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Senco Gold shares soar 6% as Q1 business update highlights 60% revenue growth
Senco Gold shares saw a significant jump following a strong Q1 FY27 business update. The jewellery retailer reported a robust 60% year-on-year revenue growth, driven by a 48% rise in retail revenue and an impressive 38% same-store sales growth.
Kotak Mahindra Bank shares fall over 3% after Q1 update; advances jump 15% to Rs 5.12 lakh crore
Kotak Mahindra Bank's shares dipped over 3% following its Q1 FY27 business update. While net advances saw a healthy 15% year-on-year jump to Rs 5.12 lakh crore, and total deposits grew nearly 12%, a sequential slowdown in deposit growth and a dip in current and savings account deposits may have concerned investors. The bank also recently announced the acquisition of Deutsche Bank's India retail and wealth management business.
Senco Gold Ltd opens 8 new stores in Q1, targets 12-15 additional outlets this fiscal year
Senco Gold has significantly expanded its retail presence, adding eight new showrooms in the first quarter of FY27, bringing its total to 208 outlets. The company reported a robust 60% year-on-year revenue growth, driven by strong festive demand and a 38% rise in same-store sales. Despite challenges like higher gold prices and increased customs duty, Senco's diamond jewellery segment showed impressive growth, with plans to further expand through franchising.
Godrej Consumer Products expects high-teens revenue growth in Q1 FY27
Godrej Consumer Products said it expects to deliver high-teens revenue growth in the June quarter (Q1 FY27), ahead of its full-year guidance of double-digit revenue growth, backed by strong high-single-digit underlying volume growth (UVG).
L&T Finance's Q1 retail disbursements rise 36%; loan book grows 28%
L&T Finance reported an estimated 36% year-on-year increase in retail disbursements to around Rs 23,800 crore in the first quarter of FY27, driven by strong growth across its lending segments.
Mother Sparsh sees up to 40% growth as baby-care boom defies consumer slowdown
Mother Sparsh anticipates a robust 30-40% revenue surge this year, defying broader consumption slowdowns. Indian parents are prioritizing their babies' health and well-being, investing in premium, 'no nasties' products. Leveraging ITC's extensive distribution, the brand aims to expand its reach beyond online channels into smaller cities, tapping into a growing demand for trusted, scientifically-backed baby care solutions.
Sweltering heat sets summer-goods sales on fire; consumer brands hitch qcomm ride to big business
India's scorching summer has fueled a surge in consumer goods sales, with quick-commerce platforms becoming the star performers. Ice creams, cold drinks and skincare products saw massive year-on-year growth as shoppers embraced instant delivery for seasonal needs.
Baazar Style Retail shares end in a 5% upper circuit after strong Q1 business update
Baazar Style Retail reported a 29% year-on-year increase in standalone revenue for the June quarter, while same-store sales growth came in at 7%. The company added a net 13 stores during the quarter.
Bank of India shares rise after Q1 loan growth led by retail; deposits near ₹10 lakh crore
Bank of India's advances at the end of the June quarter, increased to ₹7.97 lakh crore globally, a growth of 18.6% from the year-ago quarter. Most of the loan growth came from the domestic business, where gross advances grew 19.1% year-on-year to ₹6.73 lakh crore.
Escorts Kubota tractor sales up 19.1% at 13,695 units in June
Escorts Kubota reported a 19.1% surge in total tractor sales for June 2026, reaching 13,695 units compared to the previous year. Domestic sales climbed 19.8%, while exports saw a 4.4% increase. Despite a delayed monsoon impacting Kharif sowing, improved wholesale and retail performance fueled this growth. The company remains watchful of monsoon progress and El Nino's effects on rural sentiment and future growth.
Explained - What led to Havells, Page Industries and Titan shares surge up to 4% on Wednesday
Havells' growth will improve in the current financial year, according to Citi, led by strong growth in cables and wires, a gradual recovery in consumer businesses and the solar segment emerging as a meaningful growth driver.
MFs wary of Sebi plan to allow celeb ads, cite mis-selling, edge for big entities
Sebi's proposal to let mutual fund houses use celebrity endorsements has sparked a debate over investor protection and competition. While supporters say it could bring in more first-time investors, critics fear higher mis-selling risks and a growing advantage for large fund houses.