Business

Radico Khaitan Ltd reported a sharp surge in consolidated net profit to Rs 179.46 crore for the March quarter, nearly doubling from Rs 93.07 crore a year earlier. The strong performance reflects robust demand across its premium and mid-range spirits portfolio, including flagship brands such as Rampur Indian Single Malt Whisky and Magic Moments Vodka. The results highlight a broader shift toward premiumization in India’s alcoholic beverages market, where rising disposable incomes and evolving consumer preferences are driving growth and enhancing margins for established players.

KPI Green Energy Ltd delivered a robust financial performance for the March quarter, reporting a 49 percent year-on-year rise in consolidated net profit to Rs 155.48 crore. The growth was primarily driven by higher revenues, reflecting increasing demand for renewable energy solutions. The company had posted a net profit of Rs 104.18 crore in the same period last year.

Hyundai Motor India Ltd reaffirmed its long-term commitment to India as it celebrated three decades of operations, unveiling an ambitious investment roadmap of Rs 45,000 crore between FY26 and FY30. Having already invested Rs 40,700 crore since its inception in 1996, the company aims to accelerate manufacturing capacity, electrification, and future mobility solutions while launching 26 new products by FY2030.

CG Power and Industrial Solutions Ltd posted a 32 percent year-on-year increase in consolidated net profit to Rs 362 crore for the March quarter, driven by strong revenue growth and a healthy order inflow. Revenue rose significantly to Rs 3,442 crore, while order intake surged 39 percent to Rs 5,335 crore. The company’s unexecuted order backlog expanded sharply to Rs 17,107 crore, reflecting sustained demand visibility.

Maruti Suzuki India Limited has strengthened its dominance in the domestic automobile market, reporting record sales of 1,91,122 units in April and gaining nearly three percentage points in market share. The surge was driven by robust demand across passenger cars and SUVs, reflecting shifting consumer preferences and effective product positioning. Senior executive Partho Banerjee highlighted the strong start to the fiscal year, emphasizing balanced growth across segments.

Raymond Ltd reported a sharp 53 percent year-on-year decline in consolidated net profit from continuing operations at Rs. 11.93 crore for the quarter ended March 31, 2026. The decline, from Rs. 25.42 crore in the corresponding period last year, was primarily driven by exceptional item outflows that weighed on earnings. Despite underlying business stability, the results reflect short-term financial pressure linked to one-off adjustments.

A promoter group entity of Adani Ports and Special Economic Zone has offloaded nearly 2 percent stake worth Rs 7,486 crore via open market transactions, marking a significant capital reallocation move. The shares were acquired by the US-based Capital Group, reinforcing foreign institutional interest in India’s infrastructure sector. The transaction, executed through block deals on the Bombay Stock Exchange, led to a marginal dip in APSEZ stock prices.

Tata Motors Passenger Vehicles Ltd posted a robust 31.12 percent year-on-year increase in total sales for April 2026, reaching 59,701 units compared to 45,532 units in the same period last year. The strong performance reflects sustained demand in India’s passenger vehicle market and highlights the company’s effective product strategy and market positioning. As consumer sentiment improves and the automotive sector regains momentum, Tata Motors continues to strengthen its foothold in key segments.

Renault India reported a sharp resurgence in domestic performance, with wholesales more than doubling to 5,413 units in April 2026, compared to 2,602 units in the same period last year. The strong year-on-year growth reflects improving demand conditions and renewed traction in the competitive passenger vehicle segment. This surge signals a potential turnaround for the French automaker’s Indian operations, highlighting the effectiveness of its product positioning and distribution strategy.

IndiGo has announced the resignation of its Head of Global Sales, Vinay Malhotra, who will step down to pursue opportunities outside the company. According to a regulatory filing, Malhotra will be relieved of his duties effective close of business on July 3. The departure adds to a series of leadership changes at India’s largest airline, which has witnessed notable shifts in its top management in recent times.