• AFL has agreed to sell its subsidiary Arvind Beauty Brand Retail Ltd (ABBRL), which operates Sephora India, to Reliance Beauty & Personal Care Ltd (RBPCL), in an all-cash deal.
• IndiGo turned profitable in Q2FY23 and reported a net profit of Rs 188.9 cr compared to a net loss of Rs 1,583.33 cr in Q2FY22. • Revenue rose 19.5% YoY to Rs 14,943 cr.
• Net profit was up 45.4% YoY at Rs 159.4 cr. • Revenue was up 10.9% YoY at Rs 2,302.5 cr. • EBITDA was up 45.4% YoY at Rs 204.7 cr. • Margin came at 8.9% vs 6.8% (YoY).