GOLDEN TOBACCO LTD Q4 RESULTS
Rupee at the mercy of politics? What’s the fate of the rupee?
The recent volatility in Indian markets and the rupee reflects a shift in the political landscape, with Narendra Modi's BJP failing to secure a majority. Despite forming the coalition government, its fortunes — and that of the Nifty and the rupee — will remain dependent on the allies.
Best Hair Bleach Products for Vibrant Transformations and Radiant Hair
This curated selection features some of the best hair bleach products, designed to deliver consistent, and even lightening for all hair types. From pre-lightening your hair to prepare for bold colours to achieving natural, sun-kissed highlights, these products ensure professional-grade results with ease. Enriched with nourishing ingredients like argan oil, flax oil, and almond oil, they protect and condition your hair during the bleaching process, minimising damage and enhancing shine.
ITC share price targets go well beyond Rs 500 after Q4 results. Should you buy, sell or hold?
ITC's Q4 results disappoint investors, shares drop nearly 1% to Rs 437.85. Brokerages raise target prices up to Rs 540. Citi sets target at Rs 515, warns of regulatory impact. Morgan Stanley targets Rs 506, CLSA at Rs 470. Motilal Oswal sees defensive potential, Kotak trims EPS, targets Rs 465. JM Financial holds highest target of Rs 540, emphasizes on cigarette volume growth and capital allocation strategy for rerating.
ITC Q4 Results: Net profit drops marginally to Rs 5,020 crore
Revenue from operations went up by 1.4% at Rs 17,752.87 crore in the period under review. The company said excluding the agri-business (which was severely impacted due to government restrictions in trade of agri-commodities), the company’s gross revenue during the fourth quarter has gone up by 6% y-o-y.
Consumption demand remained subdued in Q4, rural India recovered after several quarters: ITC
FMCG major ITC notes subdued Q4 consumption but rural demand recovery. Q4 profit below estimates at Rs 5,190 crore; revenue up 2% to Rs 19,446.5 crore. Cigarette revenue rises 7.7%, FMCG (excluding cigarettes) up 7.2%, impacted by low priced Chinese supplies and trade restrictions on agri commodities affecting agri business segment.
Finest Brown Sugars for golden goodness in your everyday meal
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Best Honey in India: Nectar of Purity and Natural Golden Goodness
Are you looking for a good honey brand to avail an array of benefits that come with it? If so, we suggest you go through the article where we have shared a list of the best honey in India. All of the mentioned honey come from renowned brands, have great Amazon ratings and are readily available on Amazon.
RIL shares zoom 7%, hit fresh 52-week high; m-cap tops Rs 19 lakh crore
D-Street analysts expect 2024 to be an eventful year for Reliance Industries as the past two years of investments move into the monetization phase. "We think investment cycles will be shorter than in the past 2 decades, with limited impact on balance sheet leverage," global brokerage Morgan Stanley said.
Godfrey Phillips Q3 Results: Marlboro India seller's net profit rises 7% YoY to Rs 212 cr
Tobacco maker Godfrey Phillips India reported higher third-quarter profit on Monday, driven by growth in its core market and easing expenses.
ITC Next: How do you turn around an elephant and make it dance?
"The other piece in ITC Next was getting structural efficiencies out of the investments we had done on ICMLs (Integrated Consumer Goods and Logistics) facilities. So we integrated the warehouses and the factories and put in automated warehouses. It is now a seamless flow from the factory into the warehouses. Your layers of handling and transportation are reduced, so you bring in efficiencies there," Puri said.
Draymond Green: 5 most roughest ejections of the player
Draymond Green's ejection on Tuesday was particularly challenging, with many calling for the star forward to be punished severely. Many people pondered if Green's ejection was the most violent of his career.
Bears waking up? Here are 7 largecap stocks with right mix of RoE & RoCE
It is a well known fact that equities are fraught with risk. But the word “risk” also needs to be further looked into. In equities the risk is more in the short term, over longer term, it is not very high. Also, when diversified in the manner that exposure is to different segments of an economy, risk of a sharp decline in value comes down. Another way to manage risk is that when valuations are high, move to companies which have strong and large balance sheets and have seen many economic cycles and have survived the slowdowns in the past.
ITC Q2 Results: Profit rises 10% YoY to Rs 4,927 crore; beats estimates
ITC's revenue from operations for the quarter ended September, excluding excise duty, increased 2.6% YoY to Rs 16,550 crore. Operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), rose a mere 1% YoY Rs 4,886.54 crore. Operating margin shrank 44 basis points on year to 29.53%. Cigarette business revenue grew 10% on year in the quarter to Rs 7,658 crore.
Persistent Systems shares rise over 4% after Q2 profit grows 20% YoY
The company's consolidated revenue for the quarter under review came at Rs 2411.67 crore, a rise of 17.7% YoY, and a 3.9% gain sequentially. While, the dollar revenue came at $291.71 million, a 14.1% increase as compared to the year-ago period.
