Latest news with #COCO
Yahoo
7 days ago
- Sport
- Yahoo
Team of 17 from North East engineering company take on three peaks charity walk
A team of 17 walkers from a North East engineering firm will attempt the Yorkshire Three Peaks Challenge in September, raising funds for an international children's charity. The group from Wilton Engineering, led by the company's finance director, Christine Stobbs, will try to walk the 24-mile route on September 26. They will aim to cover the peaks of Pen-y-ghent, Whernside and Ingleborough in under 12 hours to raise money for the Comrades of Children Overseas (COCO). Stobbs, a board member of COCO, has previously pursued other fundraising efforts, including a 110km hike in Jordan, a 100km hike across Iceland, and a column of Mount Toubkal in Morocco. She is also set to do a trek in Costa Rica next year. Left to right: Emma Bunter, Jason Purvis and Christine Stubbs preparing for the Yorkshire Three Peaks challenge (Image: WILTON ENGINEERING) COCO is a North East charity that supports community-led initiatives to provide sustainable education to children living in poor and marginalised communities and is co-founded by former world-record holding athlete and television presenter Steve Cram CBE. Wilton Engineering, based in Stockton, has supported the charity for several years through event sponsorship and fundraising activities, as well as giving Stobbs the backing to play an important role on the COCO board. Christine said: 'I've seen first-hand the incredible impact COCO has on children's education and life chances in some of the world's poorest communities, and I'm excited to be bringing my colleagues along for the journey this time. "The Yorkshire Three Peaks is a tough challenge, but we're training hard with walks and climbs across our area, and we're determined to raise as much as we can for this brilliant cause.' READ MORE: Bishop Auckland care home to shut after watchdogs unearth 'serious concerns' Boy, 13, in hospital after fall from cliffs in North East bay as air ambulance called Watch as 'object explodes and spirals down' from skies over County Durham Bill Scott OBE, CEO of Wilton Engineering, said: 'We're incredibly proud of Christine and the entire team taking on this fantastic challenge. COCO is a charity that is close to our hearts because it does amazing, life-changing work, and we've always been happy to support their efforts. "We wish our walkers the very best of luck, and we'll be cheering them on every step of the way.' Donations can be made via the team's fundraising page:
Yahoo
24-07-2025
- Business
- Yahoo
Vita Coco Company, Inc. (COCO) Stock Sinks As Market Gains: Here's Why
In the latest trading session, Vita Coco Company, Inc. (COCO) closed at $38.22, marking a -2.25% move from the previous day. This change lagged the S&P 500's daily gain of 0.78%. Meanwhile, the Dow gained 1.14%, and the Nasdaq, a tech-heavy index, added 0.61%. The company's stock has climbed by 7.45% in the past month, exceeding the Consumer Staples sector's gain of 0.58% and the S&P 500's gain of 5.88%. The upcoming earnings release of Vita Coco Company, Inc. will be of great interest to investors. The company's earnings report is expected on July 30, 2025. The company is expected to report EPS of $0.36, up 12.5% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $162.57 million, reflecting a 12.8% rise from the equivalent quarter last year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.14 per share and a revenue of $580.38 million, representing changes of +6.54% and +12.47%, respectively, from the prior year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Vita Coco Company, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.18% upward. As of now, Vita Coco Company, Inc. holds a Zacks Rank of #2 (Buy). In terms of valuation, Vita Coco Company, Inc. is currently trading at a Forward P/E ratio of 34.24. This indicates a premium in contrast to its industry's Forward P/E of 18.27. Investors should also note that COCO has a PEG ratio of 2.1 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Beverages - Soft drinks was holding an average PEG ratio of 2.6 at yesterday's closing price. The Beverages - Soft drinks industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 39, this industry ranks in the top 16% of all industries, numbering over 250. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Vita Coco Company, Inc. (COCO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
08-07-2025
- Business
- Business Standard
P N Gadgil reports 3% YoY revenue growth to Rs 1,713 cr in Q1 FY26
P N Gadgil Jewellers reported a 2.77% year-on-year (YoY) increase in total revenue to Rs 1,713.7 crore for the first quarter of FY26, up from Rs 1,667.5 crore in the same period last year. During the quarter under review, revenue excluding the refinery segment delivered a YoY growth of 30.4%. The companys retail segment, which contributed 70.3% to the companys total revenue, registered a 19.4% year-on-year growth in Q1 FY26. The performance reflects a steady operational environment at the store level amid cautious consumer sentiment. The e-commerce segment reported a sharp 126% year-on-year growth in Q1 FY26, contributing 3.9% to total revenue. The performance underscores the success of the companys digital expansion strategy and growing online customer engagement. Franchisee operations posted a robust 109% year-on-year growth in Q1 FY26, accounting for 15.7% of total revenue. The strong performance was driven by solid franchisee execution and deeper market penetration. The other segment, excluding refinery operations, contributed 10.1% to total revenue in Q1 FY26. This segment primarily comprises B2B and corporate sales. As previously disclosed, refinery operations which contributed Rs 353.50 crore in Q1 FY25 were discontinued effective 1 October 2024. The companys festive season sales continue to be a key growth driver for the company. On Akshaya Tritiya this year, the company recorded its highest-ever single-day festive sales at Rs 139.53 crore, marking a strong 35.1% year-on-year increase. The share of studded jewellery in retail sales rose 41.6% year-on-year in Q1 FY26, taking the stud ratio to 10%. The rise reflects increasing consumer preference for stud-based designs. Same-store sales growth (SSSG) for the quarter stood at 8%. The growth was partly impacted by the absence of the Gudi Padwa festival in Q1 FY26, which fell in Q4 FY25 this year. In the previous year, the festival occurred during Q1, affecting like-for-like comparability. In Q1 FY26, the company expanded its footprint with the launch of Litestyle, a dedicated sub-brand designed to cater to the growing demand for stylish, lightweight jewellery. Additionally, 2 new showrooms were opened during the quarter one COCO (company owned, company operated) and one FOCO (franchise owned, company operated) bringing the total store count to 55. Looking ahead to FY26, the company is focused on accelerating its store rollout, with 7 to 9 new launches a combination of company-owned (COCO) and franchise outlets (FOCO) planned for Q2 FY26. This forms a key part of the broader goal of opening 20-25 new stores during the fiscal year. The expansion strategy will center on key growth markets such as Maharashtra, where the company maintains a leadership position, as well as high-potential regions like Uttar Pradesh and Madhya Pradesh. These areas will remain pivotal to driving market penetration and increasing accessibility, supporting the companys growth trajectory. P N Gadgil is the second-largest jewellery player in Maharashtra in terms of the number of stores as of January 2024. A wide range of precious metal and jewelry products includes gold, silver, platinum, and diamond jewelry across various price ranges and designs. The products are primarily sold under the flagship brand, PNG, as well as various sub-brands, through multiple channels, including retail stores, various online marketplaces, and their own website. The companys consolidated net profit rose 12.9% to Rs 61.99 crore on 5% rise in revenue from operations to Rs 1,588.22 crore in Q4 FY25 over Q4 FY24. Shares of P N Gadgil Jewellers shed 0.63% to Rs 605.90 on the BSE.
Mint
27-06-2025
- Business
- Mint
IPO Watch: Wakefit Innovations files draft papers with SEBI for ₹468 crore IPO
IPO Watch: Wakefit Innovations Limited has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO). Wakefit, founded in 2016, has emerged as the fastest-growing indigenous brand in India's home and furnishings sector among organised competitors, reaching a total income of over ₹ 1,000 crores by March 31, 2024. The company offers an extensive array of mattresses, furniture, and home accessories, which it markets through its own platforms (including its website and COCO – Stores) as well as through external channels (like prominent e-commerce sites and multi-brand retailers). Wakefit operates five manufacturing plants, with two located in Bengaluru, Karnataka, two in Hosur, Tamil Nadu, and one in Sonipat, Haryana. These facilities are equipped with advanced imported machinery and automation technologies, such as robotic arms and roller belts, which enhance the production workflow and minimise waste. For the fiscal year 2024, Wakefit reported a revenue from operations of ₹ 986.3 crore, along with ₹ 971 crore for the nine-month period ending December 31, 2024. As outlined in the DRHP, the upcoming IPO of the Bengaluru-based firm consists of a fresh issuance of equity shares totaling up to ₹ 468.2 crore, along with an offer for sale (OFS) of 5,83,99,085 equity shares (5.83 crore shares) by the current shareholders. Wakefit intends to allocate the proceeds from the Fresh Issue towards financing capital expenditures of ₹ 82 crores to establish 117 new COCO – Regular Stores and one COCO – Jumbo Store; ₹ 15.4 crores for capital expenditures related to acquiring new equipment and machinery; ₹ 145 crores for costs associated with lease, sub-lease rent, and license fees for existing stores; ₹ 108.4 crores for marketing and advertising expenses aimed at increasing brand awareness and visibility, while the remaining funds will be directed towards general corporate purposes. The Book Running Lead Managers for this issuance include Axis Capital Limited, IIFL Capital Services Limited, and Nomura Financial Advisory and Securities (India) Private Limited.
Mint
27-06-2025
- Business
- Mint
IPO Watch: Wakefit Innovations files draft papers with SEBI for ₹468 crore IPO
IPO Watch: Wakefit Innovations Limited has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO). Wakefit, founded in 2016, has emerged as the fastest-growing indigenous brand in India's home and furnishings sector among organised competitors, reaching a total income of over ₹ 1,000 crores by March 31, 2024. The company offers an extensive array of mattresses, furniture, and home accessories, which it markets through its own platforms (including its website and COCO – Stores) as well as through external channels (like prominent e-commerce sites and multi-brand retailers). Wakefit operates five manufacturing plants, with two located in Bengaluru, Karnataka, two in Hosur, Tamil Nadu, and one in Sonipat, Haryana. These facilities are equipped with advanced imported machinery and automation technologies, such as robotic arms and roller belts, which enhance the production workflow and minimise waste. For the fiscal year 2024, Wakefit reported a revenue from operations of ₹ 986.3 crore, along with ₹ 971 crore for the nine-month period ending December 31, 2024. As outlined in the DRHP, the upcoming IPO of the Bengaluru-based firm consists of a fresh issuance of equity shares totaling up to ₹ 468.2 crore, along with an offer for sale (OFS) of 5,83,99,085 equity shares (5.83 crore shares) by the current shareholders. Wakefit intends to allocate the proceeds from the Fresh Issue towards financing capital expenditures of ₹ 82 crores to establish 117 new COCO – Regular Stores and one COCO – Jumbo Store; ₹ 15.4 crores for capital expenditures related to acquiring new equipment and machinery; ₹ 145 crores for costs associated with lease, sub-lease rent, and license fees for existing stores; ₹ 108.4 crores for marketing and advertising expenses aimed at increasing brand awareness and visibility, while the remaining funds will be directed towards general corporate purposes. The Book Running Lead Managers for this issuance include Axis Capital Limited, IIFL Capital Services Limited, and Nomura Financial Advisory and Securities (India) Private Limited. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
