Latest news with #Jaipuria
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Business Standard
20 hours ago
- Business
- Business Standard
Varun Beverages shares rise 3% after Q1 earnings; results breakdown here
Shares of Varun Beverages rose nearly 3 per cent on Tuesday after the company reported a 5 per cent increase in its net profit during the current financial year (Q1FY26), despite a decline in its top line. The beverages company's stock rose as much as 2.8 per cent during the day to ₹500.8 per share, the highest level since May 20 this year. This compares to a 0.11 per cent advance in Nifty 50 as of 12:55 PM. Shares of the company rose for the second straight day and currently trade at 2,4 times the average 30-day trading volume, according to Bloomberg. The counter has risen 21 per cent this year, compared to a 4.5 per cent advance in the benchmark Nifty 50. Varun Beverages has a total market capitalisation of ₹1.68 trillion. Track Live Stock Market Updates Here Varun Beverages Q1 results The company reported a 5.1 per cent year-on-year (Y-o-Y) rise in consolidated net profit to ₹1,317 crore for the quarter ended June 2025, up from ₹1,253 crore in the same period last year. The beverage maker saw its revenue decline 2.5 per cent Y-o-Y to ₹7,017 crore, compared to ₹7,197 crore a year ago. However, operating performance remained steady, with Ebitda (earnings before interest, tax, depreciation and amortisation) inching up 0.4 per cent to ₹1,999 crore, from ₹1,991 crore. Ebitda margin improved to 28.5 per cent, against 27.7 per cent last year, aided by cost efficiencies and improved product mix. The company ended the quarter with a positive profit, despite a decline in consolidated sales volumes, driven by growth in international markets, which was supported by strong positive currency movement in African territories, Ravi Jaipuria, chairman at Varun Beverages, said. "Although unseasonal rains have impacted performance during the quarter, we have successfully navigated such challenges in the past and emerged stronger. We continue to strengthen our on-ground execution by adding more visi-coolers and ensuring wider product availability across retail touchpoints," Jaipuria said. The company's board also approved a second interim dividend of 25 per cent of face value, i.e., ₹0.50 per share, according to the statement. This would result in a total cash outflow of approximately ₹169.1 crore. Varun Beverages acquires 50% stake in Everest Industrial Lanka The company also said that it acquired a 50 per cent equity stake in Everest Industrial Lanka Pvt. Ltd, a Sri Lankan company, engaged in the business of production, manufacturing, distribution and selling of commercial visi-coolers and related accessories.
Business Standard
19-05-2025
- Business
- Business Standard
Jaipuria Institute of Management Celebrates 29th Convocation: 1251 Graduates Honoured in the Presence of Vice-President Jagdeep Dhankhar
VMPL New Delhi [India], May 19: Jaipuria Institute of Management, one of the prominent management institutions in India, hosted a grand unified convocation for its four campuses--Lucknow, Noida, Jaipur, and Indore, at Bharat Mandapam, New Delhi. The occasion was graced by the esteemed presence of the Vice President of India, Jagdeep Dhankhar, as the Chief Guest. He highlighted the significance of continuous learning and the nation's growth-oriented approach. "It is an honour and a privilege to address this unique gathering of the joint convocation of the Jaipuria Institute of Management. Convocations mark milestones in a student's journey, but learning must continue lifelong, as change is the only constant. We have an enabling ecosystem and affirmative government policies that support the fullest utilisation of your talent and potential. In our times, educational levels will define Bharat's growth trajectory. The time has come to aim higher, let us be among the global best,'' said the Honourable Vice President. The 29th convocation conferred diplomas to 1,251 ambitious PGDM graduates in the presence of Board of Governors and over 150 distinguished faculty members. "Giving back to society has always been a deeply held value for us. As we reflect on the enduring legacy of the Jaipuria family in the field of education, we celebrate a journey spanning over 8 decades rooted in the spirit of nation-building. This convocation is not only a celebration of academic achievement but also a reaffirmation