Kalyan Jewellers posted a 27% per cent year-on-year increase in consolidated revenue for Q1 of FY25, mainly due to strong performance in the Indian and Middle Eastern markets. The company had reported a consolidated net revenue of ₹4,376 crore in Q1 (April-June) for FY25. India operations saw 29 per cent revenue growth during Q1 of … Read more
The capex will be funded through debt and equity, including internal accruals and capital from promoters, the group’s chief financial officer Jugeshinder Singh said on Tuesday. The Gujarat-based conglomerate had outlined about ₹70,000 crore for capex in FY24. The group will invest nearly 85% of the planned amount in infrastructure and utilities, including ₹34,000 crore … Read more
The permitted stockholding limit was notified as 3,000 tonnes for wholesalers, 10 tonnes for retailers, 10 tonnes for each outlet and 3,000 tonnes at all depots for big chain retailers, and 70% of monthly installed capacity multiplied by the remaining months of the current financial year in the case of processors. “The decision has been … Read more
Fitch projects a three per cent-four per cent increase in India’s petroleum product demand for the fiscal year ending in March 2025 (FY25), buoyed by rising consumer, industrial, and infrastructure needs. This is in tandem with an expected GDP growth of 7 per cent. Diesel and petrol will continue to dominate the consumption landscape, accounting … Read more
India’s largest fast-moving consumer goods company on Friday said it expects volume growth of mid-to-high single digit in financial year 2024-25. HUL reported underlying volume growth of 2% for FY24, with sales growing 3%. HUL’s performance is viewed as a proxy for the broader Indian consumer goods sector. The industry has been reeling with tepid … Read more