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Devyani International reported sales growth of 45% YoY to Rs 7,47.4 crore in Q2FY23

“The quarter has been an eventful one for the company with traction across business development, launches and bookings. Bookings performance remained healthy despite a seasonally muted quarter, with momentum across sustenance as well as new launches,” said Kamal Singal, Managing Director and CEO, Arvind SmartSpaces.

"This quarter has again reinforced our belief in the strong growth that we witnessed over the last few quarters. It shows a consistent trend that reflects the transformation of the Indian market for luxury watches, with Ethos as the reference," said Yashovardhan Saboo, Managing Director and Chairman, Ethos Limited. "Our portfolio of brands and assortment of products, best-in-class customer services, globally competitive prices, and the trust that the Ethos name evokes are all coming together to create an environment of sustained growth and profitability."

During the quarter, the number of passengers increased 76% to 19.7 million

“As for Adani Airports, we are nearly 90% of pre Covid numbers which is a little ahead of schedule that we had forecast in our investment case. We thought that this would be achieved some time in 2023 but we are already there and so that is a good aspect. It is largely driven by the fact that the Indian consumers are doing well, inflation is contained and people are travelling.”

However, the softening commodity prices would help lower prices of its hair and edible oil and drive up market share during the all-important October-December festive quarter, Marico said, adding that it expects gross margins to expand sequentially.

Paints and coatings maker Akzo Nobel India Ltd on Friday reported a 17.41 per cent rise in consolidated net profit at Rs 65.4 crore in the second quarter ended September 30, 2022 on the back of higher revenue. The company had posted a consolidated net profit of Rs 55.7 crore in the same quarter last fiscal, Akzo Nobel India said in a regulatory filing.

"Robust Like-to-Like and consistent e-commerce performance have been key drivers of growth in the quarter. The period also saw an increase in marketing investments post a hiatus of more than 2 years since COVID, as the company reinvigorated its focus towards brand building and strengthening consumer connect," it said.

“Fusion Microfinance have grown very well, their AUM has tripled, revenue has doubled and the net profit growth is very good. But it all has come at the cost of bad assets. The GNPLs have spiked from 1-1.5% to 6.5% in FY22. Couple that with expensive valuations and investors will have to tread very cautiously in this.”

“So after two-and-a-half years of winter in bonds, there is very warm weather out there and one can get a lot of opportunities. Even investors who are not looking to take any risk whatsoever, are now getting near 8% yield if they lock their money for one to three years.”