Representative Image Mumbai | New Delhi: Promoters of affordable luxury leather brand Da Milano Italia are looking to sell a significant stake in the company at an enterprise valuation of ₹1,500 crore, multiple people aware of the deals said. “The company is in talks with potential investors to dilute equity stake in the business,” said…
Representative image Textile manufacturer Arvind Ltd on Monday reported a 25.44 per cent decline in consolidated net profit at Rs 62.77 crore in the second quarter ended September 30, 2024 impacted by higher expenses and a one-time hit due to rise in provision for deferred tax. The company had posted a consolidated net profit of…
New Delhi: Luxury brand Jaipur Watch Company has forayed into women’s watches with the launch of its new collection ‘Brides of Jaipur.’ “We realised we were missing 50% of the market. This propelled our foray into the women’s segment,” commented Gaurav Mehta, Founder, Jaipur Watch Company. Mehta expects the new collection, with an average selling…
Representative image Mumbai: Trisu, a jewellery brand, has completed its first pre-seed funding round, led by early-stage venture capital firm All In Capital. JK Tyres, Amaanta Group, and angel investors Himanshu Aggarwal and Sumer Sethi also participated in the round. “With this funding, we aim to disrupt India’s $80 billion jewellery market with unique vermeil…
Apple’s expanding business in India has catalysed significant growth at Tata Electronics, propelling the homegrown company to a pivotal position within the global smartphone manufacturing industry. According to recent filings with the Registrar of Companies (RoC), as reported by The Economic Times, Tata Electronics witnessed an astounding ninefold increase in sales year-on-year, with revenues soaring…
New Delhi: Jewellery retailer PC Jeweller Ltd on Wednesday reported a consolidated net profit of Rs 156.06 crore for the first quarter ended June 30, compared to a net loss of Rs 171.62 crore a year earlier. The company’s revenue from operations surged to Rs 401.15 crore during the April-June quarter of this fiscal from…
New Delhi: Shoemaker Bata India, on Tuesday reported an increase of 62.84 per cent in its consolidated net profit at Rs 174.36 crore in the first quarter ended June 2024, helped by margin expansion and gains from sale of industrial land. It had posted a net profit of Rs 106.89 crore in the April-June period…
New Delhi: Leading jewellery retailer and watchmaker Titan on Friday reported a 5.42 per cent decline in its consolidated net profit to Rs 715 crore for the quarter ended on June 2024. The company posted a net profit of Rs 756 crore in the April-June quarter a year ago. However, its sales were up 12.64…
Indian clothing retailer Arvind posted a 40% fall in its first-quarter profit, as inflationary pressures weighed on consumer spending on apparels despite discounts. The company, which sells international brands like Tommy Hilfiger, Arrow and Calvin Klein, said its consolidated net profit fell to 393.1 million rupees ($4.7 million) from 658.7 million rupees a year earlier….
Italian fashion group Ermenegildo Zegna reported broadly flat second q Representative Image uarter organic revenue on Thursday as sales in the United States, Europe and Middle East helped offset a weaker quarter at its Thom Browne brand. Organic revenue totalled 497 million euros ($539 million) for the April-June quarter, down 0.4% from a year earlier….
