Page 5 - Sales

IL&FS recovers Rs 33.28 cr via sale of assets, including luxury cars

Infrastructure Leasing and Financial Services (IL&FS) Tuesday said it has recovered Rs 33.28 crore through the sale of various vehicles, including luxury cars, and moveable fixed assets. The identification of these assets started in December 2018 and auctions were conducted in various phases, the group said. It had identified a total of 38 luxury vehicles within the group, which had a purchase price value of Rs 25 lakh and above, a release said. Of these, 34 vehicles were sold and two were surrendered to the leasing company, it said. "The sale (of luxury vehicles) was conducted via public auction and an amount of Rs 7.33 crore was realized," IL&FS said. Two luxury vehicles continue to remain within the group due to loans created on them and could not be sold. The group said 20 other vehicles (cars, two-wheelers, and project vehicles) of various makes were also identified and sold for Rs 65.33 lakh, with the amount duly realised. It also recovered Rs 25.30 crore through auction

Barbeque Nation net loss narrows to Rs 43.85 cr in June quarter

The company had posted a Rs 60.45 crore loss in the corresponding period a year ago and its revenue from operations stood at Rs 101.97 crore.

Dabur posts 28% rise in Q1 profit for Rs 438.30 cr on healthy sales growth

The company had posted a net profit of Rs 341.30 crore in the April-June quarter a year ago, Dabur India said in a BSE filing.

Emami Q1 profit soars nearly two-folds to Rs 77.79 cr on robust sales

Homegrown FMCG major Emami Ltd reported a nearly two-fold jump in consolidated profit after tax to Rs 77.79 crore in first quarter driven by robust sales amid disruptions due to Covid second wave.

Volume recovery, margin expansion hopes drive gains for TVS Motor

Robust export sales, higher investment in electric vehicles are positives

Nestle India Q2 PAT up 11% to Rs 539 cr, sales up 14%

Steep commodity inflation impacted margins; while staff benefit expenses remained stable, total expenses grew 14% as other operating expenses surged too

Big miss for Maruti Suzuki as Q1 net profit comes in at Rs 441 crore

Weak volumes, commodity costs weigh on margins

Outlook positive for DLF after strong Q1 performance despite lockdown

While residential portfolio is strong, commercial assets may take time to recover

UltraTech Cement Q1 profit grows two-folds to Rs 1,700 cr; net sales up 54%

Aditya Birla group firm UltraTech Cement Ltd reported over two-fold jump in its consolidated net profit to Rs 1,700 crore in first quarter, helped by volume growth, increased operational efficiencies.

Mi India logs Rs 1,000 cr in sales during 7th Mi anniversary sale

Mi India on Thursday announced that it registered sales worth Rs 1,000 crore across categories during the Mi 7th anniversary sale from July 12-July 16 in the country.

Renewed restrictions to hit sales in India in Q2 this year, says Unilever

Anglo-Dutch FMCG major Unilever on Thursday said the second wave of the coronavirus pandemic and subsequent restrictions in India impacted its sales in the country.

Johnson & Johnson forecasts $2.5 bn in Covid-19 vaccine sales this year

(Reuters) - Johnson & Johnson on Wednesday forecast just $2.5 billion in 2021 sales of its COVID-19 vaccine, which has fallen way behind rival shots from Pfizer and Moderna as the company deals with vaccine production issues and safety concerns.

Demand recovery, buoyant exports to aid strong growth for tile makers

Improving product mix to boost realisations; while sales growth was impacted in the June quarter, there has been a recovery led by non-metro markets

Soaring digital thermometer import shows Covid-19 pandemic reading

Imports of outdoor sports equipment, handbags for women, and dentures, among others, plummeted

Cadila arm completes sale of animal health business for Rs 2,921 crore

Cadila Healthcare on Thursday said its wholly-owned subsidiary Zydus Animal Health and Investment has completed sale of its animal healthcare established markets

Railways' earnings from platform ticket sales take a severe hit, dip by 94%

The railways' earnings from platform tickets took a severe hit in FY 21 with revenue from sale dipping by about 94 per cent as compared to the previous year due to coronavirus crisis, a RTI has found

Fundamentals of demand remains strong: Y S Guleria of Honda Motorcycle

The head of sales at HMSI says with Covid-19 cases declining, good monsoon and bumper harvest, the sector might recover soon

Words Ron Earley lives by: Actions Speak Louder Than Words

.

Near-term headwinds could reverse United Spirits growth trajectory

Margin expansion, debt reduction and higher premium segment sales may offer some support to the stock

P&G raises full-year profit, sales forecast due to sales surge amid Covid

(Reuters) - Procter & Gamble Co raised its full-year sales forecast on Tuesday as the consumer products giant benefited from a surge in demand for Bounty paper towels, Tide detergent and other cleaning supplies due to the COVID-19 pandemic.