VIP Industries reported weak September Quarter 2023. While revenue growth came in at 6% YoY, operating margins fell four percentage points YoY and net profit declined 69% YoY in Q2FY24. The company’s internal problems visible through frequent change in top management has led to underperformance over the past 2-3 quarters. With the new managing director […]
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Suhani Adilabadkar Godrej Consumer Products reported stable September Quarter 2023 supported by both domestic and international markets. The company derives 60% of its revenues from Indian markets and the remaining from Indonesia, Africa, USA, Latin America and SAARC. Godrej Consumer Products Ltd (GCPL) reported volume growth of 10% and organic volume growth of 6% YoY […]
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Berger Paints reported a stable September quarter 2023 supported by double-digit volume growth. Though revenue growth was muted at 3.6% YoY in Q2FY24, operating margin expanded more than three percentage points and net profit increased 33% YoY. Headquartered at Kolkata, Berger Paints India has 16 manufacturing units across India, 2 in Nepal, 1 each in […]
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Relaxo Footwear reported strong September Quarter 2023 results supported by strong double-digit volume growth. After underperforming in FY23, Relaxo is back on stable footing in FY24 reporting strong performance over the past three quarters. Strong performance was supported by market share gains, liquidation of high-cost old inventory and stabilization of raw material prices. Highly impacted […]
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Dabur India delivered steady September Quarter 2023 results supported by stable growth in healthcare and home & personal care business. Volume growth came in at 3% YoY in Q2FY24. With Badshah business, volume growth stood at 5.8% YoY in September Quarter 2023. Rural India, though with visible green shoots, is still not in the pink […]
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Syngene International stock price fell 7% after Q2FY24 results were announced on October 18, 2023. Full year growth guidance was cut by the management which didn’t go down well with the street. The September Quarter 2023 results were strong with revenues and net profit or PAT rising 18.5% YoY and 14% YoY respectively in Q2FY24. […]
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Torrent Pharma stock price climbed 3% after strong Q2FY24 results on October 23, 2023. Torrent Pharma, flagship Company of the Torrent Group, is ranked 6th in the Indian Pharmaceuticals Market. The company has presence in the therapeutics segments of cardiovascular, gastro intestinal, central nervous system CNS, vitamins minerals nutritional (VMN) and cosmo-dermatology. It is a […]
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Kalyan Jewellers Kalyan Jewellers stock price is up 126% over the past one year. Kalyan Jewellers is one the largest jewellery retailers in India with a presence in the Middle East. The company offers an array of traditional and contemporary jewellery designs in gold, diamonds and precious stones catering to the distinct needs of the […]
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Torrent Pharma, flagship company of the Torrent Group, is ranked 6th in the Indian pharmaceuticals market in India. Torrent Pharma stock price has gained 25% over the past one year. The company has presence in the therapeutics segments of cardiovascular, gastro intestinal, central nervous system CNS, vitamins minerals nutritional (VMN) and cosmo-dermatology. It is a […]
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