Stock Corner
1.
Textile and
apparel player Arvind Ltd today reported 13.32 per cent increase in
consolidated net profit to Rs 64.31 crore for the first quarter ended June 30,
2018-19. The company had posted a net profit of Rs 56.75 crore in the
April-June quarter of 2017-18. Its
total income during the quarter under review stood at Rs 2,874.59 crore. It was
Rs 2,608.28 crore in the year-ago quarter.
2.
Marksans
Pharma started off the financial year 2018-19 on a healthy note as consolidated
net profit during the quarter grew sharply by 72.6 percent to Rs 24.9 crore,
backed by operational growth and stable revenue. Revenue from operations in Q1
increased 6.4 percent to Rs 235.3 crore YoY on growth across the board.
3.
Biscuit
manufacturer Britannia Industries has reported June quarter consolidated profit
growth of 19.4 percent year-on-year to Rs 258.1 crore with double digit volume
growth. Profit in the first quarter of last year was at Rs 216.1 crore. Cost
efficiency program and endeavour to leverage fixed costs have helped to improve
profitability.
4.
Hindustan
Unilever (HUL) signed an agreement with Vijaykant Dairy and Food Products
Limited (VDFPL) and its group company to acquire its ice cream and frozen
desserts business. VDFPL’s ice cream and frozen segment consists of its flagship
brand Adityaa Milk including the front end distribution network across
geographies. The acquisition amount is not disclosed.
5.
On August
03, 2018, Supreme Court of India has passed an order removing all
uncertainties, and given a clear direction that RCOM’s asset sales covering
spectrum, fiber, telecom towers, MCNs and certain real estate assets, for an
aggregate value of ~Rs25,000cr may now proceed, as per the BSE filing.
Missed call
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