Ajanta Pharma's profit increased by 31% to 334 crore rupees due to strong sales in India and the USA

July 30, 13:00

Significant growth was noted in the branded generics segment in India, where revenue increased by 24 percent, reaching 509 crore rupees from 409 crore rupees in the previous year. Furthermore, revenue from generics in the USA showed an impressive jump of 57 percent, rising to 487 crore rupees compared to 310 crore rupees the year before.

business-standard.comJuly 30, 10:41

Gillette India's profit grew by 9.4% in the first quarter of fiscal year 2027 due to stable product demand

Gillette India, a personal hygiene product manufacturer, announced on Thursday a 9.4% increase in profit for the first quarter, driven by steady demand for its personal care products.

First Quarter Financial Results

The company, a division of the major American consumer goods producer Procter & Gamble, reported a net profit of 159 crore rupees ($16.61 million USD), surpassing the previous year's figure of 146 crore rupees. The company's revenue increased by 10.8%, reaching 783 crore rupees.

Business Segment Growth

The main driver of growth was the personal care segment, which showed an increase of almost 9%. This segment accounts for over 80% of total revenue. Additionally, the smaller oral care segment showed an increase of almost 19%.

Expenses and Market Reaction

Despite the positive results, the company's expenses rose by 10.9% due to increased raw material costs. Following the release of the results, the company's shares fell by 2.8% before stabilizing and trading at a 2% decrease.

business-standard.comJuly 20, 12:15

Indian Overseas Bank's net profit grew by 49% to 1,659 crore rupees in the first quarter

The public sector lender Indian Overseas Bank (IOB) reported a significant increase in net profit of 49.3 percent year-on-year on Monday. Over the three months ending in June 2026, the bank earned 1,659 crore rupees, which was attributed to an improvement in asset quality.

Quarterly Financial Performance

In the same quarter last year, the bank had recorded a net profit of 1,111 crore rupees. According to the report submitted to the stock exchange system, total income for the period from April to June increased to 10,938 crore rupees compared to 8,866.47 crore rupees the previous year.

Improvement in Asset Quality

The bank's asset quality showed positive momentum. The Gross Non-Performing Assets (GNPA) ratio decreased to 1.33 percent for the June quarter of fiscal year 27, down from 1.97 percent the previous year. Similarly, Net NPA reduced to 0.18 percent from the previous 0.32 percent.

Other Details and Market Reaction

Furthermore, provisions amounted to 834 crore rupees in the quarter under review, which remained almost unchanged compared to 844 crore rupees the previous year, although this is less than the 1,006 crore rupees recorded in the March quarter. At the time of afternoon trading, IOB shares were trading 4.11 percent higher on the BSE, reaching the mark of 35.2 rupees.

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