India’s Goods and Services Tax (GST) revenue for January 2024 has jumped to Rs 1,72,129 crore, reflecting an impressive 10.4 per cent Year-on-Year (Y-o-Y) growth. This is the second-highest monthly collection ever and the third time in the fiscal year 2023-24 that collections topped Rs 1.70 lakh crore. From April 2023 to January 2024, gross GST collections totaled […]
PVR Inox reported a 20 per cent fall in its consolidated profit after tax (PAT) at 12.8 crore in the December quarter, compared with Rs 16.1 crore in the last year period. Revenue from operations rose 64 per cent YoY to Rs 1,546 crore in the reporting third quarter. This compares with Rs 940 crore […]
Dabur India on Wednesday reported an increase of 6.24 per cent in consolidated net profit at Rs 506.44 crore for the third quarter ended December 2023. The company had posted a net profit of Rs 476.65 crore in the October-December quarter a year ago, Dabur India said in a BSE filing. Its revenue from operations […]
Domino’s Pizza, which is run in India by Jubilant FoodWorks Ltd (JFL), has joined the Open Network for Digital Commerce (ONDC) network, the food services firm said on Tuesday. Domino’s catalogues will now be visible on numerous applications throughout the network, allowing for smooth purchases, the company said. Customers in the Delhi NCR may already […]
Shaving products maker Gillette India on Tuesday reported a 39.62 per cent increase in profit to Rs 103.95 crore for the second quarter ended December 2023, pushed by productivity interventions and moderation of inflation. The company, which follows the July-June financial year, had reported a profit of Rs 74.45 crore in the year-ago period. Its […]
The operator of QSR Chain Burger King in India, Restaurant Brands Asia, on Monday, the company posted a reduced third-quarter loss, helped by robust holiday sales. The company’s consolidated net loss narrowed to Rs 36.18 crore (USD 4.4 million) in the three months ended 31 December from Rs 50.42 crore a year earlier. Nonetheless, it […]
ITC on Monday reported a 6.51 per cent increase in consolidated net profit to Rs 5,400.51 crore for the December 2023 quarter due to a resilient performance by the FMCG vertical compared to a consolidated net profit of Rs 5,070.09 crore in the October-December period a year ago, according to the regulatory filing. Its gross revenue […]
Tobacco maker Godfrey Phillips India reported higher third-quarter profit on Monday, driven by growth in its core market and easing expenses. The company reported a consolidated net profit of Rs 212 crore for the quarter ended 31 December, up 6.6 per cent from last year. Total revenue from operations rose 34 per cent to Rs […]
Marico, the FMCG company, reported a Q3FY24 profit of Rs 386 crore, marking a 15.9 per cent increase compared to Rs 333 crore in the third quarter of FY23, surpassing estimates. The revenue from operations stood at Rs 2,422 crore, reflecting a 1.9 per cent decrease, with underlying volume growth of 2 per cent in […]
Meesho is gaining traction and share as the fastest-growing ecommerce platform in India, according to the latest report by Alliance Bernstein. The findings reveal that Meesho currently has a GMV run rate of over USD 5 billion and around 120 million average monthly active users. In December 2023, Meesho exhibited 32 per cent year-on-year (YoY) […]
