Cargo volume across major ports was flat in May 2019 YoY (+5.7% in Apr’19; +3% in FY19; as per Indian Ports Association) on subdued POL* volume (down 1%; 36% share) and thermal coal volume (down 11%; 15% share) and flat cok
A big driver for this is plugging of geographical gaps (rural/exports), leveraging on resounding success of the recent 650 cc Twins for its future product offerings, and growing non-motorcycle revenue.
MBL, Jagran Prakashan (JAGP)’s subsidiary, has acquired 24% stake (balance stake subject to approvals) in Reliance’s BIG FM for Enterprise Value of `10.5 bn (equity value at `3.5 bn, to be paid in 2 tranches).
With 10 msf of new launches planned in FY20 and under-construction annuity portfolio (revenue potential of `3.9 bn pa), both businesses (residential and annuity) will ramp up significantly over next few years.
Colgate’s Q4FY19 results print was a mixed bag — volume momentum was in line (up 5% y-o-y - domestic), but operationally, it disappointed as Ebitda growth was muted owing to GM-led margin weakness (higher promotional inte
Page posted its weakest-ever quarterly print (significantly below our/street estimates) dragged by slowdown, higher sales incentives (netted off from topline) and destocking by retailers (liquidity issues) compounded by high-
TRAI’s new tariff order (NTO) woes led to a subdued quarter for Sun TV (Q4 earnings in line with our estimates) as both ad (down 1% y-o-y) and subscription revenue (+4% y-o-y vs +21% in M9FY19) were adversely impacted. As t
DLF has assets in the area (retail and commercial SEZ), but the residential segment in the market remains stressed due to large number of legacy issues of developers who have unfinished inventory tied up in litigation.
Q4FY19 Ebitda was in line with expectations as relatively strong movie content aided 25% jump in footfalls (37% occupancy vs. 31.5% y-o-y; highest in last 16 qtrs), driving strong performance across segments.