FMCG major Marico on Monday reported a 5% year-on-year (YoY) jump in its March quarter consolidated net profit at Rs 320 crore. The profit stood at Rs 305 crore in the corresponding period of the previous financial year. On a sequential basis, it was down 17% as against Rs 386 crore posted by the company … Read more
New Delhi: BeatO, a digital care platform for controlling and reversing diabetes, has announced that they have more than two million people with diabetes on their platform. The platform has seen its user base grow by 17x in the past five years. According to a recent Lancet report, India is home to approximately 77 million … Read more
The June quarter earnings season saw India Inc reporting low single digit QoQ growth in topline and double digit bottomline decline with pressure on gross margins. As the corporate earnings for Nifty companies were below its expectations, domestic brokerage has cut FY23 Nifty EPS estimate by around 3 per cent. “Miss in heavyweights such as … Read more
New Delhi: Ahead of the festive season, recovery in the Indian economy has strengthened in September as compared with pandemic-induced lows seen in April 2020. Going with the 15 non-financial high frequency indicators tracked by ICRA Ratings, nine have recorded growth in September 2020. On the other hand, five showed a narrower year-on-year contraction. Aditi … Read more
New Delhi: India’s economy has shown a remarkable resilience in the last few months, braving the impact of the coronavirus pandemic with lead indicators such as manufacturing PMI and exports returning to growth trajectory, Assocham said on Thursday. The chamber’s Assessment on State of Economy (AASE) report pointed towards a further pick up in the … Read more
Mumbai: Broadcaster Zee Entertainment Enterprises may post a sharp drop in net profit in the quarter ended June as Covid-19 pandemic-induced lockdown significantly hurt advertising demand. The television channels were also forced to air rehashed old content as production came to a grinding halt. The company is slated to announce its June quarter earnings on … Read more
Shares of NTPC inched higher in Friday’s trade ahead of the company’s financial result for the quarter ended June 30 later in the day. The scrip traded 0.23 per cent up at Rs 87.40 at around 9.23 am (IST), while the benchmark BSE Sensex was up 0.44 per cent at 38,479 at around the same … Read more
NEW DELHI: FMCG giant ITC dropped over a per cent on Friday ahead of its June quarter earnings. Analysts expect the firm to report up to 40 per cent dip in net profit. The stock was down 1.1 per cent to Rs 198.45. The scrip hit a low of Rs 197.35 during the day. The … Read more
Mumbai: The sentiment in the market was upbeat last week, as June quarter earnings surprised investors, and hopes of a vaccine kept global markets firm. Even as the frontline indices logged gains for the fifth straight week, the market breadth was weak with only 202 of BSE 500 stocks registering gains in the week. IT … Read more