Varun Beverages stock price has more than doubled over the past one year. Strong volumes, robust margins and consistent growth in revenues and profitability has stirred a strong investor interest in Varun Beverages Ltd (VBL). While the Indian fast moving consumer goods (FMCG) sector reels under lower volume growth rate, VBL’s volumes are growing in […]
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Tech Mahindra stock price soars 10%, TCS sulks The week started with Oscars and ended with Rajesh Gopinathan’s surprise resignation. Oscar win was anticipated, TCS CEO hanging up his boots four years before schedule was not. TCS stock price was down 2% by the end of the day. The underperformance of TCS compared to Infosys […]
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Federation of Auto Dealers Association (FADA) released strong auto retail numbers in all five auto segments for February 2023. Manish Raj Singhania, FADA President, said, “February 23 continued to witness double digit growth of 16% YoY but was still down by 8%, when compared to pre-covid month of February 20”. All auto segments reported strong […]
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Bata India’s stock price has fallen nearly 30% since April last year. Bata India, an iconic Indian footwear behemoth is facing headwinds in its core value segment impacted by inflation and GST. As consumer preference shifts towards sneakerization, athleisure and casual premium footwear, will Bata be able to maintain its supremacy amid high competitive intensity. […]
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Ipca Laboratories stock price was down 5% after a lackluster December Quarter FY22 results. While the net profit halved, operating margins tumbled more than eight percentage points in Q3FY23. The company is one of the largest manufacturers and suppliers of active pharmaceutical ingredients (APIs) in the world for over a dozen APIs. Ipca Labs manufactures […]
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Retail inflation at 6.52% in January 2023 surprised economists, analysts and the common man. A three-month high consumer price index (CPI) has validated RBI’s hawkish tone in the December monetary policy review. The central bank had raised the repo rate, key benchmark interest rate by 25 basis points. Repo rate is the rate at which […]
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Marico reported consolidated revenues of Rs 2,470 crore, 2.6% YoY increase against Rs 2,407 crore, corresponding quarter previous year. Domestic revenues came in at Rs 1,851 crore up 2% YoY in Q3FY23. International revenues (Rs 619 crore), 25% of total revenue base reported 8% YoY constant currency growth in Q3FY23. Volume growth for December Quarter […]
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Titan Company’s quarterly business update was released on January 6, 2023. The stock price fell 2% intraday on the same day. As per the Q3FY23 business update, watches & wearable segment reported sales growth of 14% YoY followed by jewellery segment sales rising 11% YoY. Eye care sales grew 10% YoY. Quarterly growth rates in […]
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The Reserve Bank of India released its bi-monthly Consumer Confidence Survey on December 8, 2022. The survey pertains to the November 2022 period and gathers information about consumers current perceptions and future expectations (current situation vis-a-vis a year ahead) with respect to general economic situation, employment scenario, overall price situation and own income and spending […]
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