the second half of the quarter, jewellery giant Kalyan Jewellers’ consolidated revenue increased by roughly 34 per cent in Q4 FY2024, the company stated in a quarterly statement on BSE. The jewellery retailer’s consolidated revenue increased by 31 per cent in FY2024 compared to the previous year. […]
United Spirits has announced the acquisition of a 15 per cent stake in Inspired Hospitality, the parent company of alcohol beverage brand, Pistola, for Rs 5.65 crore, as stated in a BSE filing on Thursday. “The Company will subscribe to 3,494 (three thousand four hundred ninety-four) Compulsory Convertible Preference Shares (CCPS) and 10 (ten) equity […]
In the March quarter, Dabur reported that demand trends “remained sluggish,” but noted a pickup in rural growth. The company anticipates an uptick in consumption in the upcoming months, buoyed by a promising rabi crop harvest and predictions of a normal monsoon. The surge in rural growth is attributed to “price rollbacks” in staple food, […]
D-Mart, operated by Avenue Supermarts, recorded a nearly 20 per cent increase in standalone revenue from operations to Rs 12,393.46 crore for the fourth quarter of FY2024, compared to Rs 10,337.12 crore in the same period of FY23. As of 31 March 2024, D-Mart had a total of 365 stores. However, the company noted that […]
Pansari Group, a prominent player in the FMCG industry, has reported an outstanding performance for the fiscal year 2023-24, marking a 20 per cent surge in value and 39 per cent increase in volume. This growth sets the stage for further expansion and solidifies the brand’s position as a market leader. Highlighting their strategic focus […]
India’s car manufacturer Maruti Suzuki India Limited has touched a significant milestone by achieving a cumulative production of over three crore car units in India. The achievement has made it the fastest among all Suzuki production bases to reach this feat in just 40 years and 4 months since the start of production in December […]
The latest report from Worldline has unveiled divergences in the trajectories of digital transactions in India. While UPI transactions have surged by 56 per cent year-on-year (YoY) in H2 2023, card transactions saw a modest growth of 6 per cent. Startling revelations have emerged regarding the digital payments landscape in India for the latter half […]
United Spirits on Tuesday stated that it has been served with a tax demand amounting to Rs 5.51 crore, inclusive of interest, due to the non-submission of specific statutory declaration forms and delivery proofs. The Deputy Commissioner of State Tax, Nanded, imposed this demand concerning the non-submission of said forms and proofs about Pioneer Distilleries, […]
Patel Retail, a supermarket chain, has initiated the process of raising capital through an initial public offering (IPO) by filing preliminary papers with the capital markets regulator, Sebi. The IPO comprises a combination of a fresh issue of 90.18 lakh shares and an offer for sale (OFS) of up to 10.02 lakh shares of promoters, […]
The collection of Goods and Services Tax (GST) in March 2024 increased by 11.5 per cent on an annual basis, amounting to Rs 1.78 lakh crore, which is the second highest since its implementation in July 2017. This increase can be attributed to a significant rise in GST collection from domestic transactions, which increased by […]
