Page 4 - Company News

Maersk raises 2026 outlook again as Q2 profit surges to $3 billion

Maersk's second-quarter profit before interest, taxes, depreciation and amortisation stood at $3.0 ‌billion, well above a median forecast of $2.12 billion in a company-provided poll

Brigade Enterprises Q1 profit rises 33% on higher realisations, lower costs

Brigade Enterprises' average realisation rose 21 per cent YoY to Rs 14,256 per sq ft, while total expenses declined 17.75 per cent to Rs 936.51 crore in Q1 FY27.

Ride-hailing app Rapido gets Karnataka licence for cab services till 2031

Over the years, Rapido has built a presence across 21 cities in the state, supporting over 3.14 lakh captains and serving more than 2.04 crore registered customers.

Jubilant Foodworks Q1 net profit up 6% to ₹100 cr, revenue up 14%

Jubilant Foodworks Ltd (JFL), which operates fast-food chains Domino's Pizza and Popeyes, on Thursday reported an increase of 6 per cent in its consolidated net profit to Rs 100 crore for the June quarter of FY'27, on a year-on-year basis. The company had reported a net profit of Rs 94.33 crore for the April-June period a year ago, according to a regulatory filing by JFL, part of the Jubilant Bhartia Group. Revenue from the operation of JFL was up 14 per cent to Rs 2,569.65 crore in the June quarter of FY'27. It was Rs 2,252.18 crore in the corresponding quarter a year ago. Its EBITDA grew 10.2 per cent year-on-year to Rs 360 crore. "Domino's India delivered 6.5 per cent order growth and 2.5 per cent LFL growth despite cycling a strong 11.6 per cent LFL growth in the same quarter last year," it said. Domino's India's Revenue grew 7.4 per cent to Rs 1,764.6 crore in the June quarter. "The Domino's India store network reached 540 cities, while expanding to 19 new cities during the .

JSW Cement Q1 net profit at ₹161 cr, revenue up 22% on demand, price hikes

India's JSW Cement reported a first-quarter profit on Thursday, as healthy demand and price hikes helped offset ​cost pressure.

Murugappa's Montra Electric goes global, enters Nepal, Tanzania, W-Africa

The Murugappa Group's green mobility brand has begun exports of its Super Auto to Nepal and Tanzania and secured orders across West Africa as it targets high-growth EV markets.

Tata Motors Passenger Vehicles Q1 net profit plunges 78.54% to ₹859 cr

Tata Motors Passenger Vehicles on Thursday reported a 78.54 per cent decline in net profit to Rs 859 crore in the June quarter amid supply chain headwinds and persistent commodity pressure. The company had posted a net profit of Rs 4,003 crore in Q1FY26, according to a statement. Total revenue from operations for the reporting quarter, however, rose 9 per cent year-on-year to Rs 95,799 crore from Rs 87,677 crore in the first quarter of the preceding fiscal. During the quarter under review, JLR wholesales dropped 9.2 per cent year-on-year on account of temporary supply constraints, including a fire at a key component supplier, West Asia conflict and planned Jaguar wind-down, the company said. In addition to the impact of reduced volumes, JLR's YoY profitability was impacted as VMEs continued to remain elevated, partially offset by favourable structural costs. The domestic business delivered a strong revenue growth of 65 per cent YoY. However, elevated commodities and Forex moderate

China's Lenovo Q1 results: Revenue jumps 43% to $26.94 billion on AI boom

Lenovo's revenue rose to $26.94 billion in the three months ended June 30, beating analyst expectations of $22.3 billion, as the consumer electronics hardware giant benefited from AI demand

Honasa Consumer Q1 profit more than doubles to ₹90.4 cr, revenue up 27%

Honasa Consumer Ltd on Thursday reported a more than two-fold jump in consolidated net profit to Rs 90.45 crore for the June quarter of FY27, driven by growth in its core brands. The owner of beauty and personal care brands such as Mamaearth and The Derma Co, reported a net profit of Rs 41.32 crore in the April-June period a year ago, according to a regulatory filing. Honasa Consumer's revenue from operations increased 27 per cent year-on-year to Rs 755.94 crore in the June quarter of FY27, compared to Rs 595.25 crore in the corresponding period of FY26. Total expenses stood at Rs 659.27 crore, up 17 per cent YoY, in the quarter under review. Honasa Consumer's total income increased 25.73 per cent to Rs 778.45 crore. "We delivered our highest-ever quarterly revenue and profit, with Ebitda more than doubling to Rs 110 crore. What stands out for us is that this growth is coming from both our core and younger brands. Our Focus Categories grew 35%+, and we are seeing stronger demand .

1 in every 7 Swiggy food orders placed from 99 Store's curated offering

Launched in July 2025, 99 Store is a curated in-app offering that caters to value-conscious customers.

Tata Trusts to set up Selection Committee to pick Chandra's successor

The development follows Chandrasekaran's decision, communicated to the Tata Sons board on Wednesday, not to offer himself for another term as chairman.

Horizon Industrial Parks eyes next growth phase with ₹2,600 crore IPO

The Blackstone-backed industrial and logistics platform plans to use the fresh issue to reduce debt and support the development of its 33-million-square-foot pipeline.

Tata group hit by earnings slowdown, mcap decline in last two years

Tata companies' combined adjusted profit rose just 1.2% in FY26, while their combined market capitalisation fell 16.9%, underperforming the Nifty 50.

Chandrasekaran's exit brings 158-yr-old empire at a governance crossroads

While many business groups in India follow a trust structure, experts said it works as long as the promoter, the board and professional management are on the same page

Indel Money to raise up to ₹500 crore through public issue of NCDs

Indel Money, a non-deposit taking non-banking finance company, on Wednesday said it proposes to raise up to Rs 500 crore through public issue of non-convertible debentures (NCDs) of face value of Rs 1,000 each. The issue opens on August 18 and closes on August 31 with an option of early closure, subject to relevant approvals, Indel Money said in a statement. Investors may make one or more applications for the NCDs, subject to a minimum application size of Rs 10,000 across all series collectively and in multiples of Rs 1,000 thereafter, it said. The public issue comprises a base issue of Rs 250 crore, with an option to retain oversubscription of similar amount aggregating an overall issue size of up to Rs 500 crore. The net proceeds of the issue will be utilised for onward lending, financing or refinancing of existing debt and/or debt servicing, including payment of interest and/or repayment or prepayment of interest and principal of existing borrowings of the company, and for gener

Cellecor aims for Rs 2K crore revenue in FY27, says co-founder Ravi Agarwal

The company is expanding its home and kitchen appliances business and plans to begin production at its Liberia plant by December before widening exports across Africa

Julius Baer leases 74,037 sq ft office in Mumbai for India GCC operations

The Swiss private bank's India arm has taken the Andheri East property on a 60-month lease, with a total rental outgo of Rs 102.6 crore and annual escalation of 5 per cent.

Reliance Brands signs pact to launch Fabletics activewear brand in India

The global activewear label will debut online before opening stores in New Delhi and Mumbai, offering women's and men's ranges under its partnership with Reliance Brands.

Uber expands into 100 more Indian cities, deepens push beyond major metros

The bike-taxi-led rollout spans 18 states and one Union Territory, taking Uber to 225 cities as it challenges Rapido and Ola in India's fast-growing smaller markets.

Taiwan's Foxconn reports 35% rise in Q2 profit on AI demand, beats forecast

Foxconn expects its capital expenditure to continue growing and forecasts a 30 per cent increase in 2026 from a year earlier.