Senco Gold, one of the leading jewellery manufacturers and retailers, reported an eightfold jump in standalone net profit for the December quarter at ₹264 crore, driven by an improved product mix, operating leverage, growing demand for lightweight jewellery, and rising gold prices. Revenue from operations rose 50% to ₹3,071 crore. Notably, non-East revenue crossed ₹1,100 […]

Murugappa Group company EID Parry (India) Ltd reported a sharp narrowing of its standalone net loss for the December quarter at ₹54 crore, compared with a loss of ₹146 crore in the year-ago period, aided by better realisations and cost optimisation measures. Revenue from operations stood at ₹773 crore (₹848 crore). Segment-wise, sugar contributed ₹389 […]

Reliance Consumer Products Ltd (RCPL), the FMCG arm of Reliance Industries Ltd, has acquired entire stake of Southern Health Foods Private Ltd for a cash consideration of ₹156.42 crore. Southern Health Foods, represented by its flagship brand Manna, is a leading manufacturer of wide-ranging healthy foods for well over two decades. The addition of Manna […]

Kalyan Jewellers has rolled out a multi-pronged growth strategy that blends product innovation, regional brand expansion and calibrated foreign forays, even as volatile gold prices weigh on consumer sentiment. The jewellery retailer plans to expand its studded jewellery portfolio with 14-karat and 9-karat offerings and will unveil its third regional brand in one Indian state […]

Indias leading jewellery retailer PN Gadgil Jewellers Ltd posted 99% increase in its consolidated net profit at ₹171 crore for the December quarter over the corresponding period last year. Revenue from operations grew from ₹2,436 crore to ₹3,303 crore, despite gold price volatility. Retail segment accounted for 83% of total sales. The management attributed the […]