ITV

Category: Financials

  • Godrej Industries Q1 profit rises to Rs 725 cr on strong consolidated gains

    Godrej Industries Q1 profit rises to Rs 725 cr on strong consolidated gains

    MUMBAI: Godrej Industries’ June quarter numbers read like a mixed-genre script, a drama of losses on the standalone front, but a blockbuster on the consolidated stage. For Q1 FY26, the conglomerate clocked a consolidated net profit of Rs 725.35 crore, up from Rs 640.86 crore in the year-ago quarter and a sharp leap from Rs 416.13 crore in Q4 FY25. The earnings ride was powered by total income of Rs 5,718.97 crore, a 9 per cent rise year-on-year, buoyed by its FMCG, agri-business, chemicals, and real estate subsidiaries.

    Segmental muscle showed in the expense sheet too cost of materials consumed stood at Rs 2,420.69 crore, while purchases of stock-in-trade rose to Rs 143.79 crore. Inventory changes delivered a significant positive swing at Rs 3,349.68 crore (credit), compared with Rs 2,011.01 crore last year, cushioning the operating line.

    Finance costs came in at Rs 113.53 crore, with depreciation at Rs 576.29 crore. Profit before tax surged to Rs 1,058.56 crore from Rs 872.61 crore in Q1 FY25.

    However, on a standalone basis, it was a different story,  the company posted a net loss of Rs 29.98 crore, reversing from a Rs 105.26 crore profit a year earlier, hurt by higher input costs and flat revenue growth (Rs 1,018.29 crore versus Rs 986.45 crore in Q1 FY25).

    Margins on the consolidated level held strong, with operating margin at 8.90 per cent and net profit margin at 16.26 per cent, an improvement from last year’s 15.09 per cent. Earnings per share stood at Rs 10.37, more than double the Rs 5.44 posted in the March quarter.

    With a net worth of Rs 10,137.54 crore and debt-equity ratios steady (gross at 6.42), Godrej Industries appears well positioned for its next growth leg, even if the standalone arm needs a few scenes rewritten.

  • R K Swamy’s ad spend pays off with Q1 profit leap to Rs 287 lakh

    R K Swamy’s ad spend pays off with Q1 profit leap to Rs 287 lakh

    MUMBAI: R K Swamy seems to have found the right script for Q1, a plot with steady revenues, tighter expenses, and a profit scene worth watching. The integrated marketing services player posted a consolidated net profit of Rs 287.46 lakh for the quarter ended 30 June 2025, up from Rs 217.93 lakh in the year-ago period. Revenue from operations stood at Rs 7,756.79 lakh, with total income touching Rs 8,024.81 lakh, powered by Rs 268.02 lakh in other income.

    Operational expenses rose to Rs 2,494.25 lakh from Rs 2,173.20 lakh, while employee costs were slightly higher at Rs 3,182.71 lakh. Other expenses climbed to Rs 1,468.53 lakh. EBITDA came in at Rs 879.32 lakh, well ahead of the Rs 703.22 lakh posted last year, though below the March quarter’s Rs 1,972.21 lakh.

    Finance costs and depreciation stood at Rs 85.45 lakh and Rs 433.52 lakh respectively, leading to a profit before tax of Rs 360.35 lakh. Total tax expenses were Rs 72.89 lakh.

    The quarter also saw Rs 5,400 lakh of IPO proceeds fully deployed for working capital, while Rs 3,626.22 lakh earmarked for general corporate purposes has also been utilised. However, Rs 5,458.43 lakh remains unutilised including Rs 1,098.50 lakh for a planned DVCP Studio, Rs 2,838.20 lakh for IT infrastructure across R K Swamy and its subsidiaries Hansa Research and Hansa Customer Equity, and Rs 1,521.73 lakh for new CEC and CATI facilities.

    On a standalone basis, profit for the quarter was Rs 134.16 lakh versus Rs 35.18 lakh last year, with revenue from operations at Rs 3,283.06 lakh.

    While adland has seen its fair share of headwinds, R K Swamy’s Q1 suggests the company is positioning itself for a year of expansion with big-ticket infrastructure investments waiting in the wings to take centre stage.
     

