Kalyan Jewellers on Wednesday reported consolidated revenue of Rs 5,223 crore in quarter financial year 2024 (Q3 FY24) as against Rs 3,884 crore in the corresponding period of the previous year, a growth of over 34 per cent. The consolidated profit after tax (PAT) for Q3 FY24 was Rs 180 crore against a PAT of […]
Voltas, a Tata Group-owned consumer appliance firm, recorded a consolidated net loss of Rs 27.60 crore in the third quarter (Q3) ended December 2023, compared to a net loss of Rs 110.49 crore in the same time the previous fiscal year, according to a BSE filing. However, the company’s overall income increased by 31.8 per […]
JSW Paints, an unlisted subsidiary of diversified conglomerate JSW Group, said on Tuesday that its revenues reached Rs 1,500 crore in the first nine months of FY24 and that it expects to become profitable in the current fiscal year. According to an official release, the business expects to complete FY24 with a topline of more […]
Metro Brands which sells shoes from brands including Fila, Crocs and Mochi, reported its fourth straight drop in quarterly profit on Thursday, hurt by high inventory costs amid slowing sales growth. The company’s net profit fell 12.6 per cent to Rs 97.81 crore in the October-December quarter, missing analysts’ estimate of Rs 122 crore, as […]
Asian Paints on January 17 reported a 34.5 per cent year-on-year rise (YoY) in its consolidated net profit at Rs 1,475.16 crore for the third quarter of the financial year 2023-24 compared to Rs 1,097.06 crore in the year-ago period. The paint maker recorded a 5.4 per YoY increase in consolidated revenue to Rs 9,104 crore in […]
Tata Consumer Products (TCPL) will fund its acquisitions of Capital Foods and Organic India, which have a combined enterprise value of Rs 7,000 crore, with internal cash reserves and bridge financing, MD and CEO Sunil D’Souza said on Sunday. Both acquisitions are in regions with “huge runway for growth,” where margins are “far accretive” and the company […]
In a strategic move aimed at strengthening its position in the health and wellness sector, Tata Consumer Products is on the verge of acquiring Organic India, a prominent organic tea and Ayurvedic health products firm, according to media reports. Industry insiders suggest that an official announcement regarding the proposed acquisition, which is anticipated to be […]
HCLTech has reported strong financial results for the third quarter of the fiscal year 2024. The company’s consolidated net profit witnessed a noteworthy 6 per cent year-on-year (YoY) increase, reaching Rs 4,350 crore for the quarter ending 31 December 2023, compared to Rs 4,096 crore in the corresponding period of the previous year. The consolidated […]
Tata Starbucks has reported a net loss of Rs 24.97 crore from its operations in India for the fiscal year that ended on 31 March 2023, according to the business intelligence platform Tofler. However, its revenue from operations was Rs 1,086.89 crore for the same time, up 70% due to the inclusion of additional cafes […]
Dabur, a major player in fast-moving consumer goods, encountered challenges in the third quarter of the current financial year, with projections indicating potential impacts due to a weaker winter, as per insights from Emkay, a brokerage firm. Despite these challenges, expectations point to approximately 7 per cent growth in consolidated revenue and a 9 per […]
