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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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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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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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 […]
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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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