Aditya Birla Capital Q1 Results: Profit rises 10% to Rs 835 crore
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Economic Times
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- Economic Times
Britannia Q1 profit dips 0.8% YoY; revenue up 8.8%, misses estimates
Biscuit major Britannia Industries Ltd reported a marginal 0.8% year-on-year (yoy) drop in standalone net profit at Rs 498.27 crore for the first quarter ending June 30th, while standalone revenue from operations grew 8.8% YoY at Rs 4,452.74 crore. The performance during the quarter missed street estimates. ADVERTISEMENT The company did not attribute any reason behind the fall in profit. Britannia's managing director Varun Berry said in the earnings release that there was a marginal uptick in consumption across both urban and rural markets in the quarter under review, underpinned by moderating inflation which helped (near) double-digit growth after the last few periods. Berry said as the year progresses, the company's focus will remain on sustaining a healthy growth trajectory while protecting margins amidst a heightened competitive landscape across product categories. "We aim to further reinforce our market leadership through continued investments in brand building and innovations," he said. Britannia's consolidated revenue from operations for the quarter went up by 8.8% yoy at Rs 4,622.22 crore while net profit grew by 3% yoy at Rs 520.13 crore. Consolidated sales for the quarter grew 9.8% at Rs 4,535 said the company had a robust double-digit growth across our focus markets and in adjacent bakery categories such as rusk, wafers and croissant. He said the company's performance during the quarter underscores the effectiveness of its focused execution strategy -- maximizing value from existing outlets, more agile servicing to key stores, and driving operational efficiencies across distribution networks. ADVERTISEMENT On Tuesday, Britannia's shares closed 2.66% down on the BSE at Rs 5,631.35 a piece. The results were declared after market hours. The company in a stock market notice said the board of directors authorized chairman Nusli N. Wadia to sign the results which were submitted to the stock exchanges. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
an hour ago
- Time of India
ET Market Watch: Sensex drops 308 pts, Nifty below 24,700 on FII exodus & Trump tariff threat
Transcript Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it:Sensex tumbled over 300 points and Nifty cracked below 24,700 today, here's what you need to know in 5 quick lines!1. FII Exodus & Trump Tariff ThreatForeign investors pulled money out as President Trump renewed threats of U.S. tariffs on India's Russian oil imports, denting market confidence.2. Sensex & Nifty SnapshotThe Sensex closed down 308.5 points at 80,710, while Nifty slid 66.2 points to 24,649—both under pressure from sustained outflows.3. Sector Winners & LosersDefensive FMCG and IT fell ~0.7% each; Nifty Pharma lost 0.8%. Among stocks, Adani Ports, Reliance, Infosys, ICICI Bank all dipped 0.7–2.4%.4. Bright Spots & LowlightsGodfrey Phillips jumped 10% on strong June-quarter profit and bonus shares; Reliance Power hit its 5% lower circuit amid ED loan-fraud probes.5. What's Next?All eyes on RBI's upcoming MPC meeting for policy cues and watch Nifty's 24,400–24,850 range for the next tuned for more market updates—like, follow, and drop your view on whether you're buying the dip or waiting on the sidelines!
Economic Times
an hour ago
- Economic Times
ET Market Watch: Sensex drops 308 pts, Nifty below 24,700 on FII exodus & Trump tariff threat
Transcript Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it: Sensex tumbled over 300 points and Nifty cracked below 24,700 today, here's what you need to know in 5 quick lines! 1. FII Exodus & Trump Tariff Threat Foreign investors pulled money out as President Trump renewed threats of U.S. tariffs on India's Russian oil imports, denting market confidence. 2. Sensex & Nifty Snapshot The Sensex closed down 308.5 points at 80,710, while Nifty slid 66.2 points to 24,649—both under pressure from sustained outflows. 3. Sector Winners & Losers Defensive FMCG and IT fell ~0.7% each; Nifty Pharma lost 0.8%. Among stocks, Adani Ports, Reliance, Infosys, ICICI Bank all dipped 0.7–2.4%. 4. Bright Spots & Lowlights Godfrey Phillips jumped 10% on strong June-quarter profit and bonus shares; Reliance Power hit its 5% lower circuit amid ED loan-fraud probes. 5. What's Next? All eyes on RBI's upcoming MPC meeting for policy cues and watch Nifty's 24,400–24,850 range for the next breakout. Stay tuned for more market updates—like, follow, and drop your view on whether you're buying the dip or waiting on the sidelines!
