Jul 23, 2012 03:00 PM IST
Philips Electronics beat forecasts for second-quarter profit, boosted by sales of state-of-the-art hospital equipment and energy-efficient light bulbs, providing more evidence that a drastic overhaul of its business is starting to pay off.
- Nov 08, 2011 05:32 PM IST
Bank of India has posted a net profit of Rs 491 crore, far below street expectations. A CNBC-TV18 poll had pegged the figure at Rs 603 crore. “This is on account of a jump in provisioning against NPs for the quarter,” says Alok Kumar, chairman and nmanaging director, Bank of India.
- Nov 08, 2011 10:32 AM IST
Looking at the results season so far, Rakesh Arora, head of research – India at Macquarie Capital Securities tells CNBC-TV18 that he expects to see a 5-6% cut in consensus estimates.
- Nov 01, 2011 01:16 PM IST
Just last year Hindustan Unilever found itself fighting a bitter price war with Procter & Gamble, especially in the detergents business. Many analysts downgraded the largest FMCG company in India saying the aggressive price competition would ultimately render the detergents business unprofitable.
- Oct 31, 2011 03:10 PM IST
In its second quarter results reported today, Dabur India announced its sales figure at Rs 1,269.72 crore, up by over 30%, however, the company witnessed some depression in the margins. However, talking exclusively to CNBC-TV18, Sunil Duggal, CEO at Dabur India said that the company does not expect any further margin contraction in Q3.
- Oct 31, 2011 11:46 AM IST
Maruti Suzuki disappointed the street with much lower than expected second quarter results; the stock slid over 5% early on Monday as investors went for the exit.
- Oct 29, 2011 01:25 PM IST
FMCG companies in India have been battling high cost of raw materials for several quarters. Hindustan Unilever raised prices across several product categories over the last few months to offset some of the cost pressures and shore up margins.
- Oct 19, 2011 01:55 PM IST
In an exclusive interview to CNBC-TV18, chairman A Vellayan says that he expects the raw material situation to improve in the coming quarters.
- Oct 11, 2011 10:59 AM IST
Although Kawaljeet Saluja, associate director and head of research, Kotak Institutional Equities, expects a 5% dollar revenue growth in Q2, he said, the company may knock off a percent or two from the dollar revenue growth guidance for FY12.
- Jul 19, 2011 02:12 PM IST
Technology giant IBM has reported a 8.28% rise in net income to USD 3.66 billion for the April-June quarter of 2011, driven by the robust performance of all major product categories such as software, services and hardware.