CHENNAI/BENGALURU, July 26 (Reuters) – India’s Tata Consumer Products (TACN.NS) reported a smaller-than-expected 24% rise in first-quarter profit on Wednesday, as mounting expenses outpaced higher sales of its eponymous packaged food and beverages. The Kolkata, West Bengal-based company said its consolidated net profit rose to 3.17 billion Indian rupees ($38.66 …
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BENGALURU, July 26 (Reuters) – India’s Tech Mahindra (TEML.NS) on Wednesday posted a surprise 39% drop in first-quarter profit, as challenging macroeconomic conditions prompted clients to curb spending. The company’s consolidated net profit fell to 6.93 billion rupees ($84.5 million) for the quarter ended June 30. Analysts were expecting profit …
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[1/2]Colgate toothpaste is pictured on sale at a grocery store in Pasadena, California January 30, 2014. REUTERS/Mario Anzuoni/File photo BENGALURU, July 26 (Reuters) – Toothpaste maker Colgate-Palmolive (India)’s (COLG.NS) quarterly profit rose 30.5% on Wednesday, aided by improved domestic demand. Net profit roseto 2.74 billion rupees ($33.40 million) for the …
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BENGALURU, July 26 (Reuters) – GlaxoSmithKline Pharmaceuticals (GLAX.NS), the Indian unit of UK’s GSK plc (GSK.L), posted an 11% rise in first-quarter profit on Wednesday, buoyed by strong demand for its vaccines. The firm said consolidated profit for the quarter ended June 30 rose to 1.32 billion rupees ($16.10 million) …
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BENGALURU/CHENNAI, July 27 (Reuters) – Westlife Foodworld (WEST.NS) reported a smaller-than-expected rise in first-quarter profit on Thursday as higher expenses took the shine off increased sales at the operator of McDonald’s (MCD.N) restaurants in West and South India. The franchisee for the U.S. fast-food chain said consolidated net profit after …
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BENGALURU, July 27 (Reuters) – New Delhi Television Ltd (NDTV) (NDTV.NS), part of the Adani Group, posted a loss for the first quarter on Thursday, as Indian broadcasters remain pressured by a weak advertising environment. NDTV reported a consolidated net loss of 81.3 million rupees ($991,568.62) for the quarter ended …
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