Q2 Result 2024: Eicher Motors, Vodafone Idea, Godrej Industries, Senco Gold, others releasing Q2 results today

Bosch Ltd reported its fiscal second quarter profit at Rs 536.70 crore, registering a decline of 46.32 per cent in comparison to Rs 999.80 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 4394.30 crore, up 6.40 per cent as against Rs 4130.10 crore during the second quarter of previous financial year. This growth, the company said, is driven by increased sales in passenger cars and off highway segment, particularly genset applications. The company EBITDA stood at Rs 560.5 crore, up 14 per cent on-year.

ICICI Securities said, “Fashion growth remained subdued (GMV growth 9.7% YoY) in Q2FY25 despite ~28% YoY growth in ad spends given the delayed festive season. Beauty segment continued to grow (GMV growth 29.1% YoY) aided by ~42% YoY growth in ad spends. Management indicated discounting from brands is coming down, which we believe is aiding Nykaa BPC’s ad revenue growth (I-Sec est: >20% YoY). House of brands business (beauty) continued to outperform, growing 48% YoY in Q2 aided by strong growth in both Dot & Key and Kay Beauty. Fashion house of brands grew 10% YoY, in line with broader weakness in the segment. Maintain ADD given the strong growth outlook in H2FY25 due to the delayed festive season and strong wedding season.”

A report by JM Financial stated, “Key takeaways from the call are a) aluminium CoP expected to be up 1%-1.5% in 3Q – spot auction prices of coal higher in 3Q so far b) downstream expansion through Silvassa plant and commissioning of Aditya FRP project, after ramp-up should take capacity to 600kt c) 300MW renewables energy target on track with 183MW currently operational d) hedging for 2HFY25; 30% of commodity at USD2,579/t and 15% at zero collar with a bottom of USD2,262/t and ceiling of USD2,567; 15% of currency hedged at Rs 88 e) alumina expansion to be done in future followed by copper smelter, each being 80bn upstream projects. The long term outlook for Hindalco continues to remain buoyant given a) resilient performance by India aluminium operations b) record high run rates in the copper business c) enhanced coal security post acquisition of Meenakshi, Meenakshi west and Chakla coal mines as well as bauxite through Aditya FRP project and d) growth capex to augment capacity in downstream business. Hindalco, given ~70%+ steady/strong EBITDA being non-LME linked, remains our preferred play in the metal space.”

A report by Elara Securities stated, “Britannia posted 5.3% YoY sales growth, driven by 4.5% value growth, below our estimates of 8.0%, with an 8% volume increase in Q2FY25. Growth lagged due to a slowdown in the urban markets while rural sales grew twice as fast. Metro-urban areas contributed 2.4x more to the slowdown than their share in sales. Management attributed this urban slowdown to higher housing cost (22% of urban spending) alongside modest earnings growth. Despite this, the company retained its market share. Focus states, including Madhya Pradesh, Rajasthan, Uttar Pradesh, and Gujarat, outpaced other regions, growing at 1.9x with enhanced direct and rural distribution. Adjacent businesses of rusk and wafer expanded due to solid distribution, and drinks saw robust double-digit growth. Innovation accounted for 2% of sales, supporting product launches aligned with regional taste and premiumization.”

Today, majors including Eicher Motors, Solar Industries India, Torrent Power, Kalyan Jewellers India, Alkem Laboratories, Vodafone Idea, Deepak Nitrite, Godrej Industries, Apollo Tyres, Sun TV Network, NBCC (India), Century Plyboards, Redtape, Happiest Minds Technologies, Thomas Cook (India), Senco Gold, Borosil, Pitti Engineering, Arkade Developers, Dish TC India, Vardhman Holdings, among others are lined up to release their Q2 results.

With majority of companies across sectors including TCS, HCL Technologies, Infosys, Wipro, Tech Mahindra, Reliance Industries, Mahindra and Mahindra, Bharti Airtel, HUL, ITC, Marico, Dabur India, Nestle India, Britannia, L&T, Adani Enterprises, Nykaa, Apollo Hospitals, Mankind Pharma, Dr Reddy’s Laboratories, GAIL, LIC, Godfrey Phillips, SBI, HDFC Bank, IRCTC, Coal India, JK Lakshmi Cement, Havells India, Paytm, ABFRL, Zomato, Lupin, Hyundai Motor India, Tata Motors, and others already having released their Q2 numbers, the second quarter earnings season is now nearing its end.

Good Morning! As the quarter earnings season is nearing its end and the majority of companies have already released their Q2 results, we, at FinancialExpress.com, have been continuously bringing to you all the updates on these numbers. Going forward as well, we will continue to keep you updated on these numbers, dividends announced by firms, reasons leading to their growth and even factors affecting the businesses. Stay tuned.