Malpractice in cotton trade from November 2018 to June 2019 by two international customers, which delivered stock of sub-standard quality. MCX passed it off to investors who bought on the exchange platform.
As far as the real estate sector is concerned, the FM had met key stakeholders such as developers, home buyers and lenders on 11th Aug’19. In this note, we highlight the key wish list put forth by the sector.
The management is targeting 20% topline growth (led by 10% volume growth) for FY20. But, we believe this target is difficult to achieve, particularly as trade liquidity concerns have persisted for the first few months in FY20
Consolidated gross margin expanded 40bp y-o-y to 40.4%. Higher other expenses as percentage of sales (up 90bp y-o-y to 21.3%) and increase in staff costs as percentage of sales (up 20bp y-o-y to 4.5%), meant that Ebitda margi
Gross margin expanded 40 bps y-o-y to 70%, while EBITDA margin was up 270 bps y-o-y to 23.5% (against estimate of 20.3%). Volume growth for 1QFY20 was broad-based; domestic volume growth for both Horlicks/Boost stood at 4% ag