Honasa Consumer, the recently listed parent company of Mamaearth, delivered strong financial numbers in its first half (H1) report ending 30 September 2023. The result boosted stock prices, to rally as high as 20 per cent to hit the upper-circuit. The digital first brand reported its H1 revenue to Rs 961 crore from operations, 33 […]
Avadh Sugar & Energy, a K K Birla group company, has reported a net profit of Rs 29 crore for the quarter gone by as against a loss of Rs 16 crore in the same quarter the previous year. The total income of the company during the quarter stood at Rs 799 crore, compared to […]
The bulk drugs segment of the Indian pharmaceutical sector is expected to see revenue grow at 6 to 8 per cent this fiscal year, helped by higher sales volume stemming from a stable growth outlook, according to a Crisil Ratings report. The bulk drug segment posted 8-10 per cent revenue growth last fiscal, mainly because […]
Arvind Fashions On Tuesday reported an 18.9 per cent year-on-year (YoY) increase in second-quarter profit, attributing it to robust sales of clothing and footwear and sustained wider margins facilitated by power brands. The company’s consolidated net profit climbed to Rs 216.6 million rupees (USD 2.60 million) for the quarter gone by, compared to Rs 182.2 […]
FMCG major Marico anticipates a rebound in revenue growth in the second half of the fiscal year, with expectations of improving rural demand, according to Managing Director and CEO Saugata Gupta. The company has adjusted prices following a softening of inflation in the domestic market over the last two quarters, impacting revenue growth but aiding […]
The rating agency Icra expects its sample companies to report a 7 to 8 per cent YoY increase in revenues to Rs. 215 billion for FY2024, with an expected recovery in demand conditions and restocking by big retailers from the US market to realign their inventory levels. The four listed home textile companies in Icra’s […]
Gillette India’s Profit After Tax (PAT) saw an increase due to strategies focused on premium products and improved productivity, although it was partially offset by a one-time expense. Excluding this one-time factor, the operational PAT showed a 14 per cent growth compared to the previous year. The company’s revenue from operations for the quarter ending […]
In the second quarter ending on 30 September 2023, revenue from operations for Blue Star surged by 19.47 per cent to reach Rs 1,890.40 crore, compared to Rs 1,582.29 crore during the same period the previous year. The consolidated operating profit (PBIDTA excluding other income) for Q2 FY24 showed significant improvement, reaching Rs 122.69 crore […]
Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola in India, witnessed a significant upturn in its financial performance for the fiscal year 2023. Data accessed from the business intelligence platform Tofler revealed that HCCB’s net profit more than doubled, soaring to Rs 809.32 crore for FY23. This impressive result followed a 41.51 per cent […]
Tata Consumer Products (TCPL) has reported a consolidated net profit of Rs 359.18 crore for the September quarter of FY24, indicating a modest growth of 1.18 per cent compared to Rs 354.98 crore in the same quarter of the previous financial year. The group’s consolidated net profit stood at Rs 363.98 crore. The company reported […]
