MLL employs about 1,200 people on an average (1,400 at peak), including 800 involved in the operations. We also visited its JIT/JIS facility (caters to Volkswagen and other customers) and warehousing facility (for a large mul
Sobha reported contracted sales at Rs 6 bn, 2% decline y-o-y (-3% q-o-q), as sales were muted on delayed launches in Bangalore. Two of three projects launched during the quarter were opened for sale in Dec’18. Bangalore rep
Cummins India (KKC)’s balance sheet has seen a stark change in the past five years, with increased allocation to investment properties and current investments, leading to a 150% rise in interest and rental income versus a 1
ZEEL flagship Zee TV further extends its lead in pay GEC space; regional portfolio also on an uptrend: Based on viewership data from the BARC website, Zee TV further strengthened its position among pay Hindi GECs in May 2018.
In 4QFY18, Tata Motors reported consolidated EBITDA margin of 13.1% (-220bps YoY), impacted by subdued performance at JLR lead by higher marketing expense, and one-time charges for projects de-prioritised under “Fit for Fut
The Indian surfactants market is estimated to post a CAGR of 6% over FY15-24 and oleochemical-based surfactants could continue to gain market share. Galaxy is well-positioned to take advantage of this.
In CY17, India’s market share in home textile exports to the US (sum of all products) remained flat YoY at 33%. India’s market share (in dollar terms) in cotton sheets increased 1ppt YoY to 50% in CY17.
PGCIL reported an adjusted net profit of Rs 2,200 crore, adjusted for provisions for employee wage revision. Employee cost revision is a pass-through under CERC norms and hence we do not find it to be a cause of concern.
Havells reported 3QFY18 result broadly in line with expectations. Havells’ base revenue was up 14% y-o-y (adjusted for GST impact) led by Consumer Durables (+33%, especially Water Heaters), Lighting (+21%) and switch gears
CDSL’s stable revenue base driven by repeat business in multiple offerings across DP’s, corporates, capital market intermediaries, insurance companies and others has enabled the company to clock 18%+ CAGR top-line growth