Latest news with #41stAnnualGeneralMeeting
&w=3840&q=100)
Business Standard
26-05-2025
- Business
- Business Standard
Gillette India net profit rises 60% to ₹159 cr, revenue grows 12%
Gillette India Limited (GIL) reported a net profit increase of 60 per cent to ₹159 crore in the March quarter of financial year 2024-25, compared to ₹99 crore in the corresponding quarter of the previous financial year. The revenue from operations rose by 12 per cent to ₹767.47 crore in the quarter under review, compared to ₹680.74 crore in the March quarter last year. GIL concluded FY 2024-25 with sales of ₹767 crore, reflecting a 13 per cent growth over the prior year. The Board of Directors has proposed a final dividend of ₹47 per equity share for the financial year ended 31 March 2025, pending shareholder approval at the upcoming 41st Annual General Meeting. Including the interim dividend of ₹65 per share, the total dividend for the fiscal year amounts to ₹112 per share. The company also changed its financial year timeline. 'Effective this year, we have changed our financial year from 1 July – 30 June to 1 April – 31 March. The current financial year of the company covers a period of nine months, from 1 July 2024 to 31 March 2025,' it said. The company's performance has therefore been indexed versus the comparable nine-month period in the previous year (1 July 2023 to 31 March 2024). The performance versus a 12-month past fiscal will not be comparable. For the nine months ended 31 March 2025, GIL posted sales of ₹2,235 crore, representing a 12 per cent increase compared to the corresponding nine-month period last year. 'Driven by strong topline growth as well as deliberate productivity interventions to fuel superiority across the portfolio,' the company said in an exchange filing. V Kumar, Managing Director, GIL, said, 'The growth has been led by our Grooming category. The consistent results year-on-year have been enabled by our teams' superior execution of the integrated strategy which we remain committed to – a focused product portfolio of daily use categories where performance drives brand choice, superiority (of product performance, packaging, brand communication, retail execution and consumer and customer value), productivity, constructive disruption, and an agile and accountable organisation – all aimed at delivering sustainable, balanced growth and value creation.'
&w=3840&q=100)
Business Standard
26-05-2025
- Business
- Business Standard
Gillette India Q4 results: Net profit rises 60% to ₹159 cr, revenue up 12%
Gillette India Limited (GIL) net profit increased by 60 per cent to ₹159 crore in the fourth quarter of financial year 2024-25, it ₹99 crore in the corresponding quarter of previous financial year. The revenue from operations rose by 12 per cent to ₹767.47 crore in the Q4FY25, it was ₹680.74 crore in the same quarter last year. GIL concluded FY 2024-25 with sales of ₹767 crore, reflecting a 13 per cent growth over the prior year. The Board of Directors has proposed a final dividend of ₹47 per Equity Share for the financial year ended March 31, 2025, pending shareholder approval at the upcoming 41st Annual General Meeting. Including the interim dividend of ₹65 per share, the total dividend for the fiscal year amounts to ₹112 per share. GIL recorded a profit after tax (PAT) of ₹418 crore for the fiscal year, reflecting a 41 per cent increase compared to the same period last year. The company performance has therefore been indexed versus the comparable 9-month period in the last year (July 1, 2023, to March 31, 2024). The performance versus a 12-month past fiscal will not be comparable. For the nine months ended March 31, 2025, GIL posted sales of ₹2,235 crore, representing a 12 per cent increase compared to the corresponding nine-month period last year. ''Driven by strong topline growth as well as deliberate productivity interventions to fuel superiority across the portfolio.'' the company said in an exchange filing. V Kumar, Managing Director, GIL, said, 'The growth has been led by our Grooming category. The consistent results year-on-year have been enabled by our teams' superior execution of the integrated strategy which we remain committed to – a focused product portfolio of daily use categories where performance drives brand choice, superiority (of product performance, packaging, brand communication, retail execution and consumer and customer value), productivity, constructive disruption, and an agile and accountable organization – all aimed at delivering sustainable, balanced growth and value creation.'.
Business Standard
16-05-2025
- Business
- Business Standard
Neuland Labs drops after Q4 PAT slumps 59% YoY to Rs 28 cr
Neuland Laboratories declined 5.89% to Rs 11,171.10 after the company's consolidated net profit tumbled 58.8% to Rs 27.81 crore on 14.7% fall in revenue from operations to Rs 328.36 crore in Q4 FY25 over Q4 FY24. On quarter on quarter (QoQ) basis, the company's net profit declined 72.63% while revenue fell 17.5% in Q4 FY25. Profit before tax (PBT) dropped 57.4% YoY and 69.24% QoQ to Rs 39.30 crore in Q4 FY25. During the quarter EBITDA stood at Rs 58.2 crore, registering de-growth of 48.1% compared with Rs 112.2 crore posted in the same quarter last year. EBITDA margin reduced 1,140 bps to 17.3% in Q4 FY25 as against 28.7% in Q4 FY24. Total expenses fell 0.55% to Rs 296.52 crore in Q4 FY25 as compared with Rs 298.16 crore in Q4 FY24. Cost of material consumed stood at Rs 141.24 crore (down 19.28% Yoy), employee benefit expenses were at Rs 66.45 crore (down 6.35% YoY), finance cost stood at Rs 2.34 crore (down 35% YoY), while manufacturing expenses stood at Rs 45.09 crore (up 3.09% YoY ) during the period under review. On full year basis, the companys consolidated net profit declined 13.3% to Rs 260.11 crore on 5.2% fall in revenue from operations to Rs 1,476.84 crore in FY25 over FY24. Sucheth Davuluri, vice-chairman and chief executive officer of the company said, We saw marginal decrease in topline in FY25 as compared to FY24, which is further reflected in terms of the decline in operating margins. Nevertheless, these results are in line with our initial outlook at the start of the year regarding our expectations for FY25. During the course of the year we have committed to making investments which will significantly drive our growth in the medium and long term. Neuland continues to be recognized for its capabilities and quality track record, and we have good visibility on short and long term growth. Saharsh Davuluri, vice chairman and managing director, Neuland Laboratories added, The CMS revenues of Rs 637 crore were largely driven by molecules in the commercial segment. Even though the revenues have declined this year, we continue to see good traction in business from a wider range of customers Our peptide investment plan is on track. We continue to garner more projects in this space which further validates our excitement about the opportunities that the segment holds. At an overall level, we have molecules in our portfolio which are currently at the take off stage, therefore we expect our growth trajectory to resume in FY26. Meanwhile, the companys board recommended payment of final dividend of Rs 12 per share on a face value of Rs 10 each, for the financial year 2024-25. The dividend will be paid on or after five days from the date of declaration of the final dividend by the shareholders at the 41st Annual General Meeting (AGM). The company has fixed the record date as 18 July 2025. The companys board has approved the convening of the 41st AGM of the shareholders on Wednesday, July 30, 2025. Neuland Laboratories is a pharmaceutical manufacturer providing active pharmaceutical ingredients (APIs), complex intermediates, and custom manufacturing solutions to customers in approximately 80 countries.
