The parent company of Manyavar, Vedant Fashions on Thursday reported a 4.8 per cent rise in consolidated net profit at Rs 157.71 crore in the third quarter (Q3) that ended 31 December 2023, compared to a consolidated net profit of Rs 150.35 crore in the same period of the previous fiscal, the company said in […]
Tech Mahindra reported a 61 per cent decline in its third quarter profit for the financial year 2023-2024 on Wednesday. The company said its profit stood at Rs 510.40 crore against Rs 1,297 crore during the corresponding period in 2022. The tech giant’s revenue stood at Rs 13,101 crore, up by 1.8 per cent on […]
Consumer electrical goods maker Havells India on Tuesday reported a 1.54 per cent increase in its consolidated net profit to Rs 287.91 crore for the third quarter ended December 2023. The company had posted a consolidated net profit of Rs 283.52 crore in the October-December quarter a year ago, according to a regulatory filing from […]
Mumbai-based specialty chemicals company, Pidilite Industries, is gearing up to announce its financial results for the October-December period (Q3FY24) on Tuesday, 23 January. Analysts anticipate a robust operational performance from Pidilite Industries, renowned for brands like Fevicol, Dr Fixit and M-Seal, driven by strong domestic demand during the festive season and growth in the real […]
Speciality Restaurants on Wednesday reported a fall of 7.8 per cent in consolidated net profit at Rs 14.17 crore in the third quarter (Q3) ended 31 December 2023 as against the net profit of Rs 15.38 crore in the same period of the previous financial year, it said in the regulatory filing. However, the company’s […]
Hitachi’s Indian arm is aiming to become a major growth engine for the Japanese conglomerate, targeting a USD 20 billion contribution to its parent’s revenue by 2030. This ambitious goal was revealed by Bharat Kaushal, Hitachi India’s managing director, at the World Economic Forum. India’s growing importance as a global hub for component and capital […]
Supam Maheshwari, CEO, and Co-founder of the mother and child care ecommerce platform FirstCry, purportedly sold 6.2 million shares before the company’s upcoming initial public offering (IPO). Media sources estimate the value of the shares he sold to be more than Rs 300 crore. Maheshwari, named as a selling shareholder in the draft red-herring prospectus […]
Omnichannel beauty retailer Sugar Cosmetics recorded a noteworthy 89% year-on-year surge in operational revenue for FY23, reaching Rs 420 crore, while maintaining a steady net loss of Rs 76 crore. The Mumbai-based company witnessed a substantial 68% increase in total expenses to Rs 505 crore, mainly attributed to heightened expenditure on stock-in-trade acquisitions due to […]
DMart, operated by Mumbai-based Avenue Supermarts, disclosed a standalone revenue of Rs 13,247.33 crore for the quarter ending 31 December 2023, marking a 17.19 per cent surge from the previous year’s Rs 11,304.58 crore. Comparatively, this revenue figure surpasses both the Rs 9,065.02 crore reported in the same quarter of 2021 and the Rs 7,432.69 […]
Hindustan Unilever, the FMCG manufacturer has announced that it has received Goods and Services Tax (GST) demands and penalties totalling Rs 447.5 crore from the authorities. The company has received a total of five orders passed from different zones of GST officials over issues such as disallowance of GST credit, salaries including allowances paid to […]
