Investors need to keep track of the recovery in rural markets, given that almost 35-40 percent of revenue contributions come from that segment
The introduction of the demonetisation scheme resulted in discomfort for many sectors. However, the cash clean-up is creating a level playing field for the organised players, believes Sanjeev Bhatia, CFO, PC Jeweller.
During the period, its revenue increased 6.6 percent at Rs 1307 crore compared to Rs 1226 crore year-on-year. In Q4, EBITDA was up 27 percent at Rs 217 crore from Rs 171 crore (YoY). In percentage terms, EBITDA was at 16.6 percent in Q4 from 13.9 percent (YoY).
KPIT's operating margin improved by 57 basis point (bps) mainly on rupee depreciation.
S Swaminathan also tells CNBC TV18, that Intellect intends to mainly invest in its infrastructure, R&D and sales and marketing.
The company is likely to enjoy gross margins of 50% and operating margins of 25% on this order win, said Omkar Herlekar, whole time director of Omkar Speciality Chemicals.
Credit Suisse lowered target price to Rs 470 from Rs 481 as it reduced earnings estimates by 3 percent to build in marginally lower gross margins.
In case the winter sets in properly then the company expects products like Boroplus, Chyawanprash, lotions to do well and aid growth in coming quarters, says NH Bhansali of Emami Group.