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 […]
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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 […]
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Eicher Motors Limited (EML), parent company of iconic Royal Enfield motorcycles delivered stellar March Quarter 2023 earnings. Eicher Motor’s stock price jumped 6% after Q4FY23 results were announced. The leisure biker reported its highest ever quarterly revenues and profit after tax (PAT) aided by strong volumes and robust export performance. EML’s revenue growth was highest […]
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Federal Bank reported its highest ever net profit of Rs 904 crore in March 2023 Quarter. Asset quality was stable with advances and deposits reporting 20% YoY and 17% YoY growth respectively in March 2023 Quarter. The stock price slid 8% intraday after Q4FY23 results were announced on May 5, 2023. Even with record net […]
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Dabur India Q4FY23 results disappointed investors with its lackluster revenue and net profit growth. The stock price is down 1.5% reacting to weak March 2023 Quarter results. While revenue growth was modest at 6.4% YoY, net profit was flat in Q4FY23. Revenues and net profit came in at Rs 2,678 crore and Rs 293 crore […]
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Supreme Industries stock price is near its 52-week high. The stock price gained 5% since its Q4FY23 results were announced on April 29, 2023. Supreme Industries is engaged in the processing of polymers such as polystyrene and expanded polystyrene (EPS), extruded polystyrene (XPS) and resins into finished plastic products. On a high base, the company’s […]
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Page Industries, Lux Industries and Rupa & Company stock prices are at their 52-week low. Dollar Industries stock price has fallen 42% from its 52-week high. With poor December 2022 Quarter performance, stock prices of men, women & kids innerwear companies of the Indian listed space have fallen considerably. In fact FY23 has been tough […]
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Varun Beverages stock price has more than doubled over the past one year. Strong volumes, robust margins and consistent growth in revenues and profitability has stirred a strong investor interest in Varun Beverages Ltd (VBL). While the Indian fast moving consumer goods (FMCG) sector reels under lower volume growth rate, VBL’s volumes are growing in […]
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Federation of Auto Dealers Association (FADA) released strong auto retail numbers in all five auto segments for February 2023. Manish Raj Singhania, FADA President, said, “February 23 continued to witness double digit growth of 16% YoY but was still down by 8%, when compared to pre-covid month of February 20”. All auto segments reported strong […]
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Bata India’s stock price has fallen nearly 30% since April last year. Bata India, an iconic Indian footwear behemoth is facing headwinds in its core value segment impacted by inflation and GST. As consumer preference shifts towards sneakerization, athleisure and casual premium footwear, will Bata be able to maintain its supremacy amid high competitive intensity. […]
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