  • Venky’s hatches higher Q1 profits as poultry powers past feed cost squeeze

    Venky’s hatches higher Q1 profits as poultry powers past feed cost squeeze

    MUMBAI: In the corporate coop this quarter, Venky’s (India) Ltd has laid a golden egg. The poultry-to-oilseed giant reported a consolidated net profit of Rs 15.83 crore for the quarter ended 30 June 2025, up from Rs 15.78 crore a year ago, despite battling feed cost pressures and softer margins in its core poultry segment.

    Revenue from operations climbed 7.15 per cent year-on-year to Rs 865.83 crore, compared with Rs 808.02 crore in Q1 FY25. Total income stood at Rs 877.52 crore, buoyed by Rs 11.69 crore in other income.

    The company’s poultry and poultry products division remained the main profit roost, bringing in Rs 475.66 crore in sales, followed by oilseed at Rs 318.02 crore and animal health products at Rs 96.98 crore. Segment results showed poultry still feeling the heat with a loss of Rs 5.55 crore, while animal health (Rs 23.18 crore) and oilseed (Rs 10.05 crore) kept the ledger in the black.

    Expenses rose to Rs 855.75 crore from Rs 717.63 crore last year, driven by higher material costs (Rs 553.08 crore) and feedstock price volatility. Finance costs edged up to Rs 4.29 crore, while depreciation came in at Rs 9.21 crore.

    Earnings per share for the quarter stood at Rs 11.24, compared with Rs 11.24 in the previous quarter and Rs 9.44 a year earlier. On the balance sheet, total assets grew to Rs 2,09,115 lakh, while liabilities were steady at Rs 59,975 lakh.

    While the poultry flock faced headwinds, the diversified revenue mix helped Venky’s keep its Q1 nest egg intact proving that in this business, you can still rule the roost if you spread your wings wide enough.

  • Panorama reels in big sales but profits take a box-office hit

    Panorama reels in big sales but profits take a box-office hit

    MUMBAI: It was a quarter of high-grossing sales but low-margin drama for Panorama Studios International Limited, as its Q1 FY26 results revealed a tale of two halves blockbuster revenue gains paired with fading profit lines. Net sales for the June quarter hit Rs 136.35 crore, soaring 49.8 per cent above the average of the past four quarters, signalling a strong near-term script for revenue generation. The box-office-style growth points to robust demand and successful monetisation across projects.

    But the profit subplot wasn’t as cheery. Profit Before Tax (PBT) slumped to Rs 3.24 crore, a steep 73.7 per cent fall from recent averages, while Profit After Tax (PAT) slipped to Rs 5.11 crore, marking a 51.2 per cent drop. Rising borrowing costs also made a cameo, with the company logging its highest interest expense in five quarters.

    Off-screen, the Debtors Turnover Ratio hit its lowest point in recent periods, hinting at a slower pace in receivables collection, an area that could affect cash flow if the credits keep rolling in late.

    The board meeting on 7 August 2025 didn’t just sign off on numbers, it added a governance twist. M/s Nitesh Chaudhary & Associates were appointed as Secretarial Auditor for FY26–FY30 (subject to AGM approval), and the studio unveiled a refreshed contact identity with a new email (info@panoramastudios.in) and website (www.panorama studios.in).

    With sales running hot but profits cooling, Panorama’s next act may hinge on whether it can keep the audience in their seats while tightening the back-office plot.
     

  • TBZ posts 13 per cent profit growth in Q1 as sales see steady rise

    TBZ posts 13 per cent profit growth in Q1 as sales see steady rise

    MUMBAI: All that glitters is gold at least for TBZ. Tribhovandas Bhimji Zaveri Limited (TBZ), the iconic Indian jeweller, began FY26 on a shiny note, reporting a 13.4 per cent year-on-year rise in profit after tax (PAT) to Rs 209.44 million for the quarter ended 30 June 2025. The performance came riding on the back of festive campaigns, curated premium collections, and expanding footprint in key metros and emerging markets.

