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Nykaa posts surge of 4.5% in Q2 profit on strong festive season demand

India's FSN E-Commerce Ventures Ltd, parent of cosmetics-to-fashion retailer Nykaa, reported a more-than-three-fold surge in quarterly net profit on Tuesday, helped by strong demand heading into the festive season.

Ashok Leyland October total sales rise 34% to 14,863 units, exports decline

Commercial vehicles maker Ashok Leyland on Tuesday reported a 34 per cent rise in total sales at 14,863 units in October 2022. The company had sold 11,079 units in the same month last year, Ashok Leyland said in a statement.

Domestic sales were at 13,860 units, as against 10,043 units in the year-ago month, registering a growth of 38 per cent, it added. Exports were marginally down at 1,003 units, as compared to 1,036 units in October last year.

Maruti Suzuki's total sales rise 21% to 167,520 units in October

Automaker Maruti Suzuki India Ltd (MSIL) on Tuesday reported a 21 per cent increase in total sales at 1,67,520 units in October. The company had sold a total of 1,38,335 units in the same month last year, it said in a statement.

Total domestic passenger vehicle sales were at 1,47,072 units in October as compared to 1,17,013 units in the year-ago month, registering a growth of 26 per cent.

Pepsi India bottler beats profit estimates on beverage price hikes

India's Varun Beverages reported a better-than-expected third-quarter profit on Tuesday as the Pepsi bottler benefited from price increases it had implemented to protect its margins. Profit grew by 59% to 3.81 billion Indian rupees ($46.1 million) in the three months ended Sept. 30. Analysts on average had expected a profit of 2.32 billion rupees, according to Refinitiv IBES data.

Varun Beverages, like most consumer majors including Nestle India, and Dabur India, raised prices of its products, while a broader customer return to pre-pandemic routines has pushed demand from restaurants and bars higher.

Tech Mahindra Q2 consolidated PAT declines by 4% to Rs 1,285 crore

Tech Mahindra on Tuesday reported a 4 per cent decline in consolidated profit after tax at Rs 1,285 crore in the September quarter. The country's fifth largest IT services exporter had reported a net profit of Rs 1,339 crore in the year-ago period.

The company's overall revenue rose 20.7 per cent to Rs 13,129 crore in the second quarter of the current fiscal. In the same period a year ago, it stood at Rs 10,881 crore, according to a statement.

Air India beats IndiGo to become top 'on time' airline in India: Report

Air India has beaten IndiGo for the third consecutive month as India's top "on-time" airline. Since the takeover by the Tata Group, Air India has identified on-time performance (OTP) as a primary improvement goal. Being punctual was one of the branding strategies of IndiGo.

In September, 87.1 per cent of flights of Air India were on time as compared to IndiGo's 84.1 per cent. This was 83.1 and 84.5 %, respectively, in June.

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