Reuters India Business

Indian pharmacy retailer MedPlus profit jumps with store opening push

31 Oct 2025

(Corrects dateline to Oct 31 from Oct 28) (Reuters) -Medplus Health Services, one of India’s top retail pharmacy chains, reported a 43.3% rise in second-quarter profit on Friday, driven by higher sales from new store openings and steady demand for its private label products. Consolidated net profit rose to 555 million Indian rupees ($6.31 million) …

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India’s Patanjali Foods quarterly profit surges on strong edible oil demand

31 Oct 2025

(Reuters) -India’s Patanjali Foods posted a 67.4% increase in quarterly profit on Friday, on strong demand for its edible oils. The Sunrich edible oil maker’s profit after tax rose to 5.17 billion rupees ($58.82 million) for the quarter ended September 30 from 3.09 billion rupees a year earlier. Patanjali Foods benefited from a cut in …

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India’s Godrej Consumer posts quarterly profit decline as tax cuts disrupt sales

31 Oct 2025

(Reuters) -India’s Godrej Consumer Products reported a quarterly profit drop on Friday, hurt by a temporary sales disruption following the government’s sweeping tax cuts. Consolidated net profit fell 6.5% to 4.59 billion rupees ($52.22 million) in the second-quarter ended September 30. Revenue rose 4% to 38.02 billion rupees, while expenses climbed 6.4%. Short-term disruptions notwithstanding, …

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Schaeffler India posts third-quarter profit rise on robust demand for auto components

31 Oct 2025

(Reuters) -Automotive and industrial parts maker Schaeffler India reported a 24.1% rise in third-quarter profit on Friday, driven by demand for ancillary auto products like transmission, braking systems and industrial bearings products The company, a unit of Germany’s Schaeffler AG, reported profit of 3.07 billion rupees ($34.9 million) for the quarter ended September 30 from …

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Indian miner Vedanta’s quarterly adjusted profit rises on higher metal prices

31 Oct 2025

(Reuters) -Indian metals-to-oil conglomerate Vedanta reported higher quarterly adjusted profit on Friday, helped by higher metal prices. The company’s consolidated profit before tax and exceptional items rose 21.7% from a year earlier to 70.14 billion rupees ($798 million) in the quarter ended September 30. Its operating profit margin rose to 22% from 20%, aided by …

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Indian benchmark shares log best month since March on strong earnings outlook

31 Oct 2025

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s equity benchmarks logged their biggest monthly gains in seven months in October as strong corporate earnings and reasonable valuations drew in foreign investors. The Nifty 50 and the BSE Sensex gained 4.5% and 4.6% in October, settling 2.1% and 2.4% below their all-time highs reached in …

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India’s Happiest Minds sees GenAI reaching double‑digit revenue share in three years

31 Oct 2025

By Sai Ishwarbharath B BENGALURU (Reuters) -Happiest Minds Technologies expects a double-digit revenue share from its generative AI business within three years, up from 1.6% in fiscal 2025, as clients accelerate AI spending to cut costs and boost productivity, its top executive told Reuters. This makes it the first Indian IT firm to give a …

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Rupee holds above record low on state bank dollar sales, ends month flat

31 Oct 2025

By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee fell on Friday but managed to hold above its all-time low on the back of intermittent dollar sales by state-run banks that also helped the currency end the month on a quiet note. The rupee had rallied to a peak of 87.6250 earlier this month following heavy-handed …

Rupee holds above record low on state bank dollar sales, ends month flat Read More »

India’s Shriram Finance beats profit view on lending growth in small businesses, commercial vehicles

31 Oct 2025

(Reuters) -India’s Shriram Finance reported a bigger-than-expected second-quarter profit on Friday on steady lending growth in its micro, small and medium enterprise (MSME) and commercial vehicle sectors, sending shares up 4.3% to hit a record high. The non-banking finance company’s (NBFC) profit rose 11.39% year-on-year to 23.07 billion rupees in the three months ended September …

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Russia-backed sanctioned Indian refiner boosts crude runs to 90%, sources say

31 Oct 2025

By Nidhi Verma NEW DELHI (Reuters) -Russia-backed Indian refiner Nayara Energy has ramped up crude processing at its Vadinar refinery to 90% to 93% of capacity, two sources familiar with the matter said, after European Union sanctions curtailed operations earlier this year. Oil processing at Nayara’s 400,000 barrels per day western India plant dropped to …

Russia-backed sanctioned Indian refiner boosts crude runs to 90%, sources say Read More »

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