Volume growth remained tepid in 4QFY16: The rural segment continued to slow down further and did not show signs of…
Net sales at £6.6 bn (v/s est. £5.8 bn) grew 13% y-o-y (+14% q-o-q). JLR adj. Ebitda margins at 16.2%…
FY17e Ebitda upgraded by 8% to account for price hike
Sun Pharma’s reported sales of Rs 76.3 billion (in line with our est.), along with higher than expected EBITDA margin…
United Spirits S/L net sales were up 13% y-o-y to R22.8b (est. of R23.3 billion). Gross sales grew 11% y-o-y…
Shree Cement (SRCM) posted a multi-year high quarterly growth of +36% y-o-y (vs. our estimate of 31% y-o-y) in volume…
Bank of India (BOI) reported net loss (Rs 35.9 billion) for the fifth consecutive quarter on adjusted basis. Continued weakness…
Hindustan Unilever’s Q4FY16 performance was below expectations on net sales up 3.5% y-o-y to Rs 79.5 billion (est. Rs 80.5…
Carrier announced a final dividend of Rs 15/sh, taking full year dividend to ~R43/sh; this implies 93% payout
In FY16, Godrej Consumer’s (GCPL’s) international business contributed 47% of its consolidated sales. The company caters to 2 billion people…
The latest media reports suggest that Diageo is considering the possibility of increasing its stake in United Spirits (UNSP) from…
PAT grew 38% y-o-y to Rs411 million (vs. our estimate of Rs393 million). Europe contributed 40% and US comprised 37-38%…
Marico’s consolidated sales were up 6.5% y-o-y to Rs 13 billion (est. of Rs 13.3 billion), EBITDA grew by 26.4%…
Indian air passenger growth remains strong, with y-t-d FY16 domestic passenger/RPK growth at 24%/22% (33%/29% for Indigo).
Sobha’s 4QFY16 pre-sales were up 11% q-o-q to Rs 5.3 billion (0.9msf). FY16 cumulative pre-sales stood at Rs 20.12 billion…
We attended the Titan analyst day. Management highlighted the weak near-term demand prospects in its core categories — jewellery and…
We visited Hero MotoCorp’s (HMCL’s) state of the art R&D centre at Kukas, near Jaipur in Rajasthan, and came back…
MindTree Consulting (MTCL) updated its outlook on 4QFY16, now expecting marginal q-o-q organic growth, compared to earlier outlook of bettering…
