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The strong performance in Q1 FY19 was on account of a good response to the Everyday Value offer on Regular Pizzas launched in March 2018, and which was supported aggressively during the IPL T20 cricket season.
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The Tata group company’s efforts to reduce debt has started showing results as interest costs in the quarter fell 33 percent to around Rs 52 crore, aiding the expansion in the bottom line.
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The Emirates Group announced its 30th consecutive year of profit and steady business expansion
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The hotel chain operating five and four star hotels for business and leisure travellers showed an increase in revenue from Rs 20.47 crores to Rs 23.65 crores.
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Executive Chairman of EIH Limited makes announcement during the 66th AGM while also saying company has shown better performance in terms of profitability compared to last year.
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Revenues were up 33.5% to €922 million; EBIT up 68.0% to €226 million; and the company had opened 23,000 rooms in this period.
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To drive organic growth, the group’s South Asia team has expanded its presence in state capitals, while accelerating growth in emerging secondary and tertiary cities as connectivity and infrastructure in the country improves.
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Brand produces 15% YOY increase in reservations revenue, strengthens iPrefer program, and marks first-time presence in five countries across the Middle East and Scandinavia.
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