    Revenue from operations for Q1 FY26 rose 4.7 per cent to Rs 6,240.07 million, up from Rs 5,962.43 million in Q1 last year. What sparkled more than sales, though, was efficiency gross profit rose a gleaming 17.4 per cent to Rs 1,008.43 million, buoyed by better product mix and procurement smarts. Gross margin jumped 176 basis points (bps) to 16.16 per cent.

    EBITDA for the quarter clocked in at Rs 514.08 million, a 20.7 per cent YoY rise, while EBITDA margin improved 110 bps to 8.24 per cent, reflecting operational discipline even as new stores came online. Profit before tax stood at Rs 282.39 million, up 13.8 per cent from Rs 248.16 million in the same quarter last year.

    PAT margin ticked up 27 bps to 3.37 per cent. Basic and diluted earnings per share (EPS) rose to Rs 3.14, up from Rs 2.77 in Q1 FY25.

    On a consolidated basis, TBZ’s performance was equally gilded. Consolidated PAT came in at Rs 224.97 million, up from Rs 170.48 million a year ago. Total income stood at Rs 6,257.44 million, with total expenses at Rs 5,959.49 million. Operating costs remained largely under control despite higher material costs and finance charges.

    The company’s strategy leaning into occasion-led campaigns and premium designs seems to be paying off. Inventory changes shaved off Rs 3,176.57 million in costs, and labour charges were kept at Rs 507.27 million. Finance costs stood at Rs 1,767.28 million, and depreciation rose marginally to Rs 741.76 million.

    In a market known for volatility and sentiment-driven buying, TBZ has managed to strike the right chord with customers while keeping its financials glittering. The strong start to FY26, marked by both topline growth and margin expansion, sets the tone for the quarters ahead especially as the festive and wedding season approaches.
     

  • Monte Carlo slips into loss as sales drop in a seasonally weak quarter

    Monte Carlo slips into loss as sales drop in a seasonally weak quarter

    MUMBAI: Winterwear label Monte Carlo just caught a summer chill on its balance sheet. For the quarter ended 30 June 2025, Monte Carlo Fashions Ltd. reported a standalone net loss of Rs 1,632 lakh, slipping deeper into the red compared to a loss of Rs 1,327 lakh in the same quarter last year. Sequentially too, the performance weakened, with the company reporting a wider loss than the Rs 1,028 lakh deficit in the March 2025 quarter.

    Total income stood at Rs 13,896 lakh, down sharply from Rs 21,856 lakh in the March quarter, and only a marginal uptick from Rs 13,327 lakh in Q1 FY24. The drop was primarily due to a seasonal decline in revenue from operations, which came in at Rs 13,853 lakh, a notable fall from the Rs 20,593 lakh clocked just a quarter ago.

    Operating costs remained high. Purchases of stock-in-trade touched Rs 6,418 lakh, and employee expenses rose to Rs 3,234 lakh. While inventory adjustments offered some relief (with a positive change of Rs 2,724 lakh), it wasn’t enough to offset the drag from expenses like advertising and promotion (Rs 1,039 lakh) and finance costs (Rs 1,105 lakh).

    On a consolidated basis, losses remained nearly the same, with a net loss of Rs 1,622 lakh for Q1 FY26. Total consolidated income was Rs 14,897 lakh, again marking a sequential decline.

    Despite a strong performance in the previous full year with a standalone profit of Rs 7,980 lakh Monte Carlo is off to a frosty start this fiscal. Seasonal cyclicality, high fixed overheads, and a muted retail environment appear to have squeezed margins this quarter.

    The company’s equity base remains stable at Rs 2,073 lakh, with other equity reserves totalling Rs 81,337 lakh. Earnings per share (not annualised) stood at Rs (7.87), compared to Rs 38.49 for the year ended March 2025.

    With peak season months still ahead and inventory realignments underway, the Ludhiana-based firm will be banking on stronger demand in the colder quarters to thaw the current chill. Until then, investors may need to layer up for some financial frostbite.
     

