REVENUE EXPECTATIONS
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.
Union Budget consultations done, Sitharaman set to announce measures and reforms on July 23
Budget expectations: Finance Minister Nirmala Sitharaman completed pre-Budget consultations with diverse stakeholders, setting the stage for presenting her seventh Union Budget on July 23. This first full budget of Modi's third term aims to steer India towards becoming a developed nation by 2047. President Murmu hinted at significant economic reforms ahead.
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.
FMCG sector expected to see 7-9 pc revenue growth in FY25, helped by a recovery in rural markets: Crisil
FMCG sector revenue is projected to grow 7-9% this fiscal, driven by rural revival, urban demand, and rising disposable incomes. Crisil Ratings indicates premiumisation will boost margins by 50-75 basis points despite marketing expenses. Rabindra Verma highlights 8-9% F&B and home care growth, and 6-7% for personal care. FY25 will see low single-digit product realisation growth.
Market can only go up now irrespective of Budget. Here's why
The Street has discounted the defence manufacturing stocks too much into the future. Even the earning visibility has been discounted. It is a fast-moving train; it does not make sense to get onto that train at this point. There are many choices when it comes to rural play – two-wheelers, fertilisers, pesticides and M&M, says Dipan Mehta.
We expect 15% to 20% revenue growth this financial year: Nalin Gupta, J Kumar Infraprojects
The revenues have been growing at 15% to 17% and this year 15% to 20% is what we are expecting in terms of the top line.
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India's high input tariffs stifle smartphone export growth, industry calls for reductions & policy changes in Budget 2024
Union Budget: India's efforts to increase smartphone exports through the production-linked incentive (PLI) scheme face challenges due to high tariffs on input parts and barriers for global firms entering its value chains. Despite the PLI scheme's success in boosting smartphone production beyond domestic demand, these tariffs, averaging 7.4%, are significantly higher than in competitor countries like China's bonded zones where tariffs are 0%.
Income tax Budget 2024 expectations: 10 ways the finance minister can ease income tax and financial burden of senior citizens
Income tax Budget 2024 expectations: A notable percentage of taxpayers in India are senior citizens since they receive income, frequently through passive means. ET Wealth Online interviewed three specialists to discuss senior citizens' expectations for the forthcoming Union Budget 2024.
WILO Mather and Platt Pumps expects 25 pc of revenue from exports in next 2-3 years
WILO Mather and Platt Pumps strategically invests in India, emphasizing capacity enhancement and global operations. The company envisions substantial revenue growth through exports and heightened domestic demand, supported by a robust manufacturing infrastructure and strategic market expansion plans.
Capital goods companies expected to post 9-11% revenue growth rate in FY25
As per the analysis, operating margin could moderate 80-100 basis points to 12-13% in fiscal 2025 as the market scenario continues to be highly competitive and exports remain sluggish.
Salesforce, its partners expected to create 1.8 million new jobs in India by 2028: IDC report
Salesforce in India is set to create 1.8 million jobs and $88.6 billion in revenues by 2028 through AI-driven initiatives. The company's focus on public sector solutions and digital lending reflects its commitment to India's growth.
What to expect from NDA 3.0's budget #1
The new NDA government's budget aims for faster fiscal correction with higher growth and central bank profits to lower interest rates.
Sun Pharma expects high single-digit top line growth in current fiscal
Sun Pharmaceutical Industries expects high single-digit top line growth in FY24 with total revenue at Rs 48,497 crore, led by Managing Director Dilip Shanghvi. The firm anticipates similar growth in FY25 with investments in product launches and R&D activities.
Dell shares slump 18% as heavy AI investments expected to dent margin
Dell's stock is projected to lose over $21 billion in market value, despite having experienced a remarkable 80% surge earlier this year. The company, like many others, has made significant investments in advanced server hardware to accommodate the growing demand for complex artificial intelligence processing.
IRCTC shares drop 5% after Q4 results miss Street expectations
IRCTC's stock witnessed a 5% decline, reaching the day's low of Rs 1,028, following the company's announcement of a consolidated profit after tax (PAT) of Rs 284 crore, which was below expectations, marking a modest increase of 1.8% on a year-on-year (YoY) basis.
TV broadcasters hope ad revenues to bounce back in FY25, expect flat or degrowth in FY24
Top broadcasters like Star India, Sony Pictures Networks India, Zee Entertainment, and Sun TV Network saw ad revenue remaining flat or shrunk in FY24 due to the exit of new-age advertising and the shift of ad dollars to digital due to free cricket streaming by JioCinema and Disney+ Hotstar.
Hindalco Q4 results today: Here's what to expect from the metals major
Hindalco Industries likely to report muted revenues in Q4FY24 despite higher profitability. Novelis expected to see improved earnings. Investors await management guidance on domestic aluminum demand and hedging position.
Ind-Ra expects stable operating performance for most infrastructural projects in FY25
India Ratings and Research (Ind-Ra) anticipates stable operating performance for infrastructure projects this financial year, maintaining a stable outlook for the sector, especially in transportation. It assigned a positive outlook for airports, indicating potential rating upgrades. Ind-Ra expects the power sector's installed capacity to reach 476 GW by FY25. Toll roads may see a growth moderation, and ports are projected to grow at 6-7%.
ITC Q4 Preview: Revenue to grow around 3% YoY; margins to contract
Brokerage firms expect that ITC will announce subdued revenue growth for the fourth quarter when it declares its results on May 23. Based on projections from different brokerages, it's anticipated that profits will see a modest 3% year-on-year increase, with the hotels segment expected to perform strongly. In the previous December quarter, ITC recorded a 6% rise in consolidated net profit, amounting to Rs 5,335 crore.
IndiGo Q4 Preview: PAT may double YoY on robust demand; healthy revenue growth likely
Brokerages anticipate robust earnings from India’s premier airline in the fourth quarter. The results, slated for release on May 23, are expected to reveal a 16% year-on-year growth in revenue for the period. According to Motilal Oswal, Revenue Passenger Kilometers (RPK) is projected at 30 billion, marking a 16% increase from the previous year, while Passenger Load Factor (PLF) is anticipated to rise to 87.5%, up from 85.8% in 3QFY24. Additionally, Available Seat Kilometers (ASK) are forecasted to reach 34 billion, reflecting a 12% year-on-year uptick.
Paytm expects near-term impact on revenue, profitability due to regulatory action: Vijay Shekhar Sharma
Paytm’s parent, One 97 Communications Ltd, is taking steps to “strengthen the governance framework across our group entities (especially regulated entities)” by appointing subject matter experts as advisors of independent directors, says founder Sharma in letter to shareholders. Going forward in the ongoing fiscal, Paytm also anticipates reduction in employee costs.
V-Mart expects to grow 18-19% this year, says Lalit Agarwal
Lalit Agarwal, Founder & MD of V-Mart Retail, aims for 18-19% growth in a value-driven retail sector. Improved footfalls and consumer demand in smaller towns are observed. Efforts focus on providing best products, prices, and catering to Gen Z preferences. The Limeroad acquisition's impact on online burn and future scale-up plans are under scrutiny.
Nykaa, Paytm to announce Q4 earnings tomorrow. Here's what to expect
Analysts expect Nykaa to continue the stable trend seen in the last few quarters, while Paytm will likely see a decline in core earnings due to RBI's restrictions on the Payment Bank.
M&M Q4 Preview: Volume to drive 7% YoY revenue growth but tractor sales may disappoint
Three brokerage firms anticipate the auto giant's net profit to fall within the range of Rs 1,777 crore to Rs 2,079 crore. Revenue from operations is projected to reach Rs 24,051 crore. In the corresponding period last year, M&M disclosed a standalone PAT of Rs 1,549 crore and revenue of Rs 22,571 crore.
Vodafone Idea Q4 Preview: Losses to widen 14-19% YoY; 1.5% revenue uptick likely on higher ARPU
Three brokerage firms have forecasted a potential widening of Vodafone Idea's net loss for the March quarter, estimated to range between Rs 7,307.20 crore to Rs 7,680 crore. Additionally, revenue for the quarter is anticipated to hover around Rs 10,690 crore.
Bharti Airtel Q4 Preview: Revenue likely to jump 8% YoY on higher ARPU, subscriber base
In the fourth quarter of the fiscal year 2023, Bharti Airtel recorded a consolidated profit after tax (PAT) of Rs 3,005 crore, which pertains to the company's owners. When factoring in the non-controlling interest, the PAT for the period increases to Rs 4,226 crore. Additionally, the revenue from operations for the quarter amounted to Rs 36,009 crore.
FMCG companies expect volume growth in FY25 with improvement in revenue
The companies were forced to slash prices as prices of major commodities had fallen, which had in turn impacted their topline and value growth in the last two quarters of FY24.
Asian Paints Q4 Preview: PAT may jump 5.5% YoY to Rs 1,317 crore, revenue may see 4.3% uptick
Profit after tax (PAT) is forecasted to fall within the range of Rs 1,287 crore to Rs 1,900 crore. Axis Securities projects the lower end of this range, while Anand Rathi predicts the higher end. Regarding revenue, the estimate spans from Rs 8,921 crore as anticipated by Axis to Rs 9,402.5 crore as outlined by Anand Rathi.
Uber forecasts gross bookings for second quarter below expectations
Uber projects lower second-quarter gross bookings due to ride-share and food delivery challenges, exceeding core profit expectations. Lyft excels in industry-wide growth and logistics services, while Uber offers a wider range of services globally.
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