Page 3 - Sales

Pizza Hut India operator 'cautious' on expansion after 20% sales slump

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

Vyapar Revolutionizes Retail with V-POS: The Ultimate Point of Sale Solution

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China's Country Garden signals default, hires advisers as sales plunge

Country Garden, which has become a symbol of China's property debt crisis, said that it had not made a due payment in the amount of HK$470 million ($60 million) under certain of its indebtedness

AI, cloud services disrupting retail industry: Experts at Walmart event

Today's consumers expect options in products, pricing, payments and delivery, and technology powers transformations across each

Vizag Steel Plant logs highest monthly sales of value-added steel in Aug

Rashtriya Ispat Nigam Ltd (RINL) or Vizag Steel Plant logged its best ever monthly sales of value-added steel products in August since inception at 1.57 lakh tonne, said an official on Saturday. In August, the steel plant sold 99,000 tonne of rounds (steel variety), which is the best ever sales milestone for this variety, and also logged similar performances in the sale of wire rod coils (79,000 tonne), rebars (2 lakh tonne) and structurals (46,000 tonne). "The sales volume of 1,57,000 tonne of value-added steel achieved in August 2023 by RINL is the best ever monthly sales of value-added steel sales for any month since inception," said the official in a press release. Including value-added steel products, Vizag Steel Plant achieved overall sales of Rs 2,502 crore in August 2023, which is 39 per cent higher than Rs 1,806 crore logged in the corresponding period last year. Besides August highlights, the steel plant located in the port city of Visakhapatnam achieved the highest ...

Samsonite grows 40% in H1 2023, eyes Rs 3,600 crore sales by December

Premium luggage manufacturer Samsonite has grown close to 40 per cent in the first half of 2023 and it aims to touch Rs 3,600 crore sales by December, a top company official has said. Samsonite, having 35 per cent share in the Rs 15,000-crore domestic organised luggage market, leads the premium segment with its various products labelled with the original name as well as under the brand of American Tourister. While its recent addition of Kamiliant brand competes with Safari and VIP in the value segment, American Tourister is positioned between Samsonite and Kamliant as a mass-premium brand. The company said it gets 20-25 per cent business from premium segment where it faces little competition. Founded by Jesse Shwayder in 1910 in Colorado, Denver, the American parent Samsonite International is traded on the Hong Kong exchange which earlier in the day reported a USD 1.04 billion in gross profit for the first six months of 2023, up 47.5 per cent on-year. Its revenue climbed 44.5 per

Mercedes-Benz drives in new SUV GLC in India, eyes double-digit sales

Luxury auto maker Mercedes-Benz on Wednesday launched the latest version of its premium SUV GLC in India with price starting at Rs 73.5 lakh (ex-showroom). The second generation GLC comes with petrol and diesel power trains tagged at Rs 73.5 lakh and Rs 74.5 lakh, respectively. The auto maker said the company has received over 1,500 bookings for the model since the start of the booking process. In an interaction with PTI, Mercedes-Benz India Vice-President (Sales and Marketing) Lance Bennett said the company is looking at a double-digit sales growth this year with GLC sales expected to account for 15 per cent of the company's total sales. "We've got some really good demand in the first couple of weeks of order taking. The GLC is a very important product for us," he said. Bennett said Mercedes-Benz has sold over 13,000 units of the previous generation GLC in India and expects robust demand for the new GLC as well. Locally assembled at the company's manufacturing plant at Chakan in

Chemicals & polymers firm SRF posts 41% fall in profit on lower sales

Revenue for the company's packaging films business, which constitutes 32.8% of total revenue, fell 26.8%, while the chemicals segment's revenue, which comprises 49.7%, fell 3.6%

Chemicals & polymers firm SRF posts 41% fall in profit on lower sales

Revenue for the company's packaging films business, which constitutes 32.8% of total revenue, fell 26.8%, while the chemicals segment's revenue, which comprises 49.7%, fell 3.6%

Macrotech Developers Q1 bookings up 17% at Rs 3,350 cr; adds 5 new projects

Realty firm Macrotech Developers has reported a 17 per cent increase in sales bookings at Rs 3,350 crore in the first quarter of this fiscal and added five new land parcels to develop projects with sales potential of around Rs 12,000 crore. Macrotech Developers, which sells properties under the Lodha brand, had sold properties worth Rs 2,860 crore in the year-ago period. In a regulatory filing, Macrotech Developers informed that the company achieved its best-ever first quarter pre-sales performance at Rs 33.5 billion (Rs 3,350 crore) showing a growth of 17 per cent on a year-on-year basis. The company also announced the addition of five new projects with GDV (gross development value) potential of around Rs 12,000 crore across different micro-markets. Abhishek Lodha, MD & CEO of Macrotech Developers, said, "with a strong start for the year, the performance achieved is in line with our guidance of 20 per cent pre-sales growth for FY24." The demand conditions remain robust with a ...

