Marico reported consolidated revenues of Rs 2,477 crore in Q1FY24 against Rs 2,558 crore, corresponding quarter previous year. While revenues reported 3% YoY fall in June Quarter 2023, net profit increased 15% YoY at Rs 427crore. Domestic revenues came in at Rs 1,827 crore down 5% YoY in Q1FY24. Lower revenue growth was due to […]
Continue Reading
Polycab India reported highest ever quarterly revenues and net profit in June Quarter 2023. The stock price jumped nearly 4% post Q1FY24 result announcement. Polycab India made a new 52-week high as its revenues and profit after tax (PAT) jumped 42% YoY and 81% YoY respectively in June Quarter 2023. Polycab India Limited is one […]
Continue Reading
Two Wheeler Retail Sales
Continue Reading
Brent crude price has fallen more than 26% over the past one year. The government and central banks tangoed across all major economies to chain in inflation which led to oil’s downfall. High inflation reduces demand by eroding consumer purchasing power impacting every sphere of economic activity. Gross domestic product (GDP) growth rate of all […]
Continue Reading
In a hot and dry June weather in India, respite came in the form of 25-month low retail inflation in May 2023 the RBI. Consumer price index (CPI) or retail inflation in India slowed down to 4.25%, closer to the Reserve Bank of India’s (RBI) comfort level. The Indian central bank is required to maintain […]
Continue Reading
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 […]
Continue Reading
Marico, leading consumer products company in India, reported mixed June Quarter 2023 results. The manufacturer of Parachute and Saffola Oil has a diverse portfolio constituting Hair & Care, Parachute Advansed, Nihar Naturals, Mediker, Pure Sense, Coco Soul, Revive, Set Wet, Livon, Just Herbs, True Elements and Beardo. The company reported volume growth of 3% YoY […]
Continue Reading
Lux industries reported 22% YoY revenue growth and a 58% YoY fall in net profit in March Quarter 2023. The stock price is up 4% since the Q4FY23 results were released on May 30, 2023. The positive stock price reaction is due to strong double-digit revenue growth, highest among the top quartile of the innerwear […]
Continue Reading