Economy · India
Indian Companies Report Mixed Q2 Financial Results
Colgate-Palmolive reported a 5.5% increase in net profit for its second quarter, reaching ₹342 crore, though this narrowly missed estimates. The company saw a 12.2% rise in revenue and gains in toothpaste volume, but its Ebitda margin declined due to increased input costs and advertising expenditure. Separately, Swiggy's net loss for Q2FY27 narrowed to ₹922 crore while its revenue grew by 36%. TTML also announced its Q2 results, with profit narrowing to ₹59 crore and revenue increasing by 8%, leading to a 9% surge in its stock price.
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- Centre (3): Business Standard, Mint, The Hindu BusinessLine