Revenue up 6.5 per cent; Ebitda margin improves to 9.9 per cent in Q2 FY26 as private-label sales rise MedPlus Health Services reported a sharp rise in quarterly earnings on Friday, driven by new store openings and growing demand for its private-label products. The organised pharmacy chain posted a consolidated net profit of Rs 55.50 […]
Inaugurating the ‘Gram Parikrama Yatra’ from Shuktirth Bangar on Monday, Uttar Pradesh Chief Minister Yogi Adityanath engaged with beneficiaries of various government schemes, highlighting that over 99 per cent of last year’s sugarcane price has been paid. “Out of the 119 sugar mills operational in the state, 105 are settling payments to sugarcane farmers within […]
Tech Mahindra reported a 61 per cent decline in its third quarter profit for the financial year 2023-2024 on Wednesday. The company said its profit stood at Rs 510.40 crore against Rs 1,297 crore during the corresponding period in 2022. The tech giant’s revenue stood at Rs 13,101 crore, up by 1.8 per cent on […]
Dabur said in a third-quarter report on Thursday that it anticipates consolidated sales to climb in the mid to high single digits, a small improvement over the July-September period. The company which is the producer of Real juice, Homemade sauces, and Chyawanprash stated in a stock exchange filing that its foods and beverages business, which […]
A report on Tuesday unveiled the immense potential of India’s ConsumerTech industry which is expected to surge in the total addressable market, reaching approximately USD 300 billion by 2027, with a compound annual growth rate (CAGR) of around 25 per cent. The driving forces behind this explosive growth are attributed to digital public infrastructure and […]
Procter & Gamble Hygiene and Health Care reported a surge of 36.44 per cent in its net profit at Rs 210.69 crore for the first quarter ending in September, compared to the same quarter last year. The company, which follows the July-June financial year, had reported a profit after tax of Rs 154.41 crore in […]
D2C Ayurveda brand Kapiva, has appointed Dr. R Govindarajan as its chief innovation officer (CIO) to improve health outcomes with enhanced product quality and expand its range of Ayurvedic offerings, the company announced in a media release on Thursday. With over 23 years of experience in research and development, he has a portfolio of 10 patents and 75 research papers published in […]
The Competition Commission of India (CCI) has given its approval for the acquisition of a 1.74 per cent ownership stake in Lenskart Solutions by Kedaara Capital Fund III LLP. Lenskart Solutions specialises in eyewear products, while Kedaara Capital Fund is a registered Alternative Investment Fund (AIF) under SEBI and is part of the Kedaara Group. […]
External Affairs Minister S Jaishankar on Thursday, highlighted four key pillars of cooperation between India and Latin America and the Caribbean (LAC region) and said that the two economies can target USD 100 billion in trade by 2027. Jaishankar also highlighted four key pillars of enhanced engagement namely; supply chain diversification; resource partnerships; sharing of […]
Procter & Gamble India will invest Rs 2000 crore to set up a new state-of-the-art personal healthcare manufacturing facility in Gujarat. The facility builds on top of P&G India’s existing manufacturing footprint of eight plants across the country and expands the existing presence in Gujarat. The new facility is situated across a 50,000 sqm area […]
