Marico Q2 Profit Slips Slightly As Costs Rise
Marico reports a slight Q2 profit decline amid margin pressure, even as revenue jumps 31 per cent and domestic sales record strong growth.
Marico reports a slight Q2 profit decline amid margin pressure, even as revenue jumps 31 per cent and domestic sales record strong growth.
Trent reports 11.3 per cent rise in Q2 profit and 15.9 per cent revenue growth, with over 1,000 stores and steady performance across formats.
ITC Q2 profit rises 4% to Rs 5,180 crore on higher cigarette and FMCG sales; revenue up 7% YoY as margins expand.
Quarterly revenue rises 3.66 per cent, with strong market share gains in refrigerators and washers Consumer durables maker Whirlpool reported a 3.66 per cent increase in revenue from operations, reaching Rs 1,734 crore for the quarter under review, compared to Rs 1,672.65 crore in the same period last year. The company’s profit growth was attributed […]
Yum Restaurants India is expected to exit quick service restaurant giant Devyani International by selling a 4.4 per cent interest in a block sale on Wednesday, according to media reports. Yum Restaurants expects to raise around Rs 815 crore from the deal, it said. The floor price for the sale has been set at Rs […]
Apparel brand Under Armour on Thursday raised its annual profit and margin predictions, anticipating that lower input and freight costs would help overcome poor demand in North America, sending its shares up 6 per cent. The firm is relying on decreased manufacturing costs to boost profits at a time when demand for its garments and footwear has […]
Earnings for the Indian poultry companies improved in H1 FY2024 but commodity inflation could disrupt the momentum in H2, the rating agency Icra has said. The rating agency has maintained its revenue growth expectations at eight to ten per cent for the domestic poultry industry in FY2024. “This will be driven by significant volume expansion […]
Dell Technologies reported third-quarter revenue below estimates on Thursday, attributing it to a slower-than-expected recovery in the hardware and software market. The company’s shares declined by 4 per cent after the announcement. The overall market witnessed a demand slowdown following the surge in electronic device sales during Covid lockdowns, driven by increased work-from-home measures. In […]
Smartphone maker Xiaomi Corp posted a forecast-beating jump in third-quarter net income on Monday, while revenue also topped estimates as flat device shipments outperformed the wider market. The company’s sales for the period totalled 70.9 billion yuan, beating an average estimate of 70.2 billion yuan from 13 analysts polled by LSEG. Net income jumped by […]
Amazon posted its third quarter revenue rose beating street estimates. The tech giant revenue increased by 13 per cent to USD 143.1 billion, which is USD 2 billion higher than analyst expectations of USD 141 billion, Reuters reported Amazon’s net income rose to USD 9.9 billion in the third quarter from USD 2.87 billion in […]