Fast Retailing, parent of Uniqlo, saw same-store sales rise in May due to enhanced marketing and strong demand for summer products. The company reported significant revenue and profit growth for the nine-month period ending May, with Greater China being its second-largest market.
Tata Consultancy Services (TCS) is projected to report modest profit growth for Q1FY27, with revenue expected to be nearly flat sequentially. Factors like weak client spending, wage hikes, and AI-driven pricing pressure are impacting performance. Investors will focus on management commentary regarding demand recovery, BFSI growth, margins, and AI strategy.
Singtel CEO Yuen Kuan Moon's compensation fell 16.9% to S$6.8 million for FY23, despite a 39.5% rise in net profit. The company cited "material operational and reputational issues" including network outages at Optus and disruptions in Singapore.
ITC's net profit grew 5% YoY to Rs 5,113 crore in Q4 FY26, with revenue up 17% to Rs 21,695 crore, driven by cigarette excise duty. The company recommended a final dividend of Rs 8 per share.
Hindustan Unilever reported a 21.4% rise in Q4 profit but cautioned that escalating geopolitical tensions in the Middle East could drive commodity inflation and currency volatility, prompting the firm to implement tighter cost controls and calibrated price hikes.
POSCO Holdings reported a first-quarter net profit of 540 billion won, up from 340 billion won a year ago, supported by strong performance from affiliates like POSCO International and a return to profitability for POSCO Future M.
China's major industrial enterprises posted 15.8% profit growth in March, the fastest since September, driven by AI and semiconductor sectors. Q1 profits reached 1.696 trillion yuan, up 15.5% YoY. Manufacturing outpaced mining with 19.1% vs 16.2% growth. Computer and electronic equipment profits surged 120%, while optical-fibre manufacturing profits jumped 336.8%.
