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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Bajaj Auto delivered yet another strong retail YoY growth of 28% in January 2024. Market leader in premium motorcycles in India reported negative retail growth in January 2023 and since then has been in a positive zone. Retail growth was in single digits only in February, April and October 2023. For the rest of the […]
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TVS Motors, the second largest two-wheeler manufacturer India in terms of revenue delivered stellar December Quarter 2023 results. TVS Motors ticked all the right boxes impressing investors with double-digit volume growth, robust revenue base, highest operating margins ever and highest net profit YoY growth over the past five quarters. In March 2020, TVS Motors stock […]
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Vedant Fashions market leader in branded Indian wedding apparel industry delivered a soft December Quarter 2023. The stock price is down 15% since its Q3FY24 results were announced on January 25, 2024. Vedant Fashions offers Indian wedding & celebration wear for men, women & kids through its popular brands Manyavar, Mohey, Twamev, Manthan and Mebaaz. […]
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Bajaj Auto touched its 52-week high of Rs 7,499 on January 25, 2024 and has gained 10% over the past one month. TVS Motor Company’s stock price currently at Rs 2000 levels is near its 52-week high. And Hero MotoCorp made a new 52-week high today as the street expects good December Quarter 2023 results […]
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Ceat stock price jumped 11% intraday after the company announced its September Quarter 2023 results. The street was enthused with better-than-expected margins and stable revenue and volume growth in Q2FY24. But with crude prices on an uneven track, it is a double-edged sword for tyre manufacturers. High raw material prices impact margins and price increases […]
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Aarti Industries is a leading manufacturer of specialty chemicals and pharmaceuticals in India. The company manufactures chemicals used in the downstream manufacturing of pharmaceuticals, agrochemicals, polymers, additives, surfactants, pigments and dyes. Aarti Industries specializes in benzene-based derivatives. The company’s key value chains include nitro-chloro benzenes, di-chlorobenzenes, phenylenediamines, nitro toluene value chain and sulphuric acid. Muted […]
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Metro Brands reported stable June Quarter 2023 numbers. The company is one of the largest Indian footwear & accessories specialty retailers. Metro Brands is one of the leading aspirational Indian brands in the Indian footwear industry. The company manufactures footwear and other accessories for the entire family with focus on mid and premium segments. As […]
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Hindustan Unilever, Marico, Godrej Consumer Products, Britannia and Nestle are near their 52-week highs. Nifty FMCG is up 35% YoY. The fast moving consumer goods (FMCG) sector is on a roll after strong and stable March Quarter 2023 results. Declining retail inflation in April 2023 improved sentiment among investors. With stable commodity prices, cooling inflation […]
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