Varun Beverages Q3 Profit Rises 18.5%, Revenue Up 1.9%
Varun Beverages Q3 profit rises 18.5% to Rs 7,452 mn; revenue up 1.9% as international growth offsets weak India volumes.
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Emami Q3 Earnings: Profit Grows 11.88%, Revenue Up 1.38%
- by BW Retail World Bureau
- February 11, 2024
FMCG major Emami reported an 11.88 per cent increase in consolidated profit after tax to Rs 260.65 crore for the December quarter of 2023-24, aided by improved margins due to lower input prices. According to the company’s regulatory filing, the business had a net profit of Rs 232.97 crore in the October-December fiscal year 23. […]
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Honasa Consumer Q3 Profit Jumps 265%, Revenue Up 28%
- by BW Retail World Bureau
- February 11, 2024
Honasa Consumer, which owns and runs Mamaearth, recorded a 265 per cent increase in total net profit of Rs 26 crore for the quarter ended December. It cost Rs 7.1 crore a year ago. Revenue from operations in the third quarter climbed 28 per cent year on year (YoY) to Rs 488 crore, up from […]
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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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Zomato Swings To Profit With Rs 138 Cr In Q3, Revenue Jumps 69% YoY
- by BW Retail World Bureau
- February 9, 2024
Zomato declared a consolidated net profit of Rs 138 crore for the December quarter. The company reported a combined net loss of Rs 347 crore in the same quarter last year, according to a regulatory filing. Consolidated income from operations in the third quarter of the current fiscal year was Rs 3,288 crore, up from Rs […]
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Patanjali Q3 Net Profit Slips 19%, Revenue Remains Flat
- by BW Retail World Bureau
- February 9, 2024
Patanjali Foods on Thursday reported a 19.3 per cent year-on-year (YoY) drop in net profit for the quarter ended December to Rs 217 crore. Revenue from operations fell 0.2 per cent to Rs 7,911 crore. Sequentially, the topline rose just 1.1 per cent, while the bottomline dropped by nearly 15 per cent. The primary food […]
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Berger Paints Q3 Profit Surges 49% Driven By Volume Growth & Tier 2, 3 Cities
- by BW Retail World Bureau
- February 7, 2024
Berger Paints on Tuesday reported a 49 per cent year-on-year (YoY) rose in its consolidated net profit to Rs 300.16 crore for the third quarter of the current financial year. Revenue from operations also climbed by 7 per cent to Rs 2,881.83 crore during the October-December period, the company said in a regulatory filing. Earnings […]
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Liquor Maker Radico Reports 23% Profit Surge On Premium Brand Strength
- by BW Retail World Bureau
- February 7, 2024
Liquor maker Radico Khaitan on Tuesday reported a 22.75 per cent increase in consolidated net profit at Rs 75.15 crore for the third quarter ended December 2023. Radico Khaitan reported a consolidated net profit of Rs 61.22 crore in the October-December quarter last year, according to a BSE filing. Its operating revenue increased 34.1 percent to […]
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Kansai Nerolac Paints Q3 Profit Jumps 39.6%, Margins Improve
- by BW Retail World Bureau
- February 6, 2024
Kansai Nerolac Paints on Monday reported a 39.57 per cent increase in consolidated net profit to Rs 152.09 crore for the December quarter, helped by an improvement in margins. The company had posted a net profit of Rs 108.97 crore in the October-December period a year ago, Kansai Nerolac said in a regulatory filing. Its revenue […]
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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, […]