The rating agency Icra in a report has said that apparel exports are expected to improve from H2 FY2024, on the back of expected demand recovery in the United States (US) and European Union (EU) regions. The rating agency expects its sample companies to report a mild two to three per cent year-on-year (YoY) revenue […]
GQG Partners bought 2.2 million shares of Adani Ports, increasing its ownership of the business to 5.03 per cent, the firm disclosed. Adani Ports And Special Economic Zone already has a 4.93 per cent share owned by the investment company. Days prior to the development, Deloitte’s auditor position with the corporation was terminated. As per […]
Indian textiles maker Raymond reported on Friday a multifold jump in first-quarter profit, helped by an exceptional gain from the sale of its consumer business. Raymond’s consolidated profit was Rs 1,065 crore for the three months ended 30 June, compared with Rs 80.9 crore a year earlier. In April, Raymond agreed to sell its consumer […]
Parag Milk Foods, a manufacturer and marketer of dairy-based branded products in India on Modnay reported 109 per cent year-on-year (YoY) rise in its net profit at Rs 214 million for the first quarter of the financial year 2024. The company witnessed an 8.5 per cent YoY growth in its revenue at Rs 7,496 million, […]
Dr Reddy’s Laboratories on Wednesday announced its consolidated financial results for the quarter ended June 30, 2023. The company reported revenue growth of 29.1 per cent YoY and 7.0 per cent QoQ to Rs. 6,758 crores and above market expectations of Rs. 6,343 crores. The pharma major’s Profit after Tax stood at Rs. 1,405 crores, […]
Unicommerce, an ecommerce enablement SaaS platform, has reported 50 per cent revenue growth in financial year 2023. The company has been consistently performing and expanding its presence in India and international geographies of Middle East and Southeast Asia. The company has been consistently growing its revenue, according to its last RoC filing, the company reported […]
BabyBless, a baby-related products and services brand the premier brand by Ferns N Petals recently announced its expansion to 5 new cities this year, marking the beginning of its strategic advancement into the untapped market. The brand is launching in cities such as Hyderabad, Pune, Chandigarh, Bangalore and Chennai. The aim of this expansion by […]
Akzo Noble India, a manufacturer and seller of paints and related products on Monday reported a 15 per cent year-on-year (YoY) growth in its profit after tax (PAT) at Rs 3,351 crore for the financial year 2022-23 (FY23) compared to to the previous financial year at Rs 2,900 crore. The company’s revenue from operations also […]
Kalyan Jewellers on Friday reported a 31 per cent year-on-year (YoY) growth in its consolidated revenue for the first quarter of the financial year 2024. The company said that it witnessed 34 per cent YoY for its India operations during Q1FY24. “Strong operating momentum has been consistent and sustained through the entire quarter, including during […]
Shares of Adani Wilmar are expected to be closely watched as the company announced a 15 per cent year-on-year decline in sales attributed to a significant drop in edible oil prices, despite a 25 per cent increase in volumes for the quarter. The edible oil and industrial essentials segments experienced a 15 per cent decrease […]
