Tue, Feb 27, 2024 12:56 PM
Picturehouse Consolidated December 2023 Net Sales at Rs 0.01 crore
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The Q2 earnings season for India Inc has shown signs of weakness, with downgrades outnumbering upgrades. Nifty companies reported a 4 percent on year profit growth in Q2, extending its streak for single-digit bottomline growth to the second successive quarter, a first since the pandemic. Incremental growth was driven by five companies--SBI, Hindalco, ONGC, ICICI Bank, and Axis Bank.
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Zepto's cash burn has exceeded over ₹250 crore per month for the last two months amid rising competition in the quick commerce space, reported the news portal Moneycontrol. Zepto's rise in cash burn comes amid the company closing an investment round raising ₹2,500 crore of funding from Indian High net-worth individuals as it aims to build a war chest to compete with rivals and gain market share.
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