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Britannia s Q4 standalone net profit drops 7% - The Hindu BusinessLine
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Companies such as ITC, Himalaya Drug Company and Patanjali said they have ramped up their production capacity to address spurt in demand, assuring that their hygiene products are available to the consumers.
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Sanitisers are making a comeback due to rising Covid cases
As the devastating second wave of the COVID-19 pandemic sweeps across India, leading FMCG companies are witnessing a strong surge in demand for their health and hygiene products, including hand sanitiser, hand wash, disinfectant spray and germ protection wipes.
Companies such as ITC, Himalaya Drug Company and Patanjali said they have ramped up their production capacity to address spurt in demand, assuring that their hygiene products are available to the consumers.
Nestle India Q1 net profit up 14.6 per cent on robust domestic sales
During the quarter under review, the company’s revenue from operations stood at ₹3,610.82 crore, up 8.6 per cent.
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| A+A A- By Express News Service
NEW DELHI: Riding on the spike in home consumption, FMCG major Nestle India on Tuesday reported a net profit of Rs 602.25 crore for the quarter ended March 31, up 14.6 per cent, compared to Rs 525.43 crore in the corresponding quarter of the previous fiscal. The maker of Maggi noodles follows the January-December period as the financial year.
During the quarter under review, the company’s revenue from operations stood at ₹3,610.82 crore, up 8.6 per cent. Domestic sales achieved double-digit growth of 10.2 per cent, on a strong growth base in Q1 2020 largely driven by volume and mix. “As the pandemic rages on, the quarter gone by has been another test of resilience of my team and our partners.
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BENGALURU: Tata-owned Titan company said it recorded 60 per cent revenue growth for the overall fourth quarter and noted impact on business momentum by the emerging Covid situation in the second half of March. Titan had registered strong revenues in the festive quarter and sequentially in most of the fourth quarter, driven by growth in its jewellery division and progressive recovery in watches and eyewear divisions.
“The company continued to witness strong business momentum as the Covid impact on the consumer sentiments seemed to fade in the early part of the (fourth) quarter. After recording the best ever revenue in the third, which was a festive season, the company again recorded very strong revenues in the fourth quarter. However, it must be pointed out that the second half of March 2020 was impacted by the emerging Covid situation,” Titan stated in a filing to the BSE.
Hotel stocks: Multiplex, retail chain and hotel stocks take a big hit
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