Brands Companies Food News

Patanjali Foods’ Net Profit Plunge By 64% In Q1FY23

Patanjali Foods saw a significant decline in its net profit for the first quarter of 2023. The company’s financial results revealed a nearly 64 per cent year-on-year (YoY) plunge in net profit, settling at Rs 878 crore. But despite this setback, the company experienced a growth of almost 8 percent in revenue from operations, reaching […]

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Brands Companies News

ITC To Boost RoCE By Up To 20% After Demerger of Hotels Business

ITC, in a bid to address investor concerns over the demerger of its hotels business, has outlined plans to boost its Return on Capital Employed (RoCE) by up to 20 per cent. The company aims to ensure that the new entity, ITC Hotels, maintains a well-capitalised, debt-free balance sheet. The demerger is designed to benefit […]

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Companies Government News

Govt To Sell 92.44 Lakh Shares of Coal India To Employees Via OFS

The central government will sell 92.44 lakh shares of Coal India, representing 0.15 per cent of the total equity share of the company, to its eligible employees via Offer For Sale route, the state-owned company informed stock exchanges on Monday. The Coal India shares will be offered at Rs 226.10, the stock exchange filing showed. […]

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Brands Companies News Retail

V-Mart Retail Shares Rises 6% On Speculation of Bulk Deal

The shares of V-Mart Retail reported an increase of 6 per cent due to speculation of a bulk deal. The company’s share price was at Rs 2,100.  According to reports, approximately 5.8 lakh shares, equivalent to around 3 per cent of the company’s equity and valued at Rs 116 crore, were traded at Rs 1,990 […]

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Brands Food/Entertainment News

Radico Khaitan Reports 22% Drop In Profit To Rs 61 Cr In Q3

Radico Khaitan reported a 22.63 per cent drop in total net profit to Rs 61.22 crore in the third quarter ended December 2022, owing to commodities prices affecting margins. Radico Khaitan reported a consolidated net profit of Rs 79.13 crore in the October-December quarter a year earlier in a regulatory filing. Its income from operations […]

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Brands Food/Entertainment News Sector

Britannia Industries Consolidated Net Profit Rises 60% YoY To Rs 932.40 Cr

Britannia Industries on Wednesday reported a 60 per cent year-on-year (YoY) increase in consolidated net profit at Rs 932.40 crore for the third quarter ended on 31 December, compared to the same quarter last year at Rs 369.18 crore. Company’s consolidated sales grew 16 per cent to Rs. 4,101 crore for the quarter gone by, […]

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Brands News

Mamaearth’s Parent Company Files IPO Papers In Order To Raise Rs 400 Cr Via Sale Of New Shares

Honasa Consumer Ltd, the parent company of the personal care brand Mamaearth, has filed its draft red herring prospectus for an initial public offering (IPO)with the Securities and Exchange Board of India (SEBI). The offer will include a new issuance of shares worth Rs 400 crore, as well as an offer-for-sale (OFS) component for 46.82 […]

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