TOFLER
First Apple Intelligence features land in China, with Alibaba’s Qwen on board
The tech giant has partnered with Alibaba to bring its Qwen model into some of the experiences. Chinese users will be able to use Qwen through Siri, Writing Tools, and Visual Intelligence, enabling text and image understanding. Users can access it by signing in with a Qwen account or through Apple, the company said in a blog post.
Apple India revenue grows 32% to cross Rs 1 lakh crore mark in FY26
"Apple India Private Limited provides and markets Apple brand products and software, and reported its revenues for the financial year 2025-26 at Rs 1,04,607 crore, a 32 per cent jump since the last financial year," Tofler said.
John Distilleries surpasses Rs 10,000 crore revenue in FY26; Sazerac become majority shareholder
In FY26, John Distilleries Ltd demonstrated remarkable growth, achieving a revenue of Rs 10,820.10 crore and a net profit of Rs 11.6 crore, marking an increase from the previous year. The recent acquisition of a 66 percent stake by Sazerac has positioned it as the majority owner, replacing Paul John Fund LLC. Renowned for its acclaimed Paul John single malt whisky and Original Choice whisky, the company continues to thrive.
Canon India targets 10,000 retail printer partners across 700 cities by 2027: CEO Toshiaki Nomura
Canon India sets ambitious plans to expand its consumer printing retail network by targeting 10,000 resellers by 2027. CEO Nomura says Canon is betting on smaller cities as India bucks a global slump in printer demand
India prominent market for Canon; plans to expand retail network by 2027: India CEO Nomura
Canon India has ambitious plans to grow by reaching over 10,000 active resellers by 2027. The company anticipates growing demand in smaller Tier 2, 3, and 4 cities as key segments drive growth. Canon's current strategy includes enhancing its omni-channel retail presence, combining offline and online sales. The imaging market is evolving with a shift towards mirrorless cameras and videography.
Tata’s e-commerce business begins to Cliq, losses shrink 19%
Tata Cliq narrowed its net loss by 19% to Rs 253 crore in FY26, marking the third consecutive year of improvement, while revenue from operations rose 20% to Rs 354 crore. The company attributed the progress to stronger growth, improved contribution margins and monetisation. Tata Cliq Fashion grew 7%, while Tata Cliq Luxury recorded 26% growth during the year.
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VCs hungry for kitchen startups; Vala Afshar’s blueprint for India’s AI future
Happy Thursday! Venture capital investors are betting on the premiumisation wave wafting into Indian kitchens. This and more in today’s ETtech Morning Dispatch.
Reliance Consumer Products quadruples authorised capital to ₹40,000 crore as FMCG business scales up
Reliance Industries has expanded the authorised share capital of Reliance Consumer Products to ₹40,000 crore. The company has tripled its borrowing limit to ₹27,000 crore to support its FMCG operations. Executive directors T Krishnakumar, Ketan Mody, and Asim Parekh have had their tenures extended until 2030. Recent filings indicate a positive business outlook for FY 2026-27 for RCPL.
Amazon Pay India revenue rebounds 18% in FY26, loss widens 33% as costs rise
Revenue from operations grew 18.5% to Rs 2,484.4 crore during the fiscal under review, up from Rs 2,096.6 crore in FY25.
Weak core show takes a big toll on Samsung India as net profit plunges 36% to ₹7,228 cr in FY26
Samsung India reported a 36% drop in net profit driven by declining smartphone sales and increased costs. Revenue from operations experienced a slight 1.2% growth, but profitability remained under pressure. The smartphone business faced challenges with a 1.4% revenue decrease and a significant decline in exports. Despite the tough conditions, retained earnings improved compared to the previous year. Consequently, no dividends were recommended for FY26 amidst these operational changes.
Samsung India profit falls 36 pc to 7,228 cr in FY26; revenue up 1.2 pc
Samsung India Electronics’ profit fell 36% to Rs 7,228.1 crore in FY26 even as revenue from operations edged up 1.2% to about Rs 1.12 lakh crore. The company, whose mobile phone business remains a major revenue contributor, continues to be India’s only appliance and consumer electronics player with turnover above Rs 1 lakh crore.
Haier India revenue crosses $1 billion despite sluggish market
Haier India has achieved over one billion dollars in revenue, marking significant growth. The company's sales reached ₹9,974 crore in fiscal year 2025, a 21% increase. Net profit also rose by 8% to ₹517 crore, demonstrating strong financial performance. Haier India is now the third-largest home appliance maker, surpassing competitors. The company is focused on expansion and strengthening its market position.
