Sales Drop

Analysts largely agree that the toothpaste major's volumes and revenue were hit by a 'double whammy' of GST rate cuts and intensifying competition, with limited signs of a near-term recovery.

Hyundai Motor India on Tuesday said its total sales declined by 6 per cent year-on-year to 60,924 units in June. The company's total sales stood at 64,803 units in June last year, Hyundai Motor India Ltd (HMIL) said in a statement. The automaker said its dispatches to dealers in the domestic market declined 12 per cent to 44,024 units in June as compared with 50,103 units in the year-ago period. Exports stood at 16,900 units last month as against 14,700 units in June 2024. "In the domestic market, the geopolitical situation continued to affect the market sentiment," Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL said in a statement. As the company comes closer to the beginning of production at the Talegaon plant, it remains cautiously optimistic about a gradual recovery of demand, supported by a reduction in repo rates and improving liquidity on account of a cut in CRR, he added. "We are closely watching the global geopolitical scenario and are committed to ...

Domino's US delivery sales fell 1.5% in the March quarter as inflation-hit customers preferred to pick up orders to avoid extra fees; overall US sales dipped 0.5%

Shares of Sapphire slid as much as 8.8% post-results

The global workforce reductions are expected to affect 3,700 jobs - about half of the company.

NDTV survey finds 100% respondents blaming GST while 30% say even note ban effect has lingered on, affecting sales this Diwali