Page 7 - Sales

M&M total sales rise 11% in December to 39,157 units

Mahindra & Mahindra (M&M) on Saturday reported an 11 per cent increase in total sales at 39,157 units in December 2021. The company had sold 35,187 units in December 2020, M&M said in a statement. In the domestic market, passenger vehicle sales were up 10 per cent to 17,722 units last month, compared to 16,182 units in December 2020. In the commercial vehicles segment, the company sold 18,418 vehicles in the domestic market last month as against 16,795 units in December 2020, an increase of 10 per cent. Exports increased by 37 per cent to 3,017 units in December 2021 compared to 2,210 units in the year-ago month. "We have seen growth in business segments, including Passenger Vehicles, Commercial Vehicles and International Operations, owing to continued strong demand across the product portfolio," M&M Chief Executive Officer Automotive Division Veejay Nakra said. The issues around semiconductor-related parts continue to be a challenge for the industry and remains a ...

Hyundai expects to sustain double-digit sales growth in 2022 as well

Hyundai Motor India expects robust sales to continue in 2022 as well with various positive factors, like improvement in the availability of semiconductors, aiding the business growth.

Domestic growth trajectory in key areas to remain strong for Torrent Pharma

More gains for the stock will depend on the recovery in the US market

Maruti Suzuki total sales decline 9% YoY in Nov due to chip crisis

The car major is expecting an adverse impact on vehicle production in Haryana and Gujarat plants in Dec 2021 owing to electronic components supply constraint

Tata Motors domestic sales up 21% in Nov on better volumes across the board

Growth was led by passenger vehicles, whose sales jumped 32% even as most other manufacturers saw production take a hit due to ongoing chip shortage

Muted near-term margin outlook for Godrej Consumer, stock sheds 3.5%

Sales growth in Q2 came in line with estimates

Strides Pharma's revenue drops 8% to Rs 736 crore in Sept quarter

A muted sales performance accompanied with a drop in gross margins and relatively higher operating costs has led to a negative operating leverage in the first half of FY22

Peloton lowers forecast after pandemic sales' boom turns to bust

The grim outlook sent the stock tumbling as much as 30% to $60.12 in late trading. Even before the swoon, Peloton shares were down 43% this year.

Indian e-commerce sales could grow by up to 60%, hit $84 bn in CY21: study

EasyEcom report predicts 32-68% spike in festive season demand; electronics the top category in this space, with 34% share of GMV in CY2020, likely to hold fort going forward

UK's Tesco defies supply chain challenges to lift profit forecast

First-half core retail profit up 16.6% ; launches 500 mn pound share buyback

Walmart's Myntra to host biggest fashion sale event of festive season

Myntra expects over 1.1 million first-time shoppers to shop for their festive needs during the event.

Food aggregators see spike in number of user complaints: LocalCircles

Most complaints were about hygiene and quality. LocalCircles users complained of having received stale, expired or poorly packaged food when they ordered on aggregators' apps

Near term upsides for Aurobindo Pharma stock capped on weak US outlook

The company has been making small acquisitions to bridge the growth gap

AAR rules 18% GST on e-voucher traders, on plea by marketing services firm

Rules that e-vouchers are not an actionable claim, and are not exempt from GST. They attract 18% GST as they come under the residual category

India growth, steady margins are key to near-term upsides for Cipla

Over the medium term, success of the new launches in the US would drive gains

Godrej Properties posts Rs 17 cr profit in Q1; sales bookings down 68%

Total income rose to Rs 261.99 crore in the first quarter of this fiscal from Rs 195.66 crore in the corresponding period of the previous year.

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.