Zuckerberg's fortune jumps $10 bn on Meta's robust first-quarter sales

Meta shares rose 14% after the earnings report, lifting Zuckerberg's fortune to $87.3 billion

The Importance of Salesforce Training for Sales Teams

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Tata Housing net sales bookings rise 40% in FY23 on strong demand

Tata Housing, a subsidiary of Tata Sons, on Wednesday said its net sales bookings grew by 40 per cent during the last fiscal year on a strong demand for residential properties in its projects. The company did not disclose the sales bookings value for the 2022-23 fiscal. In a statement, Tata Housing said it has achieved the highest-ever annual residential sales. "Owing to positive consumer sentiments and a strong business proposition, Tata Housing witnessed an exponential demand from North, West, South & East markets...," the company said in a statement. Sanjay Dutt, MD & CEO of Tata Realty & Infrastructure Ltd, said, "We have a strong foothold in the realty market and are actively capitalising on the latest consumer sentiments." "Trends like the rise in millennial home-buying sentiments as well as the surge in NRIs and HNIs investing in the residential segment have allowed us to leverage our diverse portfolio offering homes with an array of residential solutions to a wide

Prestige Estates sales bookings rise 25% to Rs 12,930 cr in FY23

Realty firm Prestige Estates on Wednesday said its sales bookings rose by 25 per cent to a record Rs 12,930.9 crore in the last fiscal year on strong housing demand. In a regulatory filing, the Bengaluru-based firm said, "During the fiscal year FY23, the group registered record-breaking highest sales of Rs 12,930.9 crore (up by 25 per cent year-on-year) and highest ever collections of Rs 9,805.5 crore (up by 31 per cent y-o-y)." Sales bookings stood at 15.09 million square feet with an average realization of Rs 8,812 per sq ft (up by 17 per cent year-on-year) for apartments/ villas/ commercial sales and average realization of Rs 4,124 per square feet (down 2 per cent y-o-y) for plot sales. The group sold more than 9,600 homes in FY23 spanning over 15 million square feet area. During the last fiscal, the new launches totalled 26.38 million square feet up by 57 per cent annually. The total completions during the last fiscal year stood at 15.68 million square feet, up by 10 per cent

Godrej Properties shares zoom 9% after record sales booking in FY23

Shares of Godrej Properties on Monday surged 9 per cent after the company said its sales booking rose 56 per cent last fiscal to an all-time high of Rs 12,232 crore on strong demand for residential properties. The stock jumped 9.06 per cent to finish at Rs 1,227.25 apiece on the BSE. During the day, it rallied 9.81 per cent to Rs 1,235.70. On the NSE, it climbed 8.63 per cent to settle at Rs 1,222.55 per share. In a regulatory filing, Godrej Properties informed that the company achieved its highest-ever sales bookings in the fourth quarter as well as the entire 2022-23 financial year. In the fourth quarter, the company clocked sales bookings of Rs 4,051 crore. Its sales bookings stood at Rs 7,861 crore in 2021-22. When contacted, Godrej Properties Executive Chairman Pirojsha Godrej said: "The reason we were able to deliver strong growth in FY23 is that we had a strong portfolio of projects across the country." "For the first time, we sold over Rs 2,000 crore of real estate in each

D-Mart's revenue up by 20.1% to Rs 10,337.12 cr in quarter ending March

The Damani family-promoted retailer had reported a revenue of Rs 8,606.09 crore in the January-March quarter last fiscal, said a regulatory filing from Avenue Supermarts

At 23,926 units, Ashok Leyland reports 19% rise in sales in March 2023

Hinduja Group flagship Ashok Leyland has reported a 19 per cent rise in its sales in domestic and overseas markets at 23,926 units, the company said on Monday. The city-based heavy commercial vehicle maker had sold 20,123 units in the corresponding month of last year. Cumulative sales made by the auto major till March 2023 grew by 50 per cent to 1,92,205 units from 1,28,326 units sold in the corresponding period of last year, Ashok Leyland said in a statement. Total sales of medium, heavy and light commercial vehicles sold in March in the domestic market grew by 23 per cent to 22,885 units from 18,556 units sold in the same month of last year. Cumulative sales of medium, heavy and light commercial vehicles till March in the domestic market grew by 54 per cent to 1,80,916 units from 1,17,312 units made last year, the company said.

FMCG, dairy firms betting on strong double-digit sales growth in summer

Demand for ice creams and cold beverages like Cola have surged because of the onset of early summer and sales are likely to grow in strong double-digits this season, according to top executives of FMCG and dairy firms. The summer season will also get a tailwind in the form of an abatement of the pandemic with increased consumer mobility. This will also help the out-of-home (OOH) segment, where the companies expect a sharp rise in sales after a slump of two years. Companies are ready with new and innovative offerings anticipating strong demand for their products this season and have started building inventory. Mother Dairy, one of the leading sellers of milk, dairy beverage products and Ice creams, said it is already "witnessing a surge in demand" with rising temperature and expects the trend to continue in the coming days. "In line with the same, we have already beefed up our value-chain to cater to any surge in demand across channels. "For a category like ice creams, which is a

No slowdown in FY24 tractor sales even if El Nino hits: John Deere's Jagtap

The India head of the US farm equipment firm feels overall tractor sales might see a slight dip in FY23, after a good FY22

Mahindra & Mahindra Q3 PAT climbs 14% to 1,528 crore on robust sales

Mahindra & Mahindra (M&M) on Friday reported a 14 per cent rise in its profit after tax (PAT) to Rs 1,528 crore for the third quarter ended December 2022, driven by robust sales. The Mumbai-based automaker had reported a net profit of Rs 1,335 crore for the October-December period of the previous fiscal. Its revenue surged 41 per cent to Rs 21,654 crore for the third quarter compared to Rs 15,349 crore in the year-ago period. The company said it has sold a total of 1,76,094 vehicles during the period under review, up 45 per cent from 1,21,167 units a year ago. Tractor sales rose 14 per cent to 1,04,850 units in the third quarter against 91,769 units in the same quarter of the last fiscal. "We have had another robust quarter led by the robust performance of our Auto division. Our farm division also reported healthy growth with increased market share. Our capital allocation actions are continuing to show results and we remain committed to our journey of growth and returns," ...