Latest news with #NominationandRemunerationCommittee
&w=3840&q=100)
Business Standard
4 days ago
- Business
- Business Standard
CEAT falls over 2% on mixed Q1 nos; profit tanks 28%, revenue up 11% YoY
CEAT share price: Tyre maker CEAT shares were under pressure on Friday, July 18, 2025, with the stock dropping up to 2.47 per cent to an intraday low of ₹3,760 per share. At 10:04 AM, CEAT share was trading 1.46 per cent lower at ₹3,799 per share. In comparison, BSE Sensex was trading 0.39 per cent lower at 81,939.81 levels. Why did CEAT share price fall in trade today? CEAT share price fell on the back of a mixed show in the June quarter of financial year 2026 (Q1FY26). The company reported a 27.7 per cent year-on-year (Y-o-Y) decline in net profit, which dropped to ₹112 crore in Q1FY26, compared to ₹154 crore in the same quarter last year (Q1FY25). Its revenue, however, rose 10.5 per cent Y-o-Y to ₹3,529 crore, up from ₹3,193 crore, indicating continued growth in topline performance. Ebitda increased marginally by 1.3 per cent Y-o-Y to ₹387 crore in Q1FY26, against ₹383 crore in the corresponding quarter of the previous year (Q1FY25). Ebitda margin, meanwhile, declined 100 basis points (bps) to 11 per cent from 12 per cent Y-o-Y. The board of directors also approved the re-appointment of Arnab Banerjee as managing director and chief executive officer (MD and CEO) of the company for a further term of two years effective from April 1, 2026, subject to approval of shareholders, based on the recommendation of the Nomination and Remuneration Committee. 'We continue to grow at a strong pace with double-digit growth in top-line, driven by OEM and replacement segments,' said Arnab Banerjee, MD and CEO, CEAT. Banerjee added, 'Looking ahead, we are well poised to ride the premiumisation and electrification trend in the domestic market, and renew our growth in international markets with stability in the geopolitical situation.' About CEAT Established in 1958, CEAT is the flagship company of RPG Enterprises and ranks among India's leading tyre manufacturers. With a robust presence in both domestic and international markets, CEAT produces over 48 million high-performance tyres annually. The company serves a wide range of vehicle segments, including 2- and 3-wheelers, passenger cars, utility vehicles, commercial vehicles, and off-highway vehicles. Meanwhile, RPG Group, founded in 1979, is one of India's fastest-growing and diversified business conglomerates, with a turnover of $5.2 billion. Its portfolio spans across key sectors such as infrastructure, tyres, pharmaceuticals, information technology, and specialty businesses, along with a growing focus on innovation-driven technology ventures.
Business Upturn
4 days ago
- Business
- Business Upturn
CEAT shares drop over 2% as net profit falls 28% YoY to Rs 112 crore in Q1
CEAT shares declined 2% after the company reported a 27.7% year-on-year drop in net profit for the first quarter of FY25, coming in at ₹112 crore compared to ₹154 crore a year ago. As of 9:40 AM, the shares were trading 2.11% lower at Rs 3,773.60. Revenue for the quarter rose 10.5% to ₹3,529 crore from ₹3,193 crore in Q1 FY24, backed by strong performance in both the OEM and replacement segments. EBITDA saw a marginal rise of 1.3% to ₹387 crore. However, margins slipped to 11%, down from 12% in the same quarter last year, mainly due to higher marketing expenses. On the demand front, the domestic market remained robust, with good volume growth across key OEM categories and stable replacement sales. The international segment, however, stayed flat, impacted by broader macroeconomic pressures. In a key management update, the company's board approved the reappointment of Arnab Banerjee as Managing Director & CEO for another two years, starting April 1, 2026, pending shareholder approval. The move follows a recommendation from the Nomination and Remuneration Committee. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Economic Times
11-07-2025
- Business
- Economic Times
HUL shares in focus after Priya Nair appointment as MD & CEO
Shares of Hindustan Unilever Ltd (HUL) are likely to be in focus on Friday, July 11, after the company announced the appointment of Priya Nair as its next Managing Director and Chief Executive Officer (MD & CEO). ADVERTISEMENT Based on the recommendation of the Nomination and Remuneration Committee, the Board has approved the appointment of Priya Nair for a term of five consecutive years, commencing August 1, 2025, and concluding on July 31, 2030. Her appointment is subject to the approval of shareholders and other applicable statutory approvals. The decision was approved by the Board of Directors at its meeting held on Thursday, July 10. Nair will succeed Rohit Jawa, who will step down as MD & CEO of the company at the close of business hours on July 31. Jawa's