Lux Industries Ltd’s net profit for the second quarter ended September 2019 jumped 95 percent to Rs 41 crore ($5.7 million), as against Rs 21 crore it had reported during the previous quarter ended September 2018.
The chairman of consumer goods giant Unilever said on Wednesday he is stepping down after three years in the role. He will hand over the reins to Nils Andersen, but will remain on the board as a non-executive director.
Dollar Industries Ltd witnessed a 30 percent decline in its net profit to Rs 14 crore ($2 million) for the second quarter ended September 30, 2019, as against Rs 20 crore it had reported in September 2018.
Bombay Dyeing & Manufacturing Co Ltd saw its net profit for the second quarter plummet 73 percent to Rs 89 crore ($12.5 million), as against a net profit of Rs 325 crore it had posted in the year-ago period.
The CEO of the American fashion group, who stepped into his role in early 2015, will be succeeded by chairman of the board, Robert J. Fisher, heir of the company's founding family, who takes over as interim CEO.