Sun Pharmaceutical Industries on Thursday reported a 40.2 per cent jump in consolidated net profit at ₹2,835.62 crore for the first quarter ended June 30, riding on strong India formulation and global specialty sales growth.
The company had posted a consolidated net profit of ₹2,022.54 crore in the same quarter last fiscal.
Consolidated total revenue from operations was ₹12,652.75 crore against ₹11,940.84 crore in the year-ago period.
India formulation sales in the first quarter increased 16.4 per cent to ₹4,144.5 crore. It accounted for about 33.1 per cent of total consolidated sales.
US formulation sales stood at $466 million, lower by 1 per cent. It accounted for 31.1 per cent of total consolidated sales, the company said.
Sun Pharma said its global specialty sales in the quarter rose 14.7 per cent to $266 million, constituting 17.7 per cent of the total Q1 FY25 sales.
The company further said emerging markets formulation sales grew 8.8 per cent to $284 million, while that of the rest of the world slipped 2.9 per cent to $190 million.
Emami PAT rises 10%
FMCG major Emami on Thursday reported a 10.13 per cent rise in its profit after tax at ₹150.6 crore for the June 2024 quarter, led by volume growth in the domestic market and expansion in margins.
The company had posted a PAT of ₹136.75 crore in the April-June quarter a year ago.
Emami’s revenue from operations was up 9.73 per cent to ₹906.07 crore during the quarter under review. It was ₹825.66 crore in the corresponding quarter a year ago.
The company’s total expenses were ₹689.56 crore, up 8.4 per cent in the June quarter of FY24.
Total income, which includes other revenue, rose 9.9 per cent to ₹916.53 crore.
Zomato net leaps
Food delivery aggregator Zomato on Thursday reported a multifold jump in consolidated net profit to ₹253 crore for the April-June quarter of 2024-25 compared with ₹2 crore in the year-ago period.
The company’s revenue from operations jumped more than 74 per cent to ₹4,206 crore in the first quarter of this fiscal from ₹2,416 crore in the April-June period of last year.
Total expenses rose to ₹4,203 crore from ₹2,612 crore a year ago. The reporting segments include the food ordering and delivery business, Hyperpure Supplies (B2B), quick commerce offering Blinkit, the going out segment and all other residual segments.