ITC Q1 Preview: PAT may rise 15% YoY despite muted sales; cigarette ops show steady growth
The higher growth in the profit despite a muted topline is primarily due to ITC’s higher dependence on the cigarette business. Despite a scale-up in the FMCG business, cigarettes constitute close to 70% of ITC’s profit and about 45% of its revenue.
Godfrey Philips shares zoom over 15% after strong Q1 results
Its revenue from operations was up 26.84% to Rs 1,245.39 crore during the quarter under review as against Rs 981.83 crore in the corresponding period of the previous fiscal. Meanwhile, its total expenses were at Rs 1,036.06 crore, up 25.5% YoY in the first quarter of FY 2023-24.
RIL shares fall 2% after company misses Q1 earning's estimates. Should you buy?
Diversified conglomerate Reliance Industries (RIL) on Friday reported a year-on-year (YoY) drop of 11% in the consolidated net profit for the quarter ended June 2023 to Rs 16,011 crore. Consolidated revenue declined 5.3% YoY to Rs 2.11 lakh crore.
Titan shares rally over 3% to fresh record high. What's behind the glitter?
In a regulatory filing, after market hours on Thursday, Titan said it recorded revenue growth of 20% year-on-year (YoY) for Q1 with all key consumer businesses exhibiting double-digit growth in the June quarter.
BPCL shares gain after Q4 net profit doubles. Should you buy?
Bharat Petroleum Corporation (BPCL) recorded a standalone net profit of INR 6,478 crore in Q4FY23. The figure more than doubled from the year-ago period on the back of growth in fuel marketing margins and refining margins. BPCL reported a net profit of INR 2,501 crore in Q4FY22. The company's Q4FY23 earnings beat estimates led by refining, with higher domestic sales. BofA maintained an 'Underperform' stance on the stock, while Nuvama has a 'Buy' recommendation, and HDFC Securities retained an 'Add' rating with a target price of INR 390.
Should you buy, sell or hold Titan shares after better-than-estimated Q4 results?
Titan reported higher-than-estimated Q4FY23 earnings with a standalone net profit of Rs 734 crore, up 50% YoY, and a 33% YoY surge in revenue to Rs 9,704 crore. The future outlook for the company remains mixed, with Phillip Capital maintaining a 'Buy' citing the company's long-term drivers remaining intact, whereas Emkay prefers to remain conservative and hold due to weak macros.
Puffing on! ITC shares hit record high on Q3 results. Should you buy, sell or hold?
We expect the strong business growth momentum to continue across divisions. In cigarettes, we believe a pragmatic tax regime not only acts as fodder for volume growth from illicit but also increases its predictability premium.
The Q2 conundrum: 4 stocks rally up to 95% despite sales drop in Sept quarter
Global brokerage firm Morgan Stanley has maintained its overweight rating on HAL with a target price of Rs 3,216 on the stock as the management has manufacturing order visibility of Rs 1.2 lakh crore over next 3-5 years and valuations are compelling.
ITC Q2 Results: Profit rises 21% YoY to Rs 4,466 crore, beats estimates
Revenue from the mainstay cigarette business grew more than 23% on year to Rs 6,953.80 crore. Cigarettes constitute more than 80% of ITC’s net profit and about 45% of its topline. The hotel business saw a sharp recovery on the resumption of business and leisure travel. This segment’s revenue rose by a whopping 82% on year to Rs 536 crore.
How will Nifty be placed in Q3? 4 reasons to buy the volatility
Nifty registered a bullish golden crossover in August (50-DEMA crossing above 200-DEMA), implying a major shift of momentum in favour of bulls from a medium-term perspective.
Godfrey Phillips India Q4 profit up 9% to Rs 103.88 cr, income up 2.84%
While revenue from retail and related products was marginally down to Rs 83.20 crore as against Rs 83.52 crore in the fourth quarter last fiscal, it said.
Easy Trip Planners Q4 Results: Profit declines 23% to Rs 23 crore
Total expenses during the quarter were higher at Rs 32.98 crore as compared to Rs 27.18 crore in the year-ago period.For the fiscal year ended March 31, 2022, consolidated net profit was at Rs 105.92 as against Rs 61.01 crore in the previous fiscal, the company said.
ITC Q4 Results: Profit rises 11.8% YoY to Rs 4,191 crore; revenue grows 16%
The results, announced after market hours, exceeded street expectations for both revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA). In fact, the ITC scrip gained 0.72% to close at Rs 266.5 on the Bombay Stock Exchange on Wednesday, when the Sensex closed at a decline of 0.2%.
No need to panic on Japan Tobacco's Russia exposure: Smartkarma Research
JT’s Russia exposure was measured by the company at 8% of consolidated revenue and 15% of the adjusted OP, broadly in line with our estimated revenue exposure of 10%.
Devang Mehta on what to expect from Infosys today & top 2 sectors to bet on
“We remain bullish for the next two-three years on building materials as well as cement stocks. In the discretionary consumption space, companies like Jubilant or Page Industries or Titan have seen extremely resilient earnings in the last two-three quarters . Some of the companies have also shown a certain bit of improvement in margins.”
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