The agro processing division clocked strong domestic performance, but international operations underperformed. JISL’s net debt jumped by ~Rs 2.3 billion y-o-y to Rs 43.4 billlion, including Rs 3.2 billion related to the US
This, coupled with cost rationalisation and efficiency improvement measures, led to EBITDA margin jumping 64 bps y-o-y. We envisage entry in new categories & geographies, improving premiumisation drive and pick up in demand t
Divi's Laboratories’ Q2FY18 numbers were soft with revenue, EBITDA and PAT declining 11 %, 5 % and 33 % y-o-y, respectively. Adjusted for one-off staff bonus of Rs 791 million last year, EBITDA fell 25 %.
Rallis India’s Q2FY18 consolidated revenue of Rs 5.9 billion was up 9 % y-o-y, but below our 15 % growth estimate. Standalone revenue of Rs 5.5 billion grew 11% y-o-y, driven by double-digit growth in both domestic and expo