L’Oreal’s fourth-quarter sales increased 6.9 per cent, slower than the previous quarter, as its travel retail division continued to suffer from changes in daigou reseller laws. The Paris-based firm, which owns brands ranging from Lancome to Maybelline, reported sales of 10.6 billion euros (USD 11.4 billion), slightly lower than average predictions of 10.9 billion euros […]
Trent, a part of the Tata Group, on Wednesday reported a 139.4 per cent surge in consolidated net profit at Rs 370.64 crore in the third quarter (Q2) ended December 2023 against the consolidated net profit of Rs 154.81 crore in the same quarter last fiscal, it said in a regulatory filing. The company’s total […]
Tata Motors has reported a consolidated net profit that surged 2.4 times year-on-year (YoY) in its Q3 FY24 results, reaching Rs 7,025 crore. This figure exceeded the Rs 4,654 crore estimated by analysts. The company’s consolidated revenue from operations also saw 25 per cent YoY increase, totaling Rs 1.11 lakh crore. Sequentially, the bottom line […]
The rating agency Icra expects the margin for tea estates based out of North India (NI) to be significantly impacted in FY2024 due to the double whammy of increase in the cost of production, following the wage rate hikes in West Bengal and Assam and the drop in realisation due to the low export demand […]
As per a recent note on the Indian jewellery retail industry, Icra has revised upwards its forecast of the year-on-year (YoY) domestic jewellery consumption growth (in value terms) for FY2024 to ten to 12 per cent from eight to ten per cent estimated earlier, primarily driven by the rise in gold prices. Jewellery consumption is […]
Automotive components makers in India is set to register 10-12 per cent growth in revenue during the financial year 2023-24, said Crisil Ratings on Thursday. It attributed the growth to continued domestic growth — buoyed by robust demand from automobile manufacturers and aftersales demand from services. “This is despite exports continuing to remain sluggish,” Crisil […]
