Bata India Ltd, European footwear giant and India’s most trusted Indian footwear brand reported lackluster December Quarter 2023. Revenue was stagnant and came in at Rs 9,034 million in Q3FY24 compared to Rs 9,002 million same period previous year. Earnings before depreciation, interest, tax and amortization (EBDITA) margin was reported at 21.3% in Q3FY24 compared to 23.7% in the same period previous […]
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Brent crude was $73 per barrel on December 13, 2023. The oil benchmark gained 20% by March 19, 2024. Geo-political tensions such as the recent Ukraine drone attack on Russian facilities and economic uncertainties have increased crude oil prices over the past few months. After touching $88 per barrel on March 19, 2024, Brent crude […]
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Ola Electric market share stands at 2.35% in the Indian two-wheeler sector as per Federation of Automobile Dealers Association (FADA) February 2024 data. In the electric two-wheeler segment, Ola Electric’s market share stands at nearly 40%. The market leader with a strong portfolio of electric scooters, Ola S1 Pro, Ola S1 Air and Ola S1 […]
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Britannia Industries stock price fell 4% after its December Quarter 2023 results were announced. While the street was expecting muted growth in Q3FY24, consistent low single digit revenue YoY growth over the past two quarters disappointed investors. Revenues came in at Rs 4,256 crore in Q3FY24 compared to Rs 4,197 crore, same quarter previous year, […]
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Nifty Auto has gained 66% over the past one year. According to FADA retail vehicles data, the overall auto retail market reported double-digit growth over the past four months, since November 2023. February 2024 retail market grew 13% YoY with three wheelers leading the auto pack. The three-wheeler market saw a significant increase of 24% […]
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