  • Blockbusters and billions boost PVR Inox in Q1 of FY’26

    Blockbusters and billions boost PVR Inox in Q1 of FY’26

    MUMBAI: Seats taken, debts shaken PVR INOX sets the tone for a blockbuster FY’26. If the opening quarter of FY’26 is any clue, PVR Inox isn’t just selling popcorn, it’s popping the lid off cinema’s revival story. The multiplex major has posted a stellar Q1 performance for the quarter ending June 30, 2025, powered by Bollywood box office blitzes, Hollywood hits, and a strategic play on alternative programming and screen expansion.

    Cinema seats saw healthy occupation as a total of 10 films crossed the Rs 100 crore mark, with three of them zooming past Rs 200 crore, setting the tone for a more balanced and consistent theatrical performance.

    Bollywood brought in blockbuster numbers for PVR Inox, with collections jumping 38 per cent year-on-year. The charge was led by crowd-pullers like Raid 2, Sitaare Zameen Par, Kesari Chapter 2, Housefull 5, and Jaat all five entered the Rs 100 crore club, and three soared past the Rs 200 crore milestone.

    Hollywood wasn’t far behind, registering a whopping 72% YoY growth for the exhibitor. Mega franchises like Mission Impossible, Final Destination: Bloodlines, Ballerina, and the box office juggernaut F1 drove this spike especially on premium formats like IMAX and 4DX, where admissions rose 20 per cent YoY.

    Regional cinema remained a steady performer, with titles like Tamil’s Good Bad Ugly, Malayalam’s Thudarum, and Tourist Family holding the fort.

    Launched in April, the Blockbuster Tuesdays initiative offering tickets at just Rs 99 proved to be more than a gimmick. It brought in nearly 1 million new and lapsed transactors, giving weekdays a much-needed footfall bump.

    Meanwhile, the exhibitor’s push into alternate programming including IPL match screenings, concerts, comedy shows, and film re-releases contributed over 5 lakh admissions this quarter, reinforcing cinemas as multipurpose destinations.

    That said, the quarter wasn’t without hiccups. PVR Inox estimated a loss of 6–7 lakh admissions due to external disruptions like Operation Sindoor, protests around Punjabi film Akaal, and the suspension of Sardaarji 3.

    Sticking to its asset-light strategy, PVR INOX added 20 new screens this quarter, 14 of which were under FOCO and Asset-Light models. With 55 more screens signed under FOCO and 72 under Asset-Light, expansion continues with minimal capital drag.

    Financially, net debt stood at Rs 8,915 million as of 30 June 2025, a Rs 607 million reduction from March 2025 and a sharp Rs 5,389 million (38 per cent) decline since the merger, signalling strong deleveraging.

    The multiplex chain is optimistic about the coming months, with July already clocking the highest monthly admissions in the past 18 months. Hits like Saiyaara, Superman, Mahavtar Narsimha, and Metro In Dino have already found their footing, while much-anticipated releases like War 2, Border 2, Love & War, and Hollywood heavyweights like Avatar: Fire and Ash and The Conjuring: Last Rites promise more gold at the box office.

    Regional biggies such as Coolie, Toxic, Akhanda 2, and Kantara: A Legend Chapter 1 will further bolster the slate.

    With a footprint of 1,745 screens across 353 cinemas in 111 cities across India and Sri Lanka, and a focus on lean growth, PVR Inox is eyeing a full house not just in theatres, but on the balance sheet too.

    As PVR Inox managing director Ajay Bijli summed it up, “The momentum has been supported by a well-performing and steady content slate, giving us confidence in the year ahead.”

    And if Q1 is anything to go by, FY’26 might just be the comeback reel Indian cinema’s been waiting for.

     

  • Airtel Q1 profit jumps to Rs 5,948 crore, adds 1.5 crore new users

    Airtel Q1 profit jumps to Rs 5,948 crore, adds 1.5 crore new users

    MUMBAI: Talk about a strong connection Bharti Airtel has come in loud and clear this quarter. The telco rang in a consolidated net profit of Rs 5,948 crore for Q1 FY26, marking a solid 104 per cent year-on-year jump from Rs 2,925 crore in Q1 FY25. The growth came on the back of higher subscriber additions, a healthy operating margin, and steady performance across its India and Africa businesses.

