QUARTERLY REVENUE GROWTH FORECAST
Nykaa expects consolidated revenue to rise 22-23% in April-June quarter
In a BSE filing on its quarterly revenue update for the April-June quarter of FY25, Nykaa said for the consolidated entity, the GMV (Gross Merchandise Value) growth for the quarter is seen to be in the mid-20s year-on-year.
FMCG makers expect single-digit revenue growth, margin improvements in April-June quarter
Fast-moving consumer goods cos expect single-digit volume growth along with expansion in margins during the April-June quarter of this fiscal, helped by a revival in rural demand and a stable urban market. Listed FMCG companies such as Dabur, Marico and Adani Wilmar in their latest quarterly updates have reported a "gradual improvement" in demand trends in the April-June quarter, which was on the expected lines.
FMCG makers expect single-digit revenue growth, margin improvements in April-June quarter
FMCG companies like Dabur, Marico, and Adani Wilmar expect single-digit volume growth and margin expansion in the April-June quarter. Positive demand trends are observed, particularly in the rural market. Overall, FMCG players anticipate 7-9% revenue growth for the fiscal year.
Kalyan Jewellers to enter US market, plans 70 new showrooms globally
In its quarterly update report released today, the company has said that it has reported overall revenue growth of approximately 27% YoY, whereas revenue growth for India operations stood at 29% during Q1 FY2025. Revenue growth from Middle East operations stood at 16% YoY
Airtel, Jio help telecom industry record 3.87% sequential growth in AGR in last quarter of FY24 to Rs 70,462 cr
The telecom industry saw a 3.87% sequential growth in adjusted gross revenue in the last quarter of FY24, driven by Airtel and Reliance Jio. Vodafone Idea and BSNL faced declines in mobile services AGR. Private telecom operators raised headline rates, leading to increased revenue. The Department of Telecommunications reported higher licence fee and spectrum usage charge collections. Broadband subscribers increased to 924.07 million, with wireless Arpu at Rs 153.54. Overall sectoral minutes of consumption and telephone subscribers also showed growth.
Nike stock plunges as gloomy sales forecast fans growth concerns
Nike faces stock woes and market challenges, prompting a potential shift in leadership under CEO John Donahoe's digital-focused strategy. The company's strategic pivots towards sustainability and product revamps aim to counter market pressures, signaling a critical phase for Nike's future direction and management dynamics.
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Digital media growth to take Indian ad market size to Rs 1.2 lk cr in 2024
The Indian advertising market is predicted to grow 11.8% in 2024, reaching ₹1,22,155 crore, primarily driven by digital media. Traditional media ad revenue is expected to grow 8.4% to ₹64,398 crore, while digital media is expected to grow faster at almost 16% to reach ₹57,757 crore. India's traditional media market share is twice that of global and APAC size. However, digital's share of total ad spends could reach 50% by 2026.
IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signals
Indian IT stocks surged following positive results from Accenture, with Persistent Systems leading the gains. Analysts expect a strong demand environment to drive healthy earnings growth.
Accenture forecasts 2024 revenue growth above estimates
Accenture, a provider of IT services, forecasted annual revenue growth significantly exceeding expectations on Thursday. This optimistic outlook stems from increased adoption of artificial intelligence, which is compensating for subdued growth in enterprise spending.
World oil demand will rise 2.25 million bpd in 2024: OPEC
OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024, despite lower than expected use in the first quarter, saying travel and tourism would support consumption in the second half of the year.
Telcos likely to see modest revenue growth in June Qtr
Analysts expect a modest 2.5-3% sequential increase in revenue growth for the telecom sector in the June quarter. Despite higher data usage during the IPL cricket tournament and increased demand for international roaming packs during the summer holiday season, revenue growth is expected to be limited. This is due to many mobile users still paying lower 4G rates even after opting for 5G packs, and most subscribers having large amounts of unused data, reducing the need for costlier mobile broadband plans.
Hewlett Packard surges over 12% as AI-server demand powers strong results
Analysts at Bernstein said this suggests potential for HPE and peer Dell Technologies to have "very strong shipments over the next quarter or two as they deliver on backlog", but it depends upon customers being willing to take deliveries earlier.
Royal Orchid Hotels reports PAT of Rs 50.82 cr for FY24
Royal Orchid Hotels Limited reported a total income of Rs 312.70 crore for FY 2024, up from Rs 279.69 crore in FY 2023. In Q4 FY 2024, the chain's total income was Rs 82.30 crore, up from Rs 76.54 crore in Q4 FY 2023.
