Indigo Paints Surpasses Industry Growth Rate

Indigo Paints Surpasses Industry Growth Rate, Forays Into Project Sales and Construction Chemicals Business 

Indigo Paints stock price has gained 48% since early March 2023. The company has been reporting double-digit YoY revenue growth over the past three quarters. According to the management, Indigo Paints has witnessed an industry leading growth rate and that too by a factor of more than 3x to 4x, which indicates significant market share […]

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Landmark Cars bullish on growth in India, adds M&M and MG Motors dealerships

Landmark Cars bullish on growth in India, adds M&M and MG Motors dealerships

Landmark Cars reported muted September Quarter 2023 numbers. Revenue from operations stood at Rs 771 crore down 10% YoY. The company offers a wide range of new passenger vehicles, from premium to luxury, electric vehicles as well as commercial vehicles. Their extensive brand portfolio represents nine OEMs across vehicle categories – from affordable hatchbacks to […]

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Apollo Tyres Focuses on Margins, Bets On Low Capex For Next Two Years

Apollo Tyres beat street estimates reporting strong operational performance in Q2FY24 driven by Indian operations. Apollo Tyres delivered resilient numbers despite a steep decline in exports in Q2FY24. The company witnessed export volume decline of 40% YoY in Q2FY24, but which is up 7% sequentially. Speaking on lower exports volumes, Gaurav Kumar, Chief Financial Officer […]

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Shree Cement On A Strong Expansion Spree, Premiumization Focus Remains

Shree Cement commissioned a new kiln with a capacity of 11,500 Tons per day at Nawalgarh, Rajasthan. With the commissioning of a new Rajasthan kiln, the company’s total cement capacity reached 53.4 million tons. Speaking on Nawalgarh kiln, Neeraj Akhoury, Managing Director at Shree Cement, said, “In our pursuit to become a 80 million tonnes […]

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Indian Markets support growth for Balkrishna Industries in Q2FY24

Balkrishna Industries is a leading player in the global off highway tyre market. The off-highway tyres (OHT) are used in specialist sectors, including the agricultural, construction, earthmoving, port and mining industries. Balkrishna Industries (BKT) has 4-5% of market share globally. BKT tyres are sold in over 160 countries through distribution networks in the Americas, Europe, […]

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PI Industries downplays competitive threat, pharma business to diversify export mix

PI Industries delivered robust September Quarter 2023 numbers. The stock price is down nearly 11% since December 13, 2023. While many of its peer group has been reporting muted numbers (due to inventory destocking) for the past several quarters, PI Industries is on double-digit revenue track for more than 12 quarters now. The company delivered […]

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Rupa & Company Sees Strong Growth Potential In Medium Term  

Rupa Company reported a good set of numbers in September Quarter 2023. Revenue from operations grew to Rs 302 crore, a rise of 6% YoY in Q2FY24 supported by double-digit volume growth. Volumes jumped 15% YoY in Q2FY24 and 10% in H1FY24. Volume growth in premium innerwear was the highest at  22% YoY, mid-premium grew […]

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JK Cement’s To Build 24 million Tons Cement Clinker Capacity By FY25

JK Cement reported healthy September Quarter 2023 numbers aided by strong volumes. The company reported 22% YoY volume growth of grey cement in Q2FY24. JK Cement is one of India’s leading manufacturers of grey and white cement in the country. The Company has an installed grey cement capacity of 20 MnTPA and white cement capacity […]

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