Business

Indian travel technology firm Ixigo has strengthened its international expansion strategy by acquiring a minority stake in Spanish rail-focused platform Trenes for €11.7 million, equivalent to about Rs. 105 crore. The investment signals Ixigo’s intent to deepen its presence in Europe’s fast-evolving mobility market while diversifying beyond its core Asian operations. By partnering with a specialized rail aggregator, Ixigo gains access to advanced distribution capabilities, local market knowledge, and a customer base aligned with sustainable travel trends.

India’s capital markets regulator has approved initial public offering (IPO) proposals from five companies, including Premier and Duroflex, paving the way for fresh fundraising activity in the primary market. The approvals indicate renewed issuer confidence amid improving market sentiment and steady retail participation. With equity markets stabilizing and liquidity conditions supportive, companies across manufacturing and consumer segments are tapping public markets to finance expansion and deleverage balance sheets.

GMR Airports reported a decline in net profit for the third quarter, with earnings falling to Rs. 174 crore, reflecting mounting cost pressures and a challenging operating environment. While passenger traffic across key airports remained resilient, higher expenses linked to operations, financing, and infrastructure expansion weighed on the bottom line. The results underscore the delicate balance airport operators face between scaling capacity to meet long-term demand and managing near-term profitability.

Marriott International anticipates a 32% growth trajectory across the Asia Pacific region by 2025, reflecting strong recovery in travel demand, expanding brand presence and accelerated hotel development. The projection underscores renewed investor confidence in hospitality markets following pandemic-era disruptions. With rising cross-border tourism, corporate travel normalization and expanding middle-class consumption, the region has emerged as a strategic growth engine for global hotel chains.

Panasonic has outlined an ambitious plan to scale its air-conditioner sales in India to 2 million units annually by FY28, reflecting confidence in the country’s expanding cooling demand and rising disposable incomes. The strategy involves manufacturing expansion, product innovation and deeper market penetration across urban and semi-urban regions. As climate variability and urbanization drive structural growth in room air-conditioner adoption, Panasonic aims to strengthen its brand presence and supply chain efficiency.

EID Parry (India) Ltd reported a net profit of Rs 437 crore for the third quarter, reflecting improved realizations in its sugar business and stable growth in its nutraceuticals segment. The earnings expansion highlights the company’s diversified revenue model and operational efficiency amid fluctuating commodity cycles. Higher sugar prices, disciplined cost management and resilient demand contributed to margin improvement during the quarter.

RGL reported a 36% year-on-year increase in net profit to Rs 33 crore for the October–December quarter, reflecting improved operating efficiencies, stable revenue streams and disciplined cost management. The company’s performance signals strengthening fundamentals amid a competitive and evolving business environment. Enhanced margin realization and tighter expense controls supported bottom-line growth despite broader macroeconomic uncertainties. Analysts view the results as indicative of operational resilience and prudent financial stewardship.

India’s dairy sector is moving toward enhanced global competitiveness by strengthening quality standards and adopting stringent regulatory norms. Industry stakeholders emphasize that improving product safety, hygiene, and nutritional benchmarks will enable Indian dairy producers to expand exports while meeting international compliance requirements. Analysts note that the sector’s focus on certification, modern processing techniques, and cold-chain infrastructure is critical to sustaining growth in both domestic and global markets.

Honasa Consumer reported a remarkable doubling of net profit in Q3, driven by a significant increase in sales across key product lines. Revenue growth was fueled by strong domestic demand for personal care, baby care, and wellness products, coupled with effective digital marketing and e-commerce expansion. Analysts note that operational efficiencies, optimized supply chain management, and strategic pricing also contributed to margin expansion.

Schneider Electric India reported a decline in third-quarter net profit to Rs 97 crore, reflecting margin pressures, input cost volatility and moderated demand across select industrial segments. While revenue trends remained relatively stable, profitability was weighed down by higher operating expenses and evolving project timelines. The performance highlights broader headwinds in the capital goods and energy management sectors, where cost inflation and competitive intensity continue to influence earnings quality.