Key Points
BENGALURU, Aug 10 (Reuters) - Page Industries (PAGE.NS), which licenses innerwear and loungewear brand Jockey International's products in India, reported a nearly 24% fall in first-quarter profit on Thursday, as softer demand weighed...
The company, which also licenses the Speedo swimwear brand in India, said its profit fell to 1.58 billion rupees ($19.09 million) for the quarter ended June 30 from 2.07 billion rupees a year earlier...
"There has been a build-up of excess inventory impacting the overall ecosystem and resulting in unsustainable business practices," the company said.. "With on-line platforms becoming a preferred avenue for shopping, the e-commerce segment is poised for accelerated growth," it added...
You might be interested in
Jockey India licensee posts Q2 profit fall on subdued demand
09, Nov, 23Page Industries (PAGE.NS), which licenses products of innerwear and loungewear brand Jockey International in India, reported a 7.3% fall in second-quarter profit on Thursday as inflation-hit consumers continued to cut back on spending.
BEML logs 18% rise in Q4 profit as expenses dip
26, May, 23Net profit margin for the quarter expanded to 11.36% from 7.92% for the same quarter in the previous year.
India's V-Guard posts Q2 profit in line with estimates
31, Oct, 23India's V-Guard Industries (VGUA.NS) reported second-quarter profit on Tuesday in line with analyst estimates, as more Indians bought air conditioner stabilisers and inverters in a quarter that saw the country's driest monsoon in over a century.
India's Godrej Consumer Products misses Q1 profit view as costs bite
07, Aug, 23India's Godrej Consumer Products (GOCP.NS) reported a lower-than-expected quarterly profit on Monday, hurt by mounting costs.
Paytm gets Q2 results boost from strong loan growth
20, Oct, 23India Business News: Paytm, the Indian digital payments company, has reported an operating profit for the fourth consecutive quarter, driven by growth in its financial ser
India's Adani Green to raise $1.12 billion to expand renewable capacity
26, Dec, 23BENGALURU (Reuters) - India's Adani Green Energy on Tuesday said its key shareholders will invest 93.50 billion rupees ($1.12 billion) in the company to expand its renewable power capacity. The
Reliance Industries second-quarter profit misses on fall in crude prices
27, Oct, 23India's most valuable company Reliance Industries (RELI.NS) reported a weaker-than-expected quarterly profit on Friday as a fall in crude prices hit revenue from fuel sales and hurt its mainstay oil-to-chemicals (O2C) business.
'Post-it' maker 3M India's Q1 profit rises on robust demand
10, Aug, 233M India (TMIN.NS) reported an over 53% rise in first-quarter profit, aided by strong demand in its transportation and electronics and safety and industrial businesses.
India's Container Corp Q1 profit falls as costs rise, revenue slip
10, Aug, 23State-owned Container Corporation of India reported a more than 17% fall in first-quarter profit on Thursday after costs increased and revenue fell.
Colgate-Palmolive India posts Q3 profit jump on lower expenses, urban demand
22, Jan, 24BENGALURU (Reuters) - Colgate-Palmolive (India) reported a 35.7% jump in third-quarter profit on Monday, aided by healthy urban demand and a fall in expenses. Net profit rose to 3.30 billion rupees (