The consumer sector saw store openings, dividend announcements, and financial updates.
Key Highlights
- Baazar Style Retail: Opened two new stores in West Bengal and Uttar Pradesh (Positive).
- Metro Brands Ltd: Declared an interim dividend of ₹3.00 per share and a special dividend of ₹14.50 per share for FY24-25. The record date is March 7, 2025 (Positive).
- International Gemological: Reported a net profit of ₹114 crore, up from ₹78 crore YoY, with revenue at ₹265 crore vs ₹250 crore YoY (Positive).
- Paytm: Received a Show Cause Notice from the Directorate of Enforcement, Government of India, over Foreign Exchange Management (FEM) violations (Negative).
- Hero Motocorp: February total sales were 3.9 lakh units, missing the estimated 4.4 lakh units (Negative).
While Baazar Style Retail and Metro Brands showed positive business expansion, Paytm and Hero MotoCorp faced regulatory and sales challenges.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Please consult with a financial expert before making any investment decisions.
