Page 12 - Ebitda

Volumes to recover after two quarters along with margins: Godrej Consumer

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 ...

Shipping company Maersk expects supply chain chaos to buoy 2022 profits

Maersk said last month that it had been overtaken by Swiss-based container group MSC as the world's biggest shipper

Bosch net profit rises 27.5% to Rs 234.79 crore in December quarter

The company had posted a consolidated net profit of Rs 184.15 crore in the same period last fiscal

Rupa & Co net profit rises 34% at Rs 58.3 crore in December quarter

Revenues of the company increased 25 per cent during the quarter at Rs 433.2 crore as compared to Rs 345.6 crore in the similar previous period

Domestic cement industry poised for demand recovery in construction season

Amid a strong demand outlook, brokerages see capacities and existing utilization levels of the domestic cement industry on a rise in coming years

Tata Steel Europe will see one of best years of EBITDA: Koushik Chatterjee

The floods in South India had an impact on construction activity, as have pollution curbs in the National Capital Region, said Chatterjee

India Inc to show significant EBITDA growth in next 12-18 months: Moody's

The agency said that rising consumption, push for domestic manufacturing and benign funding conditions will support new investments

We will be net debt free by July 2022, says JSPL's MD V R Sharma

"Our main interest is not inorganic growth, it is brownfield expansion," said Sharma

ArcelorMittal Nippon Steel India EBITDA jumps 213% to $551 mn in Sept qtr

The EBITDA was lower than $607 million in the previous quarter, primarily due to a negative cost-impact, including higher iron ore and energy costs

Ola posts first-ever operating profit of Rs 90 cr in FY21 amid pandemic

This, even as revenues declined 65% to Rs 690 cr amid Covid-19 lockdowns

Adani Green's profit jumps six fold to Rs 100 cr in Q2FY22

Total income doubles, energy sales up 54% to nearly four billion units

Titan's Q2 net zooms over 270% to Rs 641 crore on demand recovery

With jewellery division doing exceeding well, and other divisions swiftly bouncing back to pre-pandemic levels, total income for the quarter was Rs 7,220 crore, including bullion sale of Rs. 192 crore

May have to absorb some of last quarter's severe cost hike: JSW Steel Jt MD

In a Q&A, Seshagiri Rao, who is also group CFO, says the firm could introduce a surcharge to pass on the spike, but may still absorb $90-100 cost per tonne of coking coal in Q3

Hindustan Zinc reworks export strategy amid high port logistics costs

The company has chosen alternatives such as Nepal, South East Asia and Bangladesh which are neighbouring markets and more reliable

Amid higher costs, steel firms may raise prices in the coming months

CRISIL Research and industry experts say a recovery in domestic demand since the second half of September can also prompt the hikes

A tug-of-war between bulls and bears: Analysts divided on Asian Paints

But given an optimistic market and a good monsoon, an upside is more likely

Bizongo turns profitable; eyes $300 mn in annualised revenue by FY22

The tech-enabled B2B e-commerce platform for customised goods, has grown four times since the start of the year, and already surpassed $200 million in annualised revenue.

Ind-Ra maintains stable outlook for H2FY22 on domestic steel sector

Higher coking coal prices could moderate per-tonne EBITDA margins, but absolute EBITDA is likely to be adequately compensated by robust sales volumes and elevated price levels

Tata Steel sells entire stake in NatSteel Holdings for $172 million

Company retains wires business as part of downstream portfolio

Raymond consolidates tools & hardware, auto parts biz into engineering biz

Board clears move to convert realty division into fully-owned subsidiary