BRITANNIA INDUSTRIES Q2 PROFITUP16% TO ₹303 CRORE
NEW DELHI: Packaged consumer goods major Britannia Industries Monday reported a 16.09% increase in consolidated net profit to ₹303.03 crore for the second quarter ended September 2018, led by a double-digit volume growth. The company had posted a net profit of ₹261.03 crore in the July-september period a year ago, Britannia Industries said in a BSE filing. Its total income from operations during the period under review was at ₹2,913.55 crore, up 12.22% compared to ₹2,596.11 crore in the corresponding quarter of the last fiscal. “This was the fourth successive quarter of double-digit volume growth primarily due to our investment in brands, multi-media campaign to bring alive the new identity and celebrating 100 years and widening our distribution network through focus on direct reach, rural market and weak states,” Britannia Industries managing director Varun Berry said.
Tata Motors group global sales up 5.62% in October
NEW DELHI: Tata Motors on Monday reported a 5.62% increase in its group global wholesales, including Jaguar Land Rover, at 1,09,597 units in October 2018.
Tata Motors’ group global wholesales in October last year were at 1,03,761 units. Global wholesales of all passenger vehicles in October 2018 were at 65,217 units, lower by 2%, as compared to 66,361 units in the same month last year, Tata
Motors said in a statement.
Jaguar Land Rover sales were at 46,766 units. While Jaguar wholesales for the month were 13,373 vehicles, that of Land Rover were at 33,393 units.
Godrej PAT jumps 59% to ₹189 cr in Julsept
NEW DELHI: Diversified firm Godrej Industries on Monday reported 58.82% jump in consolidated profit after tax (PAT) at ₹189.54 crore for the second quarter ended September 30, helped by lower current tax expense. The company had posted a PAT of ₹119.34 crore in July-september quarter a year ago. Total income stood at ₹2,757.16 crore during the quarter under review. It was ₹2,352.29 crore in the corresponding period last fiscal, Godrej Industries said in a BSE filing. Current tax expense in the reported quarter was ₹1.45 crore as against ₹57.69 crore during the same quarter last fiscal.
PWC India to invest ₹100 cr, hire 1,000 tech experts
NEW DELHI: PWC India on Monday said it will invest ₹100 crore on development of digital solutions and expects to hire 1,000 digital technology experts over the next three years. The move is aimed at strengthening capabilities to deliver tech solutions that will help clients address real-world business challenges, it said in a statement. This will be in addition to ongoing investments towards innovation, digital R&D and talent for building new tech-enabled solutions, it added.
Gold rises by ₹80 on buying ahead of wedding season
NEW DELHI: Gold prices recovered by ₹80 to ₹32,150 per 10 gram at the bullion market on Monday on revival of buying by jewellers to meet wedding season demand even as the precious metal weakened overseas. Silver too ended higher by ₹150 at ₹38,150 per kg. Bullion traders attributed the rally in gold prices to fresh purchases by jewellers triggered by the wedding season demand. However, a weak trend overseas capped the gains.