The company’s strong rebound in the FMEG business and outperformance in W&C continue
Incumbents have stepped up their expansion plans in order to preserve market share, as large corporates prepare to enter the sector.
Revenue growth remains strong; however, margins were impacted due to the change in product mix
A strong brand recall and the shift in produce mix are positives for profitability
Consumer durables and wires and cables segments continue to perform, supported by the rural recovery and rebound in government spending
VIL’s growth trajectory looks promising on the back of its financial track record, geography diversifications strategy, and competitive market positioning
The rebound in consumer demand is supported by the recovery in real estate and a promising summer season
Subdued Consumer Demand Persists Amid Hints of Recovery; Robust Infrastructure Support for Cables and Professional Lighting
Favourable demand momentum from infrastructure and power sectors supporting the strong performance of Polycab
The rush to risk has also benefited oil and industrial commodities while undermining the safe-haven dollar and gold.
Sajjan Bhajanka, MD, Century Plyboards is confident of maintaining 25 percent CAGR in FY16 too. The company is all set to launch new ad campaigns in June to improve sales.
Three months prior to listing, two weaknesses were glaringly obvious: Competition was almost 10 times bigger than V-Guard, which had revenues less than Rs 200 cr; the Kochi-based company was also overly dependent on stabilisers, which accounted for 50% of its revenues and 80% of profits.
"The operating margins were impacted by two components. Higher ad spends in IPL impacted margins by two percent," said Mithun Chittilappilly, managing director at V-Guard in an exclusive interview to moneycontrol.com.
More than 20,000 telegrams were booked on the last day of the telegram service on July 14. One of the last messages to be booked was for Congress Vice President Rahul Gandhi.
American researchers have created super stretchable wires that can be expanded up to eight times their length...
In an interview to CNBC-TV18, Mithun Chittilappilly, executive director of V Guard Industries spoke about the latest happenings in his company and the road ahead.