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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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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ICICI Bank continued its stellar performance delivering double-digit growth numbers yet again in Q1FY24. ICICI Bank stock price has gained 21% over the past one year. Net interest income (NII) came in at Rs 1,82,27 crore in June Quarter 2023, a rise of 38% YoY. Net interest margin (NIM) stood at 4.78% in Q1FY24 compared […]
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Cipla Q1FY24 – Result Update Indiastockguru Team Cipla beat street estimates reporting robust June Quarter 2023. Cipla’s share price jumped 8% after Q1FY24 results were announced. The Indian pharma major reported 45% YoY increase in net profit and 18% YoY jump in revenues in June Quarter 2023. High revenue growth was driven by highest ever […]
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Two Wheeler Retail Sales
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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 […]
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