Heritage Foods Bets on Premium Dairy Play
The company focuses on value-added products such as curd, paneer, cheese and cold coffee to cash in on a growing industry.
The company focuses on value-added products such as curd, paneer, cheese and cold coffee to cash in on a growing industry.
RIL's petroleum business posted a net profit of ₹9,924 crore in the December quarter, while the consumer businesses together registered a profit of ₹8,610 crore.
The largecap stock gained 8.5% to hit a 52-week high of ₹945.80 intraday on Monday after it posted stellar earnings in the December quarter
Agile and proactive regional brands are giving large FMCG companies stiff competition.
Reliance Industries’ EBITDA grew 30.2% YoY to ₹44,867 crore in Q2 FY24, while the margin improved by 390 basis points YoY to 17.5%.
The third biggest investment in Reliance Retail after KKR and QIA in the past two months; ADIA's investment will translate into a 0.59% stake
This is KKR’s second investment in Reliance Retail after an infusion worth ₹5,550 crore in 2020; overall stake buy rises to 1.42%
Post RIL’s 46th AGM, several analysts have maintained their rating and target price on RIL shares, expecting an upside potential of up to 23%.
The valuation of Reliance Retail has almost doubled to ₹8.28 lakh crore in less than three years from ₹4.28 lakh crore in September 2020, says RIL chairman at the 46th AGM.
While RIL shares gained 0.3% in early trade, JFSL snapped five sessions losing streak and rose 2.6% on the BSE.