Britannia Q3 results: Consolidated PAT plunges 40% to Rs 556 crore
Tue, Feb 6, 2024 9:37 PM

Britannia Q3 results: Consolidated PAT plunges 40% to Rs 556 crore

A Flip by Shubhangi Gupta
Get it on Google Play
Britannia Industries Ltd on February 6 reported a 40 percent fall in its consolidated net profit at Rs 556 crore for the quarter ended December 31, 2023. The company had reported a net profit of Rs 932 crore in the year-ago period.The numbers marginally miss Street estimates as a poll of six brokerages predicted net profit at Rs 566 crore. Revenue from operations rose marginally to Rs 4,256 crore.

More great flips

Tata Motors expects PV retail sales to sustain momentum in Q3

Tata Motors expects PV retail sales to sustain momentum in Q3

Tata Motors expects passenger vehicle retail sales to maintain growth momentum in the ongoing quarter driven by year-end demand, with a focus on new model launches and marketing campaigns. The automaker saw a 32% year-on-year increase in PV retail sales in October, and aims to reach 70% electric vehicle penetration in the next two financial years.

Open Flip
Gold prices continue to drop amid a strong dollar and US inflation concerns

Gold prices continue to drop amid a strong dollar and US inflation concerns

Gold prices have experienced a significant decline of around 6% since Diwali, driven by a stronger dollar and concerns over US inflation data. The price of 24-carat gold per 10 grams, which was Rs 80,710 on November 1, fell to Rs 74,031 at the last closing. This sharp correction reflects the ongoing global economic pressures impacting commodity markets.

Open Flip
IT department warns: ‘Declare foreign assets or pay  ₹10 lakh penalty'

IT department warns: ‘Declare foreign assets or pay ₹10 lakh penalty'

The Income-Tax (I-T) department has today (November 17) launched a new campaign warning taxpayers of ₹10 lakh penalty if they fail to disclose foreign held assets or income earned from abroad in their ITR, according to a PTI report. The “compliance-cum-awareness campaign” aims to ensure that taxpayers report all information in their Income Tax Return (ITR) for assessment year (AY) 2024-25.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon