Cement maker ACC reported an over two-fold jump in consolidated net profit to Rs 569.45 crore for the second quarter ended June 2021
Bizongo, a B2B platform for unbranded goods, on Monday said it has created an advisory board and onboarded Asian Paints Vice Chairman Manish Choksi to the panel. The industry veteran brings with him over three decades of entrepreneurial and leadership experience in strategic integration of technology with a sharp focus on business expansion and growth across global markets, a statement said. Bizongo, which recently closed its series C funding of USD 51 million, is gearing to transform into a sustainable global institution as it expands in emerging markets of South East Asia, such as Thailand, Indonesia, Malaysia and Vietnam and starts servicing the developed markets of US, Middle East, Europe, it added. "With Choksi's counsel, Bizongo aims to ramp up its efforts across digital vendor management, supply chain automation, and supply chain financing. In parallel, the company is also focusing on creating a stronger portfolio of unbranded products that are not limited to packaging and ..
The recent optimism at the bourses stems from the hope that consumers will resort to 'revenge buying' once the lockdown condition is lifted following the second wave of Covid infections receding
Asian Paints expects an 'uncertainty in demand' in the home improvement categories on account of disruptions in operations after the second wave of the coronavirus pandemic
The company's Q4 show, however, was better than market leader Asian Paints
The overall chart pattern of Asian Paints indicates that the prevailing momentum is likely to continue
The Covid wave, rising raw material costs can impact near-term sales
The management said the domestic decorative business delivered a stellar performance, registering a 48 per cent volume growth in the quarter, led by robust growth in the premium and luxury product ran
The company's revenue from operations in Q4 was up 43.5 per cent to Rs 6,651.4 crore from a year ago
Asian Paints reported over 84 per cent jump in its consolidated net profit at Rs 852 crore for the January to March quarter as compared to Rs 462 crore in the previous corresponding period
M&M said its sales volume for the quarter ended June 2021 is estimated to be lower by 15-20 per cent as compared to the year-ago period due to the second wave of the coronavirus
Godrej Consumer's chart looks attractive with the RSI also improving the bias and indicating strength for further upside move in the coming days
Asian Paints seems to have completed its corrective move and are poised for a resumption of the uptrend
The lasting legacy of the Asian Paints chief, who retired last year, will be the diversification he undertook without hurting the core business
Falling crude oil prices to support margins
Improving urban demand, revival in construction activity paint a rosy picture, but high valuations and rising input costs are concerns
Q3 results point to the trend; consolidation will continue, say analysts
Will take on the likes of Asian Paints, Nerolac in a sector that has registered a revenue CAGR of 11% between FY14 and FY19
Analysts hike earnings estimates but remain cautious over its margins
Consolidated revenue from operations increased 25.2 per cent to Rs 6,788.5 crore in Q3, compared with Rs 5,420.3 crore last year