Paramount Cosmetics Reports Q1 Loss, Reappoints Managing Director
Paramount Cosmetics (India) Limited reported a net loss of Rs 6.05 crore for Q1 FY2024, compared to a profit of Rs 1.35 crore in Q1 FY2023. Revenue from operations increased by 25.70% to Rs 467.69 crore. Total income rose to Rs 502.76 crore, while total expenses increased to Rs 501.70 crore. EPS declined to -Rs 0.50. The Board approved the re-appointment of Mr. Hiitesh Topiiwaalla as Managing Director for five years, subject to shareholder approval. Ms. Ankita Karnani resigned as Company Secretary and Compliance Officer.