Goal: ₹1,660 CMP: ₹1,659.75 Voltas has reported sturdy top-line development (46 per cent y-o-y, 15 per cent above BNPPEe), led by continued development momentum in Unitary Cooling Merchandise (51 per cent) and EMP (40 per cent) segments. Electro-Mechanical Initiatives’ EBIT margin (7.1 per cent) turned optimistic after six quarters, which drove an total 310 bp … Read more
Double-digit quantity progress, 18 per cent EBITDA margin and a wholesome 17 per cent year-on-year progress in adjusted web income, noticed the Jyothy Labs inventory shoot up over 7 per cent final Thursday, when the corporate introduced its Q1 outcomes. At a time when business leaders resembling HUL have been fighting low volumes, Jyothy Labs … Read more
Goal: ₹760 CMP: ₹716.75 Bikaji Meals Worldwide’s Q1-FY25 administration commentary reassured us on the topline trajectory, however margin outlook for FY25 seems to be bland. The administration is aiming for 13-15 per cent quantity progress for FY25, and expects product costs to extend by about 2-3 per cent. Return of rural demand is prone to … Read more
The FMCG business noticed rural consumption outpace city consumption within the March quarter (Q1, FY24) after practically 5 quarters. As per estimates launched by NIQ (NielsenIQ), quantity progress of the business in rural markets was pegged at 7.6 per cent over yr in the past, whereas city quantity progress stood at 5.7 per cent. Within … Read more