Salesforce plummets 18% as weak forecast sparks concerns of AI competition
Salesforce shares slumped about 18% on Thursday, after its lowest-ever quarterly revenue growth forecast raised fears that high interest rates and rival AI offerings were hampering demand at the cloud-based software firm.
Godfrey Phillips declares dividend of Rs 56 per share, posts 46% jump in net profit
The company declared a whooping 2,800% dividend. The net profit for the fourth quarter was reported at Rs 215.12 crore. Its revenue from operations increased to Rs 1,197 crore for Q4FY24 against Rs 974 crore reported in the corresponding quarter last year.
We had our maiden net profitable financial year at nearly Rs 100 cr: Oyo founder Ritesh Agarwal
Agarwal had shared with employees in February that it has doubled its profit after tax (PAT) sequentially in quarter three of financial year 2024 to Rs 30 crore. The company had marked its maiden profitable quarter with a PAT of over Rs 16 crore in quarter two of fiscal year 2024.
Emami Q4 Results: Profit rises 4% to 146.75 crore, revenue up 7%
Homegrown FMCG major Emami Ltd on Wednesday reported an increase of 3.62 per cent in its Profit After Tax (PAT) to Rs 146.75 crore for the fourth quarter that ended on March 31, 2024.
Gokaldas Q4 Results: Firm reports 54% jump in revenue growth
Bengaluru-based apparel exporter Gokaldas Exports reports a 54% increase in consolidated revenue to Rs 818 crore for the quarter ended March 2024. Despite a 6% dip in profit after tax, strategic acquisitions and equity raise bolster the company's financial position.
Workday shares sink over 13% as slower hiring hits payroll services demand
Workday shares dropped on Friday due to a lowered annual subscription revenue forecast amidst economic uncertainty and slower hiring impacting demand for payroll services.
Q4 results today: ITC, IndiGo among 181 companies to announce earnings on Thursday
181 companies, including IndiGo and ITC, will announce their quarterly earnings for Jan-Mar 2024. IndiGo is expected to post healthy earnings, while ITC may see muted revenue growth.
Nykaa’s Q4 revenue rises 28% to Rs 1,667 crore
The operating revenue growth was led by a 24% increase in the core business, beauty and personal care (BPC), to Rs 1,388 crore during the quarter. For the full financial year, BPC saw a 20% year-on-year increase to Rs 5,385 crore.
Medanta management on business performance, growth outlook and more
So, on an overall basis, we are very happy with how things are going. This is in line with our stated strategy of making sure we focus on quality, driving growth through volume.
Zomato Q4 Results Preview: Steady earnings on cards after solid few quarters
Zomato Q4 Results Preview: In the previous quarter, the food delivery platform saw a remarkable surge in its net profit, skyrocketing nearly fourfold (283%) quarter-over-quarter to reach Rs 138 crore. Furthermore, revenue from operations in the third quarter showed a robust 69% year-over-year increase, reaching Rs 3,288 crore. These figures underscore the platform's substantial growth and increasing demand for its services during that period.
Arm shares fall 6% as tepid forecast takes shine off AI optimism
Shares of Arm Holdings fell 6% on Thursday as the chip designer's downbeat annual revenue forecast cooled some of the enthusiasm around the stock following its AI-powered jump in recent months.
Airbnb slumps over 6% as gloomy Q2 forecast fans slowdown fears
Airbnb shares tumbled more than 6% in early trading on Thursday after weak forecasts for the second quarter stoked investor fears about slowing growth at the vacation rental firm and took the shine off a strong quarterly profit beat.
India's L&T forecasts lower revenue growth, order inflow for FY25
L&T reported a consolidated net profit of 43.96 billion rupees ($526.5 million) for the January-March quarter, up 10% from last year and beating analysts' estimate of 41.13 billion rupees, as per LSEG data. Its revenue from operations rose 15% to 670.79 billion rupees in the March quarter, ahead of analysts' expectations of 663.36 billion rupees, with international revenue contributing 45% of the total.
Airbnb shares slide on lower revenue forecast despite a doubling of net income
Earnings growth was partly driven by a shift in the Easter holiday, which came during the first quarter this year versus the second quarter in 2023. Easter is a significant travel holiday.
Shopify's downbeat revenue growth forecast sends shares plunging 20% to six-month low
The Toronto-listed shares hit their lowest in six months and the company was on track to lose C$25 billion ($18.21 billion) in market value as the dour outlook overshadowed a first-quarter beat.
Uber shares tumble 9% on surprise net loss, weak second-quarter forecast
The report suggests that Uber's growth could be slowing after a strong 2023 in which it dominated the U.S. ride-share market and delivery business and posted its first annual profit.
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