Polycab delivered the highest ever quarterly profit after tax (PAT) in September Quarter 2023. Revenues were up 27% YoY accompanied by 59% growth in net profit or PAT in Q2FY24. While management is confident of strong growth momentum driven by India’s ongoing infrastructural growth story, investors are awaiting its fast moving electrical goods (FMEG) segment […]
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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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UPL reported disappointing Q2FY24 results on October 30, 2023. Revenue fell 19% YoY to Rs 10,170 crore in Q2FY24 compared to Rs 12,506 crore in the same period previous year. According to the management, revenue was impacted by global channel destocking and elevated pricing pressure. Operating margins came in at 15.5% in Q2FY24, contracting 666 […]
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Indiastockguru team Cipla reported strong Q2FY24 results supported by US and India markets. Cipla is ranked 3rd largest in pharma in India, 2nd largest in the pharma prescription market in South Africa and 4th largest by prescription in the US Gx inhalation products. The company has strengths in the respiratory, anti-retroviral, urology, cardiology, anti-infective and […]
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Greenlam Industries stock price jumped 14% after Q2FY24 results were announced. The company delivered robust September Quarter 2023 numbers. Greenlam is among the world’s top 3, Asia’s largest and India’s No. 1 surfacing solutions brand. With its presence in over 100 countries, Greenlam offers end to end surfacing solutions spread across decorative laminates, compact laminates, […]
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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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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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