Grasim Industries reports 39% net profit growth to ₹3,846 crore in Q1 of FY27

Pharmaceutical company Wockhardt Ltd announced on Monday a consolidated net profit after tax of INR 107 crore for the first quarter ending June 30. This growth was driven by a significant increase in revenue.

According to the report, the company had previously recorded a consolidated net loss of INR 108 crore for the same period last fiscal year. In the current first quarter, consolidated operating revenue reached INR 929 crore, compared to INR 738 crore a year earlier.

The company also noted that total expenses in the quarter under review amounted to INR 844 crore, which is higher than the figure of INR 770 crore for the previous year's period.

The State Bank of India (SBI), the country's largest lender, announced a 13.73 percent increase in consolidated net profit for the June quarter, reaching INR 24,113 crore.

Previously, the bank recorded a net profit of INR 21,201.47 crore for the year and INR 19,642.87 crore in the previous March quarter.

According to regulatory filings, on an individual basis, the bank's net profit increased by 10.23 percent compared to last year, amounting to INR 21,121.22 crore, compared to INR 19,160.44 crore for the period April-June 2025.

Total income grew to INR 1.43 trillion from INR 1.35 trillion a year earlier, while total expenses increased to INR 1.10 trillion compared to INR 1.04 trillion.

Provisions for bad assets decreased to INR 3,359 crore in the June quarter, down from INR 4,934 crore a year ago, but they were higher than INR 3,140 crore in the preceding quarter.

The gross non-performing asset ratio improved to 1.47 percent as of June 30, 2026, up from 1.49 percent at the end of March and 1.83 percent a year earlier.

The bank's overall capital adequacy ratio stood at 15.67 percent as of June 30, including a base buffer of 12.89 percent.

SBI shares traded on the BSE with a gain of 2.13 percent at a price of INR 1,108.

FSN E-Commerce Ventures, the parent company of cosmetics retailer Nykaa, demonstrated significant growth in net profit, which increased by 3.3 times to reach INR 79.76 crore in the first quarter of fiscal year 27. This figure is higher than INR 24.47 crore for the same period last year. Meanwhile, the sequential growth in net profit was 1.2 percent.

The company's operating revenue grew by 29 percent year-over-year (YoY), reaching INR 2,782 crore in the first quarter of FY27, compared to INR 2,154.9 crore the previous year. In the last quarter of FY26, revenue stood at INR 2,648.1 crore.

Annual expenses also rose by 25.5 percent, totaling INR 2,662.15 crore. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the quarter increased by 68 percent compared to last year, reaching INR 236 crore, with the margin expanding to 8.5 percent in the first quarter of FY27.

Falguni Nayar, Executive Chairperson, Founder, and CEO of Nykaa, noted that the current quarter marked a further acceleration in growth rates and EBITDA margins, which reached the highest levels in the last 12 quarters. The platform introduced new interesting brands such as Rare Beauty, one of the largest global celebrity brands, which is already among Nykaa's top five premium brands, as well as SK-II, a high-efficacy Japanese brand, and Judydoll, one of the first Chinese cosmetic brands showing strong early consumer interest.

The Gross Merchandise Value (GMV) in the company's beauty vertical grew by 28 percent compared to last year, reaching INR 4,105 crore, thanks to deeper penetration and premiumization. The company stated that this includes figures from e-commerce business, retail stores, eB2B distribution, and the House of Nykaa Beauty portfolio.

The company's quick commerce vertical, Nykaa Now, expanded to 13 cities and plans to cover more than 25 cities by the end of FY27. At the same time, GMV in the fashion segment increased by 53 percent compared to last year, reaching INR 1,471 crore. Currently, Nykaa has an offline presence in 324 stores across 105 cities; previously, the company added 76 new stores in FY26, which was its highest figure.

House of Nykaa achieved an annual GMV of INR 3,760 crore, representing a 39 percent growth compared to last year. The company is also expanding its presence in premium skincare through the acquisition of a 51% stake in the direct-to-consumer brand Aminu Wellness for INR 32 crore. Aminu's revenue for FY26 was INR 19.44 crore. According to the company, the remaining 49% stake will be acquired over the next few years according to the terms outlined in the deal documents.

The company's business distribution channel, Superstore by Nykaa, currently serves about 523,000 retailers in over 1,200 cities. Growth in business orders was 11 percent compared to last year, driven by the expansion of the retailer network.

The company also announced the acquisition of a controlling stake (51 percent) in Aminu, a premium dermocosmetic skincare brand. The brand was founded in 2019 by Prachi Bhandari, a clinical cosmetologist and aesthetician, and Aman Mohunte, co-founder and business head. Since its inception, the brand has been self-funded, has grown eightfold in the last three years, and is now profitable.