The firm, however, expects a mid-single-digit volume drop on a high base in the quarter
Store additions strong while same store sales declined in Q1
Murugappa Group's turnover increased by 31 per cent to Rs 54,722 crore, as against Rs 41,706 crore in 2020-21
India is a fast-growing high-potential gaming market, but per capita spends still very low
Fall in raw material prices, low base, and normal monsoon are other positives
However, there is a significant variance in valuations, ranging from Rs 1,300 to Rs 1,730
Experts expect the firm to make further announcements in green energy
Based on sum-of-the-parts valuation, some analysts have pegged their target price between Rs 4,900-5,000
High refining margins, gas prices and telecom ARPUs key contributors; stock falls nearly 4 per cent on Monday
A refining golden age, tightening global gas markets and improving telecom subscriber quality point to a USD 20 billion-plus EBITDA run rate for Reliance Industries Ltd by end-2022, Morgan Stanley
In FY22, Tata Steel reported highest ever consolidated EBITDA of Rs 63,830 cr and Europe contributed significantly with EBITDA of Rs 12,164 cr
Globally, ArcelorMittal delivered a strong set of numbers despite inflationary pressures and the Ukraine war.
With margins seen under pressure and analysts' target price of Rs 350-410, the gains otherwise are limited
Margin pressure and valuation premium point to downside for stocks
Strong rebound likely over the next two years could boost sentiment
Paytm shares declined due to volatile market conditions, says Vijay Shekhar Sharma
Margins will continue in the 10-12 per cent range in FY23 as well
The pipeline of potential acquisitions is expected to contribute up to 30 per cent of its online arm's top line and EBITDA in the next five years, the company said
FMCG major Godrej Consumer Products Ltd (GCPL) is expecting volume growth to recover gradually next fiscal along with improvement in margins, coming out from the consumption slowdown and inflationary pressures, according to company Managing Director & CEO Sudhir Sitapati. The company will continue to focus on three existing categories - Household Insecticides, Air Care and Hair Colours - in both domestic as well as international markets for growth, as it believes there is "plenty of opportunities" in these areas. The Godrej group FMCG arm expects to have a "low volume growth and gradual improvement in EBITDA" for the ongoing January-March and coming April-June quarters. "As next year progresses, I expect volume growth to gradually recover but the EBITDA journey and the margin journey to go up continuously. I expect after two quarters or so, volumes will go up and margins will be a steady story going up," Sitapati told PTI. Terming the current situation in the market as ...
Maersk said last month that it had been overtaken by Swiss-based container group MSC as the world's biggest shipper