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While some carmakers like Maruti Suzuki have stated that price adjustments will vary depending on the model, others like Hyundai, M&M, BMW are echoing similar strategies to maintain profitability
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June quarter earnings were subdued because of lower sales volumes and volatile input costs
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Cooling input costs will also help cut retail prices, Crisil Ratings said in a report on Tuesday.
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Mrs Bectors’ revenue increased 37 percent in H1 FY23, faster than the 16 percent rise at Britannia
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The price rally was sharpest for Pune and Chennai, at 9% (YoY) each respectively; Delhi-NCR sales down by 10%
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Input costs are likely to remain high in the near term and the crucial question is whether tyre makers will be able to pass them on
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Analysts pared earnings forecasts even as UPL maintained revenue growth forecast for 2021-22
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The company's total production in March 2021 increased significantly to 1,72,433 units over the same month last year.
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The firm had on January 18 announced an increase in its vehicle prices by up to Rs 34,000 ex-showroom in Delhi.
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Indian consumers will now have to pay less for their LED TVs, thanks to the steep appreciation of the domestic currency against the US dollar. However, other home appliances are dearer.
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Gross margin is likely to flat due to rising input costs especially in sugar and flour prices. Robust advertising spends may also slightly mitigate expansion. Cost saving measures, however will continue to aid margins.
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The impact of the steel sector has been such that the stock of stalled projects increased after falling for five quarters.
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The hike has been necessitated by increase of input costs. We have been absorbing most of the costs but now we are constrained to consider the price rise in these challenging market environment, HMIL, Senior Vice President sales and marketing, Rakesh Srivastava said.
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The company will provide details of the increases later and said that "this (price hike) will be as per industry standards."
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According to Ansuman Das, the strong performance of NALCO in Q2 is sustainable in the second half of FY14 as the company holds a good stock of coal and the supply of coal is likely to improve further in Q3.
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In an interview to CNBC-TV18, AS Mehta, President, JK Paper speaks about the five percent price hike in its products on the back of increasing input costs. However, there may be a case for a further hike soon, if the rupee-dollar parity sees more fall, he says.
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Prices have appreciated the most in the country by over 50 percent in the last two years. But despite the slowdown Sobha Developers is not holding back on launches in Gurgaon.
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Shobhit Agarwal of Jones Lang LaSalle India explains about the need to introduce foreign direct investment in the real estate sector. He cites the rise in input and developmental costs as few of the reasons for the same.
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JSW Steel is considering increasing prices by 3-4 per cent as there has been a rise in input costs, a top company official said.
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Mahanagar Gas Ltd (MGL), the company that provides piped gas to households and compressed natural gas (CNG) to automobiles in the city, said today it will hike prices from midnight tonight by 2.57 percent due to higher input costs.
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Credit rating agency Icra today said the outlook for the cement sector continues to remain challenging due to rising input costs, unfavourable demand-supply scenario and overcapacity.
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While an agricultural crisis across the globe is making input costs costlier for FMCG companies, demand has begun to fall. But Marico chairman and managing director Harsh Mariwala explains to CNBC-TV18 that the situation is not as bad.
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Tyre maker Ceat rode back into the black with a consolidated net profit of Rs 41.5 crore in the fourth quarter, compared with a loss of Rs 12 crore a year ago, helped by good sales growth and softening rubber prices in recent months.
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Vijay Mallya owned United Spirits has surged 30% in the last one month and now CLSA Asia-Pacific Markets feels there may not be much fizz left in the stock. The brokerage on Thursday downgraded the stock to "underperform" from "outperform."
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Expect to pay more for your favourite soap soon. Godrej Consumer Products, for instance, plans to raise soap prices further given continued commodity cost pressure, like palm oil, which is a key input.