Time of India
09-05-2025
- Business
- Time of India
Titan Company shares in focus after posting 13% YoY jump in Q4 net profit
Titan Company reported a 13% YoY rise in Q4 net profit to Rs 871 crore, with revenue up 22% to Rs 14,049 crore. EBITDA grew 23%, and margins expanded slightly. The company declared a Rs 11 dividend per share. Despite muted 1-year stock returns, analysts remain bullish with a 10% upside target at Rs 3,690. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Titan Share Price Performance Analyst Ratings and Target Price Shares of Titan Company will be in focus on Friday after the firm reported a 13% year-on-year rise in consolidated net profit to Rs 871 crore for the fourth quarter, up from Rs 771 crore in the same period last company's total income rose 22% YoY to Rs 14,049 crore during the grew 23% YoY to Rs 1,470 crore, while EBITDA margin expanded by 8 basis points to 10.5%.The Tata Group company's total income stood at Rs 14,049 crore, up 23% compared to Rs 11,472 crore in the year-ago Titan declared a dividend of Rs 11 per equity share on Thursday, payable seven days after its 41st Annual General Meeting (AGM).Shares of Titan have gained 3% over the past year. However, the stock has delivered strong long-term returns of 52% over three years and 305% over five years. Its one-year return underperformed the broader sector, industry, Sensex, and Nifty50 to Trendlyne, the stock has an average target price of Rs 3,690 based on estimates from 34 analysts, implying a potential upside of 10% from current levels. The consensus rating is a 'Buy'.
Mint
08-05-2025
- Business
- Mint
Titan Q4 Results: PAT rises 11% YoY to ₹870 crore; ₹11 dividend declared
Titan Q4 Results: Tata group's jewellery and eyewear company Titan posted a 10.7% year-on-year (YoY) growth in its standalone net profit to ₹870 crore for the fourth quarter of the financial year 2024-25 (FY25) post-market hours on Thursday, May 8. The figure stood at ₹786 crore in the same period last year. The sale from operations saw a 25% YoY uptick to ₹12,581 in Q4 FY25, compared with ₹10,047 crore in the corresponding quarter a year-ago. The total income for the quarter under review stood at ₹12,730 crore, up 23.8% YoY. The earnings before interest and tax (EBIT) saw a 23.9% rise to ₹1,411 in the March 2025 quarter, as against ₹1,139 crore in March 2024 quarter. Also Read | Maharatna PSU ONGC declares date for Q4 results 2025, final dividend Segment-wise performance The jewellery segment's income for the quarter rose 25% YoY to ₹11,232 crore. The domestic business grew 23% to ₹10,845 crore during the same period driven by a strong 30% growth in gold jewellery and coins, and a 12% growth in studded jewellery. Despite a steep increase in gold prices, the studded and gold coin segments saw buyer growths, Titan said. Solitaires likewise witnessed a good rebound on the back of good buyer growth, albeit on the lower carat weights. The high gold prices, however, are continuing to weigh on consumer sentiment in the near term, Titan said. The watches and wearables business recorded a total income of ₹1,126 crore, up 20% during the quarter. The domestic India business grew 18% to ₹1,087 crore during the same period, driven by a healthy 18% growth in analogue watches. Fastrack brand topped the growth charts, clocking 44% growth, followed by Sonata recording 25% growth on YoY basis. Eyewear division's income grew 16% YoY to ₹192 crore in Q4 FY25. International brands registered a strong growth of 47% over Q4FY24, said the company. Within product categories, sunglasses sales outpaced others, growing by 52% in the same period, Titan highlighted. In emerging businesses, comprising of Indian Dress Wear (Taneira), Fragrances, Fashion Accessories (F&FA), total income went up by 5% to ₹102 crore. Meanwhile, Titan's subsidiary CaratLane saw a 23% growth in income to ₹883 crore on a YoY basis. EBIT came in at ₹70 crore, clocking a margin of 7.9% for Q4FY25. CaratLane added 17 new stores (net) in the quarter taking the total store count to 322 stores in India. The brand is now present in 139 cities pan-India and has one international store presence in New Jersey, USA. Titan Dividend Titan announced a final dividend of ₹11 per share along with its financial results for the March 2025 quarter. 'The Board has recommended a Dividend of ₹11 per equity share of ₹1 each of the company, which shall be paid/dispatched on or after the seventh day from the conclusion of the 41st Annual General Meeting, subject to the approval of the shareholders of the Company,' Titan said in a filing today.
