Aditya Birla Fashion and Retail (ABFRL) reported a 94 per cent drop in consolidated net profit of Rs 11.21 crore for the third quarter ended December 2022, compared to a net profit of Rs 196.80 crore in the previous fiscal’s October-December quarter, as per company’s regulatory filing.. However, its income from operations climbed by 20.1 […]
Ambuja Cements reports a 46 per cent increase in its standalone profit to Rs 368.99 crore in the quarter ending 31 December 2022 as compared to Rs 252.81 crore in Q3FY22. The company’s income from operations increased 10 per cent year on year to Rs 4,128.5 crore from Rs 3,739.9 crore. EBITDA (Earnings Before Interest, […]
Gifting as an industry is getting more personalised. The discerning audience is seeking more and more products which have an emotion attached to it, said Vikaas Gutgutia, MD Founder FNP (Ferns N Petals) “Instead of sending a simple bouquet or a cake and a card, consumers want to go that extra mile so that the […]
Cantabil Retail India on Tuesday posted a 12.79 per cent in profit after tax (PAT) to Rs 26.95 crore for the quarter ended December 2022, against Rs 23.71 crore in the year-ago period. According to a statement shared with exchanges, revenue went up 23.82 per cent to Rs 163.10 crore, against Rs 131.72 crore in […]
“The Budget 2023 is hopeful for the whole Indian economy, as well as for consumers’ pockets,” said Varun Moolchandani, Executive Director-Archies. Despite the rising tax on soft toys, the Chinese toys industry, Archies, is optimistic about the future year. Moolchandani said that the government’s action is to boost the “Made in India” movement. “We delivered […]
Kansai Nerolac Paints (KNPL), one of the leading Paint companies in India, today at the Board meeting announced its unaudited results for the third quarter of financial year 2022-23. For the quarter, the company earned Net revenue from operations of Rs. 1717.1 crore, a growth of 1.4 per cent over the corresponding quarter of the […]
Devendra Chawla, former Chief Executive Officer and Managing Director of Spencer’s Retail has joined Eversource Capital-promoted shared electric mobility player GreenCell Mobility as its new CEO. He will report to the company’s board. Chawla had joined the RP Sanjiv Goenka Group in 2019 for a three-year term; he recently stepped down from his role. Prior […]
As part of the Union Budget, Finance Minister Nirmala Sitharaman announced several initiatives for the lab grown diamond industry. R&D grants will be provided to one of the IITs to encourage indigenous production of lab grown diamonds and reduce import dependency. Further, the government has also reduced the customs duty on lab grown diamond seeds […]
Dabur India’s consolidated net profit fell 5.4 per cent year on year (YoY) to Rs 476 crore in the September-December period. This compares to a net profit of Rs 504.35 crore declared a year earlier, according to the company’s regulatory filing. The company’s sales increased significantly by 3.4 per cent to Rs 3,043.2 crore, the […]
Tata Consumer Products on Thursday posted a 28 per cent jump in its profit after tax to Rs 369 crore for the quarter ended 31 December 2022, against Rs 288 crore in the year-ago period. The company posted a surge of 8 per cent in its revenue from operations to Rs 3,475 crore, against Rs […]
