Industry body Nasscom guided for FY2018E IT services export growth of 7-8% in constant currency, slower than 8.6% in FY2017. Most tier 1 IT companies grew at a slower pace than the industry in FY2017, a trend that does not se
The recent weakness in crude prices despite extension of production cuts by OPEC and select non-OPEC countries reflect quicker-than-expected recovery in crude production from Libya and Nigeria and the US shale.
Manpasand reported a healthy quarter overall albeit EBITDA/PAT were below our estimates. Overall, FY2017 was broadly in line with company guidance at start of the year and both Mango Sip and Fruits Up posted robust growth.
United Spirits (UNSP) reiterated its medium-term goal of double-digit topline growth and mid-to-high teen operating margin; key enablers for this goal remain strengthening core (P&A), maximising value from popular (via franch
We would be wary of looking at Unilever’s renewed aggressive focus (and stated targets) on operating margin expansion as a positive for HUVR, for two reasons – our (and presumably Street’s) numbers for HUVR already bake
Our analysis suggests that the Gujarat plant of Suzuki will be margin accretive to MSIL from FY2019 due to VAT incentives received by Suzuki for the plant for sales in Gujarat and richer product mix as the company prioritises
We expect CLGT’s revenue growth to recover to double digits and model ~19% EPS CAGR over FY2017-20 aided by 300 bps EBITDA margin expansion on the back of benign RM environment, better leverage and lower A&SP spends (as % o
The TeamLease stock has underperformed and corrected recently on account of heightened concerns on business momentum post demonisation as well as a technical overhang of share sale post the expiry of the IPO lock-in.
JK Lakshmi reported 4% growth in volumes despite a slowdown due to demonetisation. Earnings were ahead of our estimate aided by good volumes and lower other expenses and after sharp increase in fuel costs (due to pet-coke cos
FB delivered another strong quarter with earnings growth of 26% y-o-y led by ~33% y-o-y revenue growth. Cost growth remains high despite negligible expansion in infrastructure led by demonetisation and retirement-related cost