Market News
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Ecommerce isn't adding much to Retail Inc's cart
An ET analysis of eight major retailers-market leader Reliance Retail, Shoppers Stop, Westside, Arvind Fashions, DMart, Spencer's Retail, Pantaloons and Bata-showed that the contribution of e-commerce to overall revenue has seen minuscule improvement since 2021-22 even as online sales continue to increase in absolute terms. By contrast, the Covid-19 pandemic spurred explosive growth, with the share of digital sales in total revenue surging three to four times in 2020-21 and 2021-22.
Q4 Result Live Updates: Sky Gold Profit Surges 81%; GMR Airports, Cummins India In Focus
Cummins India, Physicswallah, GMR Airports, Gillette India, Bata India among companies to report earnings today.
Stocks to Watch Today: Physicswallah, Swiggy, Q-Line Biotech, Lupin, Wockhardt, Ashok Leyland, GMR Airports, PG Electroplast, West Coast Paper in focus on 29 May
Stocks in News, 29 May: Stocks like Physicswallah, Ashok Leyland, Deepak Fertilisers & Petrochemicals Corporation, Bata India, PC Jeweller, GMR Airports, PG Electroplast, Gabriel India, Hikal, Varroc Engineering, Enviro Infra Engineers, HG Infra Engineering, Swiggy, and Indoco Remedies will be in focus on May 29.
Bata India shares fall over 4% after Q4 net profit plunges 95%
Bata India said the quarter was impacted by certain one-time items, including voluntary separation retirement (VSR) costs of Rs 28.1 crore as part of its long-term strategy to improve supply chain capability and efficiency