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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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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Bajaj Auto’s stock price touched its new 52-week high rallying 4% after September Quarter 2023 results were announced. Market leader in three-wheelers and 125cc motorcycles in India delivered strong Q2FY24 numbers supported by 15% increase in its average selling price (ASP). Thus, even with an 8% YoY volume decline, revenues came in at Rs 10,838 […]
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Federal Bank reported healthy September Quarter 2023 with robust loan book growth and strong asset quality. The stock price touched its new 52-week high of Rs 152 before Q2FY24 results were announced. The private sector lender’s stock price has since then lost 2.6%. September Quarter 2023 results looks impressive, highest ever net profit and net […]
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