Whirlpool India Q2 Profit Falls 22% On Lower Sales
Whirlpool India’s Q2 profit drops 22% to ₹42 crore as E-waste costs and softer sales hit margins; revenue down 3.8% to ₹1,647 crore.
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Tata Consumer Products Q4 Profit Drops 26.6%, Revenue Up 10%
- by BW Retail World Bureau
- April 24, 2024
Tata Consumer Products Ltd (TCPL) reported a decline of 26.6 per cent in Group consolidated net profit at Rs 212.26 crore in the fourth quarter ended March 2024, compared to Rs 289.56 crore in the same period last fiscal, according to a BSE filing. However, the company’s total income increased to Rs 3,965.39 crore in […]
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Sapphire Foods Profit Falls 69% On Inflation, Competition; Same-Store Sales Decline
- by BW Retail World Bureau
- February 10, 2024
Sapphire Foods India, the operator of KFC and Pizza Hut restaurants, revealed its largest quarterly earnings drop since going public in 2021, hampered by local competition and inflation-weary consumers cutting back on fast food spending. The Yum Brands franchisee’s overall net profit plummeted roughly 69 per cent to 101.4 million rupees (USD 1.22 million) in the […]
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Britannia Industries Q3 Profit Drops 40.4%, Revenue Up 1.41%
- by BW Retail World Bureau
- February 7, 2024
Britannia Industries reported a 40.40 per cent drop in consolidated net profit to Rs 555.66 crore in the third quarter ended December 2023, compared to Rs 932.40 crore in the same period a year ago, according to a BSE filing. However, its revenue from operations increased 1.41 per cent at Rs 4,256.33 crore in Q3 FY24 […]
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Inflation Woes Hit Rural Demand, Bajaj Electricals Q3 Profit Slides By 40%
- by BW Retail World Bureau
- February 6, 2024
India’s Bajaj Electricals reported its third straight quarterly profit decline on Monday, as rising inflation impacted seasonal spending and rural demand remained weak. Consolidated net profit fell nearly 40 per cent to 373.6 million rupees ($4.5 million) in the three months ending 31 December, after falling 56 per cent and 14 per cent in the previous two quarters. In India, […]
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Goodyear India’s Profit Slips As Farm Demand Tanks
- by BW Retail World Bureau
- February 3, 2024
Tyremaker Goodyear India reported its first quarterly profit drop in five quarters on Friday, hurt by subdued demand in its farm segment. The Indian unit of US-based Goodyear Tyre said its standalone profit fell 10.5 per cent to Rs 21.86 crore in the third quarter. Revenue from operations fell 14.2 per cent to Rs 591 […]
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Bata India Q3 Net Profit Dips 30.3%, Revenue Growth Flat
- by BW Retail World Bureau
- February 2, 2024
Bata India on Thursday reported a 30.3 per cent decline in its consolidated net profit at Rs 57.9 crore for the December quarter of FY24 compared to Rs 83.1 crore a year back. The company’s revenue stood at Rs 903.4 crore, increasing 0.35 per cent from Rs 900.2 crore in the year-ago quarter, Bata India said […]
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Westlife Foodworld Misses Estimates, Q3 Profit Falls On Weak Demand
- by BW Retail World Bureau
- February 2, 2024
Westlife Foodworld, the operator of McDonald’s restaurants in west and south India, failed quarterly profit projections on Wednesday, citing sluggish demand. Consolidated profit after tax fell nearly 53 per cent to 172.4 million rupees (USD 2.08 million) in the three months ended 31 December, according to an exchange filing. Analysts, on average, had expected profit […]
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Jubilant FoodWorks Q3 Profit Dips But Revenue & Expansion Rise
- by BW Retail World Bureau
- February 1, 2024
Jubilant Foodworks, the operator of the fast-food chains Domino’s Pizza and Dunkin’, on Wednesday, reported a decline of 18.2 per cent in consolidated net profit to Rs 65.70 crore in the third quarter (Q2) ended December 2023 as against the net profit of Rs 80.36 crore in the same period of the previous fiscal, according […]
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Tech Mahindra Profit Tumbles 61% In Q3, Revenue Stagnant
- by BW Retail World Bureau
- January 25, 2024
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 […]