of our enduring mission to contribute meaningfully to India's development through quality management education," said Mr. Sharad Jaipuria, Chairman, Jaipuria Institute of Management. The institution recently earned the prestigious Association to Advance Collegiate Schools of Business (AACSB) Accreditation, placing it among the top 6% of business schools globally and the top 1% in India. "The convocation marks both a culmination and a new beginning. The years you have spent learning, exploring, failing, rising, and growing have led you to this moment--not just to receive a degree, but to step into the world with purpose and direction. At Jaipuria, we believe that education must shape not only the intellect but also character. Today, you leave not just as graduates, but as ethical leaders, responsible citizens, and compassionate individuals." said Mr. Shreevats Jaipuria, Vice Chairman, Jaipuria Institute of Management. The convocation celebrated a diverse cohort of students across multiple programs with over 1229 graduates receiving certificates from the Post Graduate Diploma in Management (PGDM) program, with specialisations in Finance, Human Resources, Retail Management, Marketing, and Service Management. Additionally, 6 scholars from the Fellow Program in Management (FPM) were felicitated with the title of fellow, along with 16 graduates from the inaugural batch of the Online PGDM program. The convocation also recognised academic excellence, awarding the Chairman's Gold Medal to 10 meritorious students. These included Ayush Vardhan, Nihaal Agarwal, Priyanka Rastogi, B Sai Rithika, Anand Tyagi, Sakshi Singh, Abhijeet Sharan, Harleen Kaur, Mimansa Dadheech, and Saumya Kumbhaj. The convocation marked a new chapter in Jaipuria Institute of Management's journey, reflecting a collective vision for academic excellence and holistic growth. As graduates embark on their professional journeys, empowered with outstanding knowledge and skills, the institution stands proud. About Jaipuria Institute of Management Jaipuria Institute of Management is a premier business school in India, committed to delivering world-class education and fostering future leaders with ethical values and innovative thinking. With a legacy of academic excellence and industry-driven learning, Jaipuria ensures a transformational educational experience across its four campuses in Lucknow, Noida, Jaipur, and Indore. The institute offers AIU-recognized MBA-equivalent PGDM programs, accredited by the NBA (National Board of Accreditation), ensuring high academic standards and industry relevance. Jaipuria's commitment to quality education is reflected in its rankings: * Jaipuria Noida: Ranked 45th among Management Institutes in India (NIRF 2024) * Jaipuria Lucknow: Ranked 72nd among Management Institutes in India (NIRF 2024) * Jaipuria Jaipur: Ranked 75th among Management Institutes in India (NIRF 2024) * Jaipuria Indore: Ranked among the Top 125 Management Institutes in India (NIRF 2024) AACSB Accredited, Jaipuria is among the top 1% of Indian B-schools to receive this prestigious international accreditation.
India Today
17-05-2025
- Politics
- India Today
'Bharat has done it': VP compares Op Sindoor to Osama bin Laden's killing by US
Vice President Jagdeep Dhankhar on Saturday drew similarities between Operation Sindoor and the killing of Osama bin Laden by US forces in attacks on nine terror sites in Pakistan as the "deepest-ever cross-border strike" by India, the vice president recalled the September 11, 2001 terror attacks in the United naming bin Laden, he said that on May 2, 2011, a global terrorist who planned, supervised, and executed September 11 attacks inside the US was "dealt with" by the US forces "similarly".advertisement "Bharat has done it. And done it to the knowledge of the world," he said addressing an event of Jaipuria institutions said that a new "global benchmark" has been set. While maintaining the spirit of peace, the objective has been to strike at the first time, precise strikes were carried out deep across the International Border on the strongholds of Jaish-e-Mohammed and said the strikes were so precise that only terrorists were said that after the Pahalgam terror attack, Prime Minister Narendra Modi had given a message to the global community from Bihar. "Those were not empty words. The world has now realised," he also said that the Pahalgam terror attack, which left at least 26 people dead, was the deadliest attack on civilians since the Mumbai terror Watch IN THIS STORY#Operation Sindoor
