Friday, August 07
Shares of FMCG major Dabur India rose as much as 2% to their day's high of Rs 519 on BSE on Friday after it reported a 7% YoY increase in consolidated net profit for the December quarter at Rs 560 crore, compared with Rs 522 crore in the same period last year. The profit after tax (PAT) is attributable to the owners of the holding company. Revenue from operations for Q3FY26 grew 6% YoY to Rs 3,559 crore, up from Rs 3,355 crore in the corresponding quarter of the previous financial year.On a sequential basis, PAT rose 24% from Rs 453 crore in Q2FY26, while revenue increased 11% from Rs 3,191 crore reported in the July–September quarter.The company said its FMCG business registered a 6% growth during the quarter, with broad-based performance across markets and categories.Net profit before
The National Company Law Tribunal has approved a plan by software-as-a-service startup MoEngage to shift its domicile from the US to India, according to an order dated January 12.As a part of the plan, MoEngage's current holding company based in Delaware, US will merge into its Bengaluru-based entity, as per the order.In December, the company had closed a $280-million funding round from investors including private equity major ChrysCapital, Singapore’s Dragon Fund, Goldman Sachs Alternatives with A91 Partners in a mix of primary and secondary transactions. The round valued MoEngage at $850 million post-money.Founded in 2014 by Raviteja Dodda and Yashwanth Kumar, the company enables B2C brands to engage customers through AI-powered tools. About 60% of its clients are traditional enterpris