    Revenue from operations for the quarter ended June 30, 2025, stood at Rs 49,463 crore, rising 28.5 per cent year-on-year and 3.3 per cent sequentially. Consolidated EBITDA came in at Rs 28,167 crore, up 41.2 per cent YoY, with the EBITDA margin remaining strong at 56.9 per cent.

    Calling all metrics here’s the lowdown:

    . EBIT stood at Rs 15,621 crore, a 67 per cent YoY rise, with margins improving to 31.6 per cent.

    . Profit before tax increased 98.6 per cent YoY to Rs 10,504 crore.

    . India mobile services revenue clocked in at Rs 27,396 crore in Q1 FY26 versus Rs 22,527 crore last year.

    . Africa mobile services brought in Rs 12,083 crore, up from Rs 9,637 crore YoY.

    . Homes services (broadband) contributed Rs 1,718 crore, and

    .  Digital TV services fetched Rs 762 crore.

     . Airtel Business, its B2B arm, generated Rs 5,057 crore.

    Subscriber base rings in growth:
    The company added 1.5 crore customers during the quarter, taking its total global base to 60.5 crore subscribers, a 6.7 per cent YoY increase. Of these, India accounted for 43.6 crore users, up 6.6 per cent, and Africa stood at 16.9 crore, growing 9 per cent.

    Margins and metrics dial up too:

    . Operating margin: 31.1 per cent (vs 23.8 per cent YoY)

    .  Net profit margin: 15.0 per cent (vs 12.3 per cent YoY)

    . Debt-to-equity: Improved to 0.80 (from 1.21 YoY)

    .  Interest coverage ratio: Rose to 6.35x (from 4.74x)

    . Basic earnings per share: Rs 10.26 (vs Rs 7.21 YoY)

    . Net worth: Rs 11,79,009 million

    Segment-wise, Passive Infrastructure Services revenue surged to Rs 8,091 crore, reflecting growth from its Indus Towers investment, while Airtel Business remained resilient despite a slight sequential dip.

    Standalone net profit was Rs 3,765 crore in Q1, with revenue at Rs 29,249 crore. The company maintained a healthy standalone EBITDA of Rs 17,177 crore and net profit margins of 12.9 per cent.

    Airtel has not only tightened its financial grip but also expanded its user base proving it’s not just chasing signals, but setting benchmarks.
     

  • Nestlé India cooks up a strong Q1 with Rs 659 crore profit and volume growth

    Nestlé India cooks up a strong Q1 with Rs 659 crore profit and volume growth

    MUMBAI: Nestlé India’s Q1 wasn’t just about instant noodles, it was an instant hit. Powered by pantry staples, caffeine cravings, and chocolate cheer, the FMCG major cooked up a Rs 5,074 crore sales recipe in the June quarter of FY26, stirring in a 5.9 per cent year-on-year growth and a net profit of Rs 659.2 crore.

    From steaming cups of Nescafé to school tiffins packed with Maggi and KitKat, the company’s core brands did the heavy lifting. Seven of the top twelve brands brewed double-digit growth, fuelling overall volume-led momentum across categories. The EBITDA margin stood robust at 21.7 per cent of sales, while earnings per share for the quarter came in at Rs 6.84.

    “Three of our four product groups bounced back to volume-led growth,” said outgoing Nescafé CMD Suresh Narayanan, who exits the company this month after a decade-long stint. “Maggi noodles saw double-digit growth, and our beverage and confectionery portfolios continued to perform strongly.”

    And perform they did. The Powdered and Liquid Beverages segment led by Nescafé Classic, Sunrise, and Gold perked up with high double-digit growth, aided by cold coffee campaigns that clicked during the summer. Meanwhile, the Prepared Dishes and Cooking Aids category, fuelled by Maggi’s ever-spicy range (Garlic, Cheesy, Pepper, Manchurian), added more masala to the numbers.

    Confectionery was another sweet spot. Kitkat emerged as the crown jewel, leading the charge in both urban and “Rurban” markets. Munch and Milkybar also saw high double-digit gains. Nestlé’s push into premium variants like Kitkat Lemon n Lime and Dark Sharebag helped expand its digital-first distribution.