exit marks the end of his tenure at the helm of HUL, paving the way for a planned leadership the past year, shares of HUL have declined by 7.72%. On a year-to-date (YTD) basis, however, they have gained 3.71%. Over the last six months, the stock is down 1.35%, while it has risen 2.54% in the past three months. For one month, the stock has posted a modest gain of 0.57%. ADVERTISEMENT On Thursday, HUL shares closed 0.6% lower at Rs 2,409.05 on read: Multibagger smallcap stock shoots up by 43% in 3 days as Mukul Agrawal buys 5 lakh shares ADVERTISEMENT On the charts, shares of HUL are trading well above all their key daily exponential moving averages (DEMAs) and are hovering near the 63 mark on the Relative Strength Index (RSI), according to Trendlyne RSI below 30 is considered oversold, while a reading above 70 indicates an overbought condition. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
11-07-2025
- Business
- Time of India
HUL shares in focus after Priya Nair appointment as MD & CEO
Shares of Hindustan Unilever Ltd ( HUL ) are likely to be in focus on Friday, July 11, after the company announced the appointment of Priya Nair as its next Managing Director and Chief Executive Officer (MD & CEO). Based on the recommendation of the Nomination and Remuneration Committee, the Board has approved the appointment of Priya Nair for a term of five consecutive years, commencing August 1, 2025, and concluding on July 31, 2030. Her appointment is subject to the approval of shareholders and other applicable statutory approvals. The decision was approved by the Board of Directors at its meeting held on Thursday, July 10. Nair will succeed Rohit Jawa , who will step down as MD & CEO of the company at the close of business hours on July 31. Jawa's exit marks the end of his tenure at the helm of HUL, paving the way for a planned leadership transition. HUL share price history Over the past year, shares of HUL have declined by 7.72%. On a year-to-date (YTD) basis, however, they have gained 3.71%. Over the last six months, the stock is down 1.35%, while it has risen 2.54% in the past three months. For one month, the stock has posted a modest gain of 0.57%. On Thursday, HUL shares closed 0.6% lower at Rs 2,409.05 on BSE. Also read: Multibagger smallcap stock shoots up by 43% in 3 days as Mukul Agrawal buys 5 lakh shares HUL shares technical performance On the charts, shares of HUL are trading well above all their key daily exponential moving averages (DEMAs) and are hovering near the 63 mark on the Relative Strength Index (RSI), according to Trendlyne data. An RSI below 30 is considered oversold, while a reading above 70 indicates an overbought condition. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business Standard
19-06-2025
- Business
- Business Standard
Elcid Investments CFO Ragini Vakil steps down
Elcid Investments announced that Ragini Vakil, chief financial officer (CFO) of the company has tendered her resignation with effect from 18 June 2025. The company further informed that it has appointed Shraddha Manjrekar as the new CFO with immediate effect. Shraddhas appointment has been made as per the terms recommended by the Nomination and Remuneration Committee and approved by the Board of Directors. Manjrekar holds a Post Graduate Diploma in Financial Management from Welingkar Institute of Management Development and Research, Mumbai (Class of 2008). Shraddha brings with her over 20 years of experience in financial management, economic research, market intelligence, and strategic advisory. She has a strong track record in client communications, and ensuring compliance with tax and regulatory standards. Throughout her career, Shraddha has delivered insights, led client engagements, and driven growth through data-led strategies. Prior to joining Elcid Investments, she spent nearly 19 years at Frost & Sullivan Pvt. Ltd., where she served as an Industry Analyst. At Frost & Sullivan, she played a key role in forecasting market sentiment in the electric and urban mobility sectors, supporting consulting projects through scenario modeling and data-driven insights. She also conducted in-depth financial and macroeconomic analyses to support strategic decision-making. Shraddhas appointment is expected to bring strategic depth and analytical strength to Elcid Investments' financial leadership team. Elcid Investments is primarily an investment Company, and its business income is the income arriving out of investments held by the Company in terms of Dividends. The company is functioning under a single segment of investment activities. The company reported consolidated net loss of Rs 19.54 crore in Q4 FY25 as against net profit of Rs 15.92 crore posted in Q4 FY24. Net sales tanked 170.4% year on year to Rs 16.27 crore in Q4 FY25. Shares of Elcid Investments shed 0.77% to Rs 1,28,140.50 on the BSE.
