Motisons Jewellers will open its initial public offering (IPO) for subscription from 18 December to 20 December, with the allocation to anchor investors scheduled for December 15. The Jaipur-based retail jeweler, which filed its Draft Red Herring Prospectus (DRHP) in March and obtained regulatory approval in September, raised Rs 33 crore in a pre-IPO funding […]
British luxury fashion house Burberry reported an 18 percent decline in net profit to USD 196 million for the first half ending September, citing weakened global demand for high-end clothing, particularly in China’s slowing economy. In an official statement, Burberry acknowledged the impact of the global luxury demand slowdown on current trading and expressed concerns […]
Oyo has unveiled plans to prepay a substantial portion of its debt totaling Rs 1,620 crore through a buyback process. The company, on the brink of an IPO, is set to repurchase 30 per cent of its outstanding Term Loan B (TLB), the company revealed to Bloomberg. The debt repayment, slated for June 2026, follows […]
Kalyan Jewellers India reported a 27.1 per cent rise in its second-quarter profit on Tuesday, helped by rising domestic demand for its ready-to-wear jewellery line and increased traffic at stores ahead of the festive season. Consolidated net profit rose to Rs 135 crore from Rs 106 crore a year ago for the three months ended […]
The shares of Honasa Consumer, which owns the beauty and personal care brand Mamaearth, saw a muted debut on the Indian stock exchanges with just over a 2 per cent premium on Tuesday. Honasa Consumer has listed at Rs 333 per share, against the IPO issue price of Rs 324. At the time of filing […]
The food delivery app Zomato on Friday reported a net profit of Rs 36 crore for the quarter gone by, compared to the loss of Rs 251 crore the previous year in the same quarter. The company’s consolidated revenue from operations for the quarter ended also increased to Rs 2,848 crore, compared to Rs 1,661 […]
Bakery food company Britannia Industries reported a 19.55 per cent year-on-year (YoY) increase in consolidated net profit at Rs 586.50 crore in the second quarter ending September 2023, primarily attributed to a decline in commodity prices. The company posted a net profit of Rs 490.58 crore, according to the company’s regulatory filing. While net sales […]
PVR Inox, India’s largest multiplex operator, swung to a quarterly profit on Thursday as the smashing success of Hollywood titles “Barbie” and “Oppenheimer”, and hit Bollywood films lured more customers. The theatre chain, reporting results for the third time since the merger of PVR and Inox, reported a profit of Rs 166 crore for the […]
Nike, the world’s leading sportswear manufacturer, has exceeded Wall Street expectations for its first-quarter profit, primarily driven by higher pricing for its sneakers and apparel. The company reported a profit of USD 1.45 billion, equivalent to 94 cents per share, surpassing analysts’ estimates of 75 cents per share. However, its total revenue for the quarter, […]
Uniqlo, the largest clothing brand in Asia, has reported a 69 per cent increase in sales, with its Indian unit nearly tripling its net profit for the fiscal year ending in March 2023. According to their latest filing with the Registrar of Companies, the Japanese brand achieved a net profit of Rs 68.38 crore, with […]
