Revenue from operations climbed 18.3% as sales of its chocolates, Maggi noodles & Sunrise and Nescafe brands of coffee rose, helped by robust advertising expenditure.
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Analysts say supply to government amid low distribution, marketing and R&D costs could aid profits. Bharat Biotech vaccine is priced at Rs 206 per dose while SII’s is at Rs 200.
Net income jumped to Rs 45.7 billion for the 3 months to September, beating a Rs 36.9 billion average estimate. Bad loan ratio fell slightly to 5.28%, compared with 5.44% at June end.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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