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Chandra exits Tata Sons; 4 stocks surge over 1,000%
N Chandrasekaran has announced he will not seek a third term as chairman of Tata Sons, triggering a leadership vacuum and a power struggle as other Ratan Tata allies step away. The news has sparked a rally in four Tata group stocks that have gained over 1,000% during his tenure, while analysts warn the next leader may reset strategic priorities and capital allocation. This marks the third messy succession in the group's history, with internal factions vying for control.
Britannia's profit grows 14% in Q1
Despite cost pressures, Britannia reported a 14% increase in Q1 profits to ₹593 cr. E-commerce and volume growth bolstered the performance.
Trent profits surge 21% to Rs 519 crore
Trent reported a 21% rise in quarterly profits to Rs 519 crore, driven by expansion in Westside and Zudio segments. However, the stock saw a mixed response despite the strong earnings beat.
Sensex loses ground after 4-day rally
The BSE Sensex declined by 210 points, closing below the 63,000 mark as gains from a four-day stretch were reversed. Nifty also ended lower, reflecting broader market sentiment.
Trent Q1 results disappoint investors
The company had posted a consolidated net profit of Rs 430 crore in the corresponding quarter last year. Revenue from operations grew 18% YoY to Rs 5,755 crore during the quarter. Compared with the March quarter, Trent's consolidated net profit rose 25% from Rs 413 crore, while revenue from operations increased 14% from Rs 5,028 crore.
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