Mint
17-05-2025
- Politics
- Mint
agdeep Dhankhar draws parallels between Operation Sindoor, Osama bin Laden's assassination: ‘Bharat has done it'
Vice President Jagdeep Dhankhar likened India's Operation Sindoor to the killing of al-Qaeda terrorist Osama bin Laden by the US. While speaking at the Annual Convocation of Jaipuria Institute of Management on Saturday, Dhankhar said Operation Sindoor was "India's deepest ever cross-border strikes." "A strike that was carefully, precisely calibrated to cause no damage except to the terrorist," Jagdeep Dhankhar said addressing an event of Jaipuria institutions in Delhi. Without naming Bin Laden, Jagdeep Dhankhar said, "This happened on May 2, 2011, when a global terrorist who planned, supervised, executed September 11 attack inside the US in 2001, he was dealt with by the US similarly." "Bharat has done it. And done it to the knowledge of the world," he said. Osama bin Laden and al Qaeda were key conspirators of the terror attack in the US on September 11, 2001. It's known as 9/11 attacks. On September 11, 2001, terrorists hijacked four airliners in the eastern United States. They flew three of the planes into buildings: the twin towers of the World Trade Center in New York and the Pentagon in Arlington, Virginia. The terrorists crashed the fourth plane in a field in rural Pennsylvania after passengers heroically rebelled. The attacks killed nearly 3,000 people and injured thousands more, the FBI said. On May 2, 2011, under orders from then US President Obama, a special operations unit raided the compound in northern Pakistan and killed bin Laden. India launched Operation Sindoor to target at least nine terror camps in Pakistan and Pakistan-occupied-Kashmir on May 7. India said over 100 terrorists were killed in the operation. Operation Sindoor was launched by the Indian armed forces in retaliation to the April 22 Pahalgam terror attack that killed at least 26 people. Vice President Jagdeep Dhankhar described attacks on nine terror sites in Pakistan as the "deepest-ever cross-border strike" by India. He said that a new "global benchmark" has been set. While maintaining the spirit of peace, the objective has been to strike at terrorism. He said Indian armed forces targeted Jaish-e-Mohammed and Lashkar-e-Taiba "deep inside Pakistan territory". He said the strikes were so precise that only terrorists were harmed. Dhankhar said that after the Pahalgam terror attack, Prime Minister Narendra Modi had given a message to the global community from Bihar. "Those were not empty words. The world has now realised what he [PM Modi] said is a reality," he said. He also said that the Pahalgam terror attack, which left at least 26 people dead, was the "deadliest attack on our civilians since 2008 Mumbai attacks."
The Hindu
17-05-2025
- Politics
- The Hindu
Dhankhar draws similarities between Operation Sindoor and Osama bin Laden's killing
Vice-President Jagdeep Dhankhar on Saturday (May 17, 2025) drew similarities between Operation Sindoor and the killing of Osama bin Laden by U.S. forces in Pakistan. Describing attacks on nine terror sites in Pakistan as the "deepest-ever cross-border strike" by India, the Vice-President recalled the September 11, 2001 terror attacks in the United States. India-Pakistan ceasefire LIVE updates - May 17, 2025 Without naming bin Laden, he said that on May 2, 2011, a global terrorist who planned, supervised, and executed September 11 attacks inside the US was "dealt with" by the U.S. forces "similarly". "Bharat has done it. And done it to the knowledge of the world," he said, addressing an event of Jaipuria institutions here. He said that a new "global benchmark" has been set. While maintaining the spirit of peace, the objective has been to strike at terrorism. For the first time, precise strikes were carried out deep across the International Border on the strongholds of Jaish-e-Mohammed and Lashkar-e-Taiba. He said the strikes were so precise that only terrorists were harmed. Mr. Dhankhar said that after the Pahalgam terror attack, Prime Minister Narendra Modi had given a message to the global community from Bihar. "Those were not empty words. The world has now realised," he said. He also said that the Pahalgam terror attack, which left at least 26 people dead, was the deadliest attack on civilians since the Mumbai terror attack.
