The company had recently announced its new store opening strategy for every Navratri. The company's total number of stores now stands at 43.
Capital gains tax, Chinese stimulus could change the narrative for Indian equities. He says the rally in the first quarter of FY25 could be led by banks, IT and metals.
Mahindra & Mahindra reported 98 percent surge in standalone net profit at Rs 2,774 crore for the quarter ended June 30, 2023. The automajor had reported a net profit of Rs 1,404 crore in the year-ago period. The automobile major was predicted to post a 27 percent year-on-year (YoY) rise on the back of robust growth in vehicle sales during the said quarter. M&M was expected to report a net profit of Rs 1,865 crore in Q1 as compared with the Rs 1,471 crore profit reported in the year-ago period. Watch their presser live on Moneycontrol.
VC & MD N Srinivasan sees the price, and not availability, of coal as a major issue, going forward.
Cera Sanitaryware posted a net profit of Rs 11.18 crore in the quarter ended June 30,2013 against Rs 9.24 crore for the same period in the previous fiscal.