BUSINESS
Titan Q2 preview: Anticipates high revenues and marginal profits
Titan’s fiscal second quarter net profit is likely to rise 1.9 percent year-on-year to Rs 889 crore according to a poll of analysts’ estimates.
BUSINESS
Mamaearth IPO: An empty vessel making loud noise?
Given the dull subscription numbers for the initial public offering on Day 1, investors seem to be consciously avoiding any risk.
BUSINESS
Parachute likely to turn around with 5-7% volume growth, says Marico CEO
In Parachute Rigids, Marico expects to grow volumes in the range of 5-7 percent over the medium term, given the market construct and strengthening brand equity, said the company in its investor presentation.
BUSINESS
Britannia Industries Q2: Net profit may rise 11% on-year on flat revenue; volume growth in focus
Growth in volumes may come under pressure from the unorganised sector, but Britannia hopes to see some growth in the dairy and bakery segments.
BUSINESS
Tata Consumer Q2 results preview: Investors seek profit jump as sales grow, margins expand
Tata Consumer's consolidated net profit is likely to jump about 22 percent year-on-year to Rs 341 crore in the July-September quarter, as per an average of three brokerage firms’ estimates.
BUSINESS
Momentum fund manager says market throwing more ‘sell’ than ‘buy’ signals
Leaders of the last rally are show weakness, says Umeshkumar Mehta of Samco Mutual Fund. Based on the signals, he has raised cash levels in the fund to 15 percent
BUSINESS
Nestle India’s rural play: Teaching customers to drink coffee, augmenting distribution
Nestle India uses a strategy it calls ‘RURBAN’, to expand reach into small towns and villages.
BUSINESS
Asian Paints Q2 preview: Paint major to report moderate revenue growth on monsoon, delayed festive season
The paint major is likely to clock a 62.9 percent year-on-year (YoY) growth in net profit, at Rs 1287.4 crore
BUSINESS
ITC’s cigarette revenue growth takes a drag; should investors be concerned?
Analysts are expecting a mid to high single digit growth rate in volumes for cigarettes, and a double digit growth in revenues, provided the tax regime remains moderate.
BUSINESS
Witnessing market share loss in mass end of the market, says HUL CEO Rohit Jawa
Rural demand in FMCG market remained subdued in the July-to-September quarter. Volumes in rural declined 1% on a two-year CAGR basis, while urban volumes increased 3 percent on a two year basis
BUSINESS
Nestle Q3 earnings growth to beat peers; strong pricing, easing raw material costs to boost profits
Analysts say that the softening prices of edible oils and packaging, coupled with no discounts, will enable the company to override any pressure on margins.
BUSINESS
ITC Q2 preview: Net profit likely to rise on robust cigarette, FMCG, hotels sales growth
The company's FMCG business is expected to report YoY growth of 12 percent, and the hotel segment 12.5 percent
BUSINESS
Here are top PMS funds in September, most of them are fairly new
Data sought from PMS Bazaar shows the top ten funds which gave the highest returns in September, most of them have even outperformed the benchmark since inception
BUSINESS
Avenue Supermarts Q2 preview; Net profit expected to fall 4%
As of October 13, Avenue Supermarts has 9 sell calls and 6 hold calls
BUSINESS
FMCG Q2 preview | Revenue growth to slow on patchy rains and food inflation
FMCG companies had largely reported double-digit revenue growth in the same quarter last fiscal due to the price hikes taken on back of raw material inflation
BUSINESS
Why veteran investor Porinju Veliyath is betting big on Kerala Ayurveda
Porinju Veliyath counts on the fact that Kerala Ayurveda Academy in the United States offers courses to Americans, who subsequently establish clinics and distribute the company's products across the country
BUSINESS
Defence, railway stocks expensive; Tata fund manager says ‘difficult to make money at these valuations’
Earnings are expected to turn out better for consumer companies this year as margins were impacted in the last one year over high commodity prices
BUSINESS
Two influencers accused of a million-dollar fraud continue to inspire people on Instagram
According to the Enforcement Directorate, the money collected from the investors were moved to other companies and entities which were related to the perpetrators, without the knowledge of the “gullible investors”.
BUSINESS
Expect moderate returns post Nifty 20k moment: Ashutosh Bhargava of Nippon Mutual Fund
Fund manager and head of equity research at Nippon Mutual Fund says he is not happy with too many IPOs. He says the fund house is least confident in sectors reliant on external demand, such as IT services and commodities
BUSINESS
Signature Global IPO this week: Affordable realty firm pivots to mid-income housing, avoids luxury projects
Signature Global chairman Pradeep Aggarwal, and chief executive officer, Rajat Kathuria, says the shift to mid-income housing was a result of customer feedback after COVID-19. They also say that in the next 3-5 years, the company will be focused on Delhi-NCR.
BUSINESS
Lemon Tree's Keys chain due for renovation, may hurt EBITDA margins further
The hotel chain’s RevPar (revenue per available room) in Bengaluru and Hyderabad couldn't outperform industry levels due to sluggish performance by the Keys chain.
BUSINESS
With Nifty at 20k, this sector enjoys maximum bullishness; Stocks to sustain gains
While all sectors are contributing to the momentum, the performance of select sectors will be pivotal in ensuring a sustained upward trajectory.
MARKETS
Bullish on India I Pepsi maker Varun Beverages set to ride on growth in refrigerator sales in rural areas
The stock is currently trading at 46 times its FY25 EPS estimates. Although the current valuations are stretched, and there is a limited near-term upside on the stock, it has strong growth prospects for the long-term
BUSINESS
Busy week for primary market with 6 IPOs, 5 listings ready to hit the Street
The fund raising via six upcoming IPOs would be little more than Rs 4,000 crore.
