Business

Q3 FY24 Total Revenue at Rs. 235 Million; up 15% YoY Q3 FY24 EBITDA margin at 23%; up 732 bps YoY Howrah (West Bengal) [India], February 7: Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company engaged in designing, manufacturing, branding, and selling garments for kids wear, announced their financial results for the Third Quarter and Nine months ended December 31, 2023. Q3 FY24 Key Financials at a Glance: – Total Income was ₹235 Million, up 15% YoY and down 27% QoQ – YoY growth was driven by volume uptick given strong demand in existing product categories, especially infant wear,…

Jaipur (Rajasthan) [India], February 7: Dynamic Cables Limited (DCL), a Jaipur based leading power cable manufacturer reported sales of Rs 192.3 Crs for Q3 FY24, growth of 25% over Q2FY23. Company reported an EBITDA of Rs 18.0 Crs and PAT of Rs 7.5 Crs during the quarter, up 34.8% and 47.8% on QoQ basis respectively. During Q3 the EBITDA margin was at 9.4% as compared to 8.7% in previous quarter and9.3% in the same quarter previous year. The management has indicated that India’s robust macroeconomic environment, coupled with supportive structural measures and a pickup in private and government capital expenditure, is leading to substantial demand for the company’s product range. The rapid pace of urbanization, improved budgetary allocations for capital expenditure, and swift infrastructure expansion further contributes to the positive outlook on the demand trajectory for company’s offerings.  Notably, as of December 31, 2023, the company also recordedits highest-ever…

New Delhi (India), February 6: Celebrity photographer Amit Khanna and acclaimed actor Annkit Bhatia have joined hands to inaugurate A Square Entertainment, a pioneering modelling institute set to make waves across India. With over two decades of experience in the industry, Amit Khanna, renowned for his exceptional work behind the lens, and versatile actor Annkit Bhatia have embarked on this transformative journey to nurture aspiring talents in the realms of fashion and acting. A Square Entertainment, known for its prolific production of web shows, digital ads, print shoots, and high-profile events, has solidified its presence in the entertainment industry. The…

Mumbai (Maharashtra) [India], February 6: Proper nutrition in slum communities has taken center stage with the release of a groundbreaking study that sheds light on the vital connection between shopping behavior and nutrition, which is a key source of better health.  In collaboration with London Business School (LBS), Snapbizz played a pivotal role in providing the technological backbone for this research enabling Kirana stores to gain invaluable insights into their purchase data in these communities through scanner data tracking. The study was led by London Business School Faculty Kamalini Ramdas and Ali Aouad, wharton faculty and former LBS Ph.D student…

“Finance Minister Sitharaman’s Interim Budget holds promise for the edible oil industry. The continued focus on ‘Atmanirbhar Oil Seeds Abhiyan’ with its emphasis on research, technology adoption, and market linkages is a welcome step towards self-sufficiency. This, coupled with the increased capital investment outlay, paints a promising picture for rural development and increased consumption, both of which directly impact our industry’s growth. However, the success hinges on the swift implementation of these initiatives. Streamlining access to high-yielding seeds, ensuring timely procurement at remunerative prices, and facilitating value addition, crop insurance are crucial for farmers to truly benefit. Additionally, sustaining the…

Image Caption: Dr. Sheetal Nair – Director of DSSG Bespoke Solutions Pvt Ltd New Delhi (India), February 3: As a seasoned entrepreneur, I find the Budget 2024-2025 to be a balanced and forward-looking fiscal plan. The focus on inclusive development, infrastructure, and sustainable initiatives aligns with the principles of sustainable and equitable growth. The emphasis on comprehensive development, especially in aspirational districts, and the promotion of entrepreneurship through various schemes, will help in expanding people’s freedoms and opportunities. The budget’s strategic focus on key sectors such as agriculture, infrastructure, and healthcare indicates a long-term vision for economic resilience and social…

New Delhi (India), February 5: Business Mint, a trailblazer in acknowledging excellence and leadership, is pleased to announce the triumphant winners of the Nationwide Awards Under 30 Entrepreneurs & Industry Experts – 2024. This marks the fourth consecutive edition of the Business Mint Nationwide Awards Under 30, held annually since 2021. The highly anticipated digital event took placed on February 02, 2024.In a celebration of innovation, resilience, and outstanding achievements, Business Mint recognized and honored young entrepreneurs and industry experts who have displayed exceptional prowess and leadership in their respective fields. The event, held virtually, brought together a diverse audience…

New Delhi [India], February 5: In celebration of Republic Day, the Siri Fort Sports Complex hosted a thrilling cricket match, bringing together the spirited staff members in a friendly clash of the Secretary’s XI versus the Manager’s XI. The event, held at the complex grounds, proved to be a resounding success, fostering a sense of companionship and happiness among the participants and spectators alike. The cricket match witnessed exceptional performances, with Amir Khan standing out as an outstanding all-rounder, showcasing his prowess both with the bat and ball. Yogesh’s scintillating quarter-century added flair to the game, while Ravi’s excellent seam bowling…

10th anniversary of the global campaign sees it soar to astronomical heights. New Delhi (India), February 5: Veganuary, the global organisation encouraging people to try vegan in January and beyond, has continued to see an explosion in popularity among the Indian public. 1.28 lakh Indians signed up to try eating vegan for a month and received Veganuary’s free resources and guidance, including access to special offers from Indian brands. This year also marks Veganuary’s 10th global anniversary. It was celebrated in a unique way with the Veganuary flag being sent up to the International Space Station, where it orbited the Earth 4,400 times-…

Swati Vakharia New Delhi (India), February 3: Shark Tank India Season 3 has changed the concept of Belly Button once again, after the successful pitch by brand Nabhi Sutra.  Founder Swati Sutaria Vakharia and her co-founder Vaibhav Shah,got a warm welcome from the judges.  Swati shared with judges that Nabhi has the thinnest layer of skin thus it has the highest absorption power. Apart from that Nabhi is connected to 72,000 veins inside, thus taking forward this amazing concept of Ayurveda Nabhi Sutra was born.  Nabhi Sutra has a total of 9 types of belly-button oils that are helpful in…