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 […]
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 […]
The food delivery app Zomato on Friday reported a net profit of Rs 36 crore for the quarter gone by, compared to the loss of Rs 251 crore the previous year in the same quarter. The company’s consolidated revenue from operations for the quarter ended also increased to Rs 2,848 crore, compared to Rs 1,661 […]
Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola in India, witnessed a significant upturn in its financial performance for the fiscal year 2023. Data accessed from the business intelligence platform Tofler revealed that HCCB’s net profit more than doubled, soaring to Rs 809.32 crore for FY23. This impressive result followed a 41.51 per cent […]
The price of onions in the national capital on Saturday witnessed a huge increase to almost double the previous price affecting household budgets. Onion traders are putting the blame for the sudden spike in onion prices on a shortage in supply. According to the onion traders, the onions were priced at Rs 25-30 per kg […]
Ice cream is a sweet treat that we all enjoy especially during the summers, as even a single scoop feels like a bowl of heaven to beat the heatwaves. Most of the ice cream brands have reported good sales because of the high demand during summer. However, as winter approaches with the advent of the […]
The Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce and Industry, has accomplished a remarkable feat by boosting Indian mango exports to the USA by 19 per cent in the fiscal year 2023-24. Efforts of the Indian agricultural sector, in collaboration with the Ministry of Agriculture and Farmers Welfare […]
The festive season is all about fun, food and happiness. Not just households, food business entities also come up with new food menus to increase their revenue and customer demand. Sometimes the hotels and restaurants also bring dedicated menus like for the nine days of Navaratri. The festive season is a joyful days when people […]
The Goods and Services Tax (GST) Council last week said that it has decided not to impose a tax on Extra Neutral Alcohol (ENA) at the national level, however, it’s now up to the states whether to tax ENA or not. ENA is an important ingredient used in making alcoholic drinks for human consumption. The […]
PepsiCo Inc (PEP.O) said on Tuesday its intention to implement “modest” price increases next year, despite several prior hikes. The snacks and beverages giant, home to brands like Mirinda and Gatorade, raised its 2023 profit forecast for the third consecutive time as demand remained resilient. PepsiCo’s move amidst growing concerns that frequent price hikes could […]