    Milk Products and Nutrition showed mixed results, but brands like Milkmaid and Nestlé’s growing-up milk range still gained market share. Meanwhile, breakfast cereals buoyed by the recent launch of Munch Choco Fills crunched out high double-digit growth.

    Nestlé’s e-commerce channel now contributes 12.5 per cent of domestic sales, with quick commerce and newer launches proving to be the growth engines. Its Out-of-Home business think vending corners and retail kiosks continues to post double-digit growth, with over 1,000 Nescaf Corners, Maggie Hotspots and Kitkat Break Zones spread across India.

    On the export front too, it was a power-packed quarter, with high double-digit growth across foods, beverages and cereals. The UK even got a taste of desi spice, with Masala-Ae-Magic officially launching there.

    The business faced its share of heat: inflationary pressures pushed up costs of key commodities, and manufacturing expansion led to higher operating expenses. Finance costs rose due to short-term borrowings. But there’s relief in sight coffee, edible oil, and cocoa prices have stabilised, and milk is expected to cool with the monsoon flush.

    As Narayanan passes the baton to incoming Nescafé chairman and MD Manish Tiwary from 1 August, he exits on a high note. Over the last decade, Nestlé India has reported a 150 per cent rise in sales, a 490 per cent jump in PAT, and a 3.9x increase in market capitalisation, with a 17 per cent CAGR in total shareholder return.

    With a legacy that’s chocolate-dipped and noodle-tossed, Nestlé India has shown that even in a high-cost environment, flavour-packed fundamentals and strong consumer connect can serve up consistent, comforting growth.

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  • Q1 FY26: JioStar smashes profit records as IPL juggernaut drives Rs 11,222 crore revenue surge

    Q1 FY26: JioStar smashes profit records as IPL juggernaut drives Rs 11,222 crore revenue surge

    MUMBAI: JioStar has delivered a blockbuster first quarter, posting record revenues of Rs 11,222 crore and profits that soared 154 per cent to Rs 581 crore, powered by what the company calls the “biggest ever IPL in terms of viewership and monetisation.”

    The media behemoth’s earnings before interest, taxes, depreciation and amortisation jumped to Rs 1,017 crore from Rs 774 crore in the previous period, whilst EBITDA margins expanded to 10.6 per cent from 8.1 per cent.
    The stellar performance was underpinned by IPL 2025, which shattered viewing records with 1.19 billion viewers across television and the JioHotstar platform. The tournament’s final match became the biggest T20 match ever on digital, reaching 237 million viewers with a peak concurrency of 55.2 million—obliterating the previous IPL record of 35.9 million.

    JioHotstar’s dominance was on full display during the quarter, with the app hitting 1.04 billion downloads on Android and averaging 460 million monthly active users. The platform reached 652 million viewers during IPL—a staggering 28 per cent year-on-year growth—whilst television delivered 514 billion minutes of watch-time.
    Beyond cricket, JioStar consolidated its entertainment stranglehold with a commanding 35.5 per cent share of TV entertainment viewership. Star Plus retained its Hindi general entertainment channel leadership with six of the top 10 shows, whilst regional powerhouses Star Pravah, Star Jalsha, Star Maa and Asianet maintained their number one positions in respective markets.

    The quarter also saw strategic moves in the free-to-air space, with Star Utsav and Colors Rishtey relaunching on DD Free Dish. Star Utsav became the number one channel from day one, reshaping the FTA Hindi GEC landscape.

    JioHotstar’s content strategy bore fruit beyond sports, posting its highest-ever monthly entertainment watch-time in June 2025. The latest season of Criminal Justice scored the strongest opening for any OTT original in 2025, according to Ormax Media, whilst Kesari 2 emerged as the year’s biggest movie across all languages on the platform.

    International content remained a key differentiator, with Captain America: Brave New World debuting as the quarter’s second most-watched film and Mufasa: The Lion King becoming the most-watched international movie ever on JioHotstar.

    The company’s subscriber base swelled to 287 million during IPL on JioHotstar, whilst reaching over 800 million people on television during the quarter—cementing its position as India’s undisputed entertainment colossus.