Fintech firm PayU Payments' loss narrows to Rs 248 crore in FY25
Fintech firm PayU Payments has reported a narrowing of loss to Rs 248 crore in the financial year 2024-25, according to a regulatory document shared by market intelligence firm Tofler on Tuesday.
Flipkart India's loss widens to Rs 5,189 crore in FY25; revenue up over 17%
The company recorded a 17.3% increase in consolidated revenue from operations at Rs 82,787.3 crore in FY25, from Rs 70,541.9 crore in FY24. Flipkart Internet, the entity which operates ecommerce marketplace, narrowed its losses to Rs 1,494.2 crore in FY25, according to the document shared by Tofler.
Apple India net profit up 23% to Rs 2,746 crore in FY24, revenue rises to Rs 67,152 crore
The company posted a 36% increase in total income to Rs 67,121.6 crore in FY24 from Rs 49,321.8 crore in FY23. "The company's total expenses for the fiscal were reported as Rs 63,397 crore," Tofler said.
Spinny cuts FY24 losses; revenue's up 14% on-year
The Tiger Global-backed company reported a 14% year-on-year increase in operating revenue to Rs 3,725 crore for FY24, according to its financial documents sourced from Tofler.
Flipkart-owned Cleartrip's loss nearly doubles in FY23; income falls 17%
Cleartrip reported a total income of Rs 96.7 crore in FY23, against Rs 117 crore in FY22, a decline of 17%, according to data from business intelligence firm Tofler.
Snap’s profit from India ops more than doubles in FY22
The company, which operates messaging app Snapchat, doubled its revenue to Rs 66 crore from Rs 33 crore in FY21, according to the company’s data sourced by Tofler.
Hyundai Motor India posts highest PAT in 4 years at Rs 2,861.77 cr in FY22
For the fiscal ended March 31, 2018 the operating revenue of company, which sells a range of vehicles including popular SUVs Creta and Venue along with hatchback and sedans such as Grandi10 NIOS, i20 and Verna, was at Rs 39,208.9 crore, as per Tofler data.
Samsung applies for Rs 900 crore sops under PLI handset scheme
Samsung India Electronics Ltd’s FY20 standalone net profit was Rs 2,902.30 crore on revenue of Rs 78,651.20 crore, as per data provided by business intelligence firm Tofler. The company gets around 70% of its India revenue, or around Rs 55,000 crore, from the mobile phone segment. The company’s India revenue from mobile phones for FY21 is also in the same range, said people aware of the matter.
Walmart India revenue rises 11%
“We continue to build capabilities for the future through investments in revamping our technology infrastructure to enhance our omnichannel capabilities and in people development,” the company said.
Byju's generates bulk revenue through sales, losses down by 40%
Byju’s is one of the few large internet companies in India which have a capital efficient business model.
BigBasket’s wholesale unit revenue up 35%
2019 starts on a good note for companies with BigBasket and PayPal posting promising numbers. That’s good news for emerging sectors FY 2017-18 losses halved to Rs 310 crore.
Billdesk’s revenue for FY18 rises 40% to Rs 929 cr, profit up 15%
Payments company Billdesk, which recently crossed the $1-billion valuation mark, posted a 40% increase in revenue from operations and 15% growth in profit for fiscal 2018.
Ecom Express sees revenue growth slow in fiscal 2018
Ecom Express saw its revenues grow slower for financial year 2017-18 at Rs 578 crore, a 17 % jump since last financial year, when the company had seen a near 40% year-on-year growth in revenues.
Hike receives a message, losses zoom
Messaging services firm posts loss of Rs 399 crore.
Amazon Pay suffers Rs 177-crore loss against Rs 7.4-cr income in FY17
The payments arm of Amazon India saw advertising and promotional expenses of Rs 123 crore in financial year 2016-17, according to regulatory filings sourced from Tofler.
Oyo loss drops by a third, sales jump
The narrowing of loss for the 12 month period ended March 31, 2017 was primarily due to a sharp drop in expenses.
Here's how Freshmenu's revenue grew by a whopping 124% this year
Much of the investment is being funnelled to fuel growth within existing markets so as to further boost its 13,000 orders per day mark.
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