At Whirlpool analyst meet, management laid out its 4-pillar strategy on Brand, Product, Growth and Foundation. Meaningful investment on brownfield capacity expansion is on the anvil. Target is to grow in double digits, with r
IPCA’s Q2 EBITDA grew 16% y-o-y (6x q-o-q), which was 33% ahead of our estimate. This was led by (1) strong recovery in India business, (2) 335 bps y-o-y improvement in gross margin with better product mix (lower anti-malar
Our meeting with Sun TV management suggests gradual revival in ad growth as national advertisers’ ad spends have improved – expected to improve further with the upcoming festive season, subscription revenue growth intact
Dilip Buildcon (DBL) has signed an agreement with Shrem Group for sale of its entire BOT portfolio, 14 operational, 4 under construction projects and 6 Hybrid Annuity Model (HAM) projects) at an equity value of Rs 16 billion
Sunteck Realty (SRL) reported strong pre-sales of R3.4 billion in H1FY17, up 48% y-o-y, driven by its Goregaon project (contributed 60% to pre-sales). Collections too improved significantly to R2.86 billion during H1, up 73%
Q2 sales grew 11% y-o-y on 64% y-o-y growth in LED and double-digit growth in fans and pumps dampened by 29% y-o-y decline in non-LED lighting (15% of sales). CGE will incur incremental non-cash ESOP expense of R200 million/R
After a lull of 4 years, Oberoi Realty Ltd (ORL) sold 6 units in its luxury project in Worli, Three Sixty West, for R2.37 billion (average realisation of R42,916 psf) driven by completion of its show flat.