SALES VOLUME
FMCG spends up 18% in two years due to inflation- Kantar
Consumers have increased their spending on daily essentials, groceries, and household products by 18% in the first quarter of 2024 compared to two years ago, according to a recent Kantar report. Despite a recent softening in commodity prices, the prices for these goods remain nearly a fifth higher.
S&P 500, Nasdaq hit record highs on AI momentum, Dow edges up after weak retail sales
The S&P 500 and Nasdaq hit record highs fueled by Nvidia's surge, overtaking Microsoft as the most valuable company. Chip stocks, including Qualcomm and Micron, rallied, boosting the Philadelphia SE Semiconductor index to a new peak.
Consumer sector in focus post-election results! D-Mart, Tata Consumer could give 12-18% