Broad-based recovery in home and personal care categories in domestic markets and Indonesia showing signs of recovery
Last week, Ipca Laboratories reported net profit of Rs 87.89 crore for the quarter ending December 31, 2012 on the back of strong sales across domestic and international markets. AK Jain, ED, Ipca Laboratories told CNBC-TV18 that the margins are going to remain in the regions of around 32 percent plus.
iGATE CEO Phaneesh Murthy explains to CNBC-TV18 that the economy in the US has begun to witness a trickle of growth and stability.
Fast moving consumer goods major Hindustan Unilever and local rival Godrej Consumer Products is likely to get some respite from declining margins due to a drop in prices of palm oil, a key raw material for their soaps.