SRF – Q1FY24 update SRF is a chemical based multi business entity engaged in the manufacturing of industrial and specialty intermediates. The company’s diversified business portfolio covers fluorochemicals, specialty chemicals, packaging films, technical textiles, coated and laminated fabrics. SRF has four major business segments, specialty chemicals, fluorochemicals, technical textiles and packaging films. Muted June Quarter […]
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Nifty FMCG rose 0.26% over the past one month, lowest among all the Nifty sectoral indices. High retail inflation and erratic monsoon this year are the significant contributors to the woes of the Indian fast moving consumer goods (FMCG) sector. Inflation trajectory and rainfall pattern and distribution influences rural FMCG revenue contribution in India. Rural […]
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PVR Inox reported lackluster June Quarter 2023 results due to weak movie content and lower occupancy. Occupancy fell to 22.4% in Q1FY24 compared to 31.4% in the same period previous. Lower occupancy led to revenues falling 17% YoY in Q1FY24 to Rs 1,324 crore of the combined entity adjusted for the pro forma numbers (combined […]
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Titan, India’s leading consumer lifestyle company reported stable June Quarter 2023 results. Revenue from operations came in at Rs 11,897 crore, a rise of 26% YoY. But what concerned investors was low operating margins reported at 9.5%, a fall of 320 basis points (bps) YoY in Q1FY24. Margins were impacted by volatility of gold prices […]
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Eicher Motors reported robust June Quarter 2023 results. The stock price was up 3% intraday after Q1FY24 results were announced. But even with a 3% jump, Eicher Motors stock price could not recoup its 7% fall suffered since July 3, 2023. Eicher Motors reported consolidated revenue growth of Rs 3,986 crore, highest ever quarterly revenues, […]
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Dabur India, the Indian FMCG ayurvedic major reported strong Q1FY24 earnings. The stock price jumped 3% intraday after the June Quarter 2023 result announcement. While rural volume growth has just turned positive for Hindustan Unilever (HUL) in Q1FY24, Marico is yet to witness green shoots in the rural arena. Overall, FMCG market reported volume growth […]
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July retail auto sales increased 10% YoY, similar to June 2023. All auto categories reported positive YoY jump in retail sales, but it was a different story sequentially. Three wheelers is the only auto category that witnessed retail sales increase both YoY and sequentially. Three-wheeler retail sales increased 74% YoY and 9% QoQ in July […]
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Unseasonal rains took fizz out of Varun Beverages volume growth in June Quarter 2023. The second largest franchisee of PepsiCo outside the USA reported stable Q2CY23 results. Varun Beverages Ltd (VBL) produces and distributes carbonated soft drinks (CSDs), non-carbonated beverages (NCBs) and packaged drinking water sold under trademarks owned by PepsiCo. VBL produces and sells […]
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Bata India stock price is up 6-7% over the past two days. A possible tie up with Adidas is in the works according to a CNBC report. After falling 3% intraday post muted Q1FY24 results, a possible Bata-Adidas deal reared up Bata India stock price which was down 11% till August 14, 2023. It’s a […]
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Axis Bank reported steady June Quarter 2023 results aided by strong loan growth and other income. The third largest private lender reported robust net interest income (NII) rising 27% YoY in Q1FY24. NII came in at Rs 11,959 crore in June Quarter 2023 compared to Rs 9,384 crore corresponding quarter previous year. Net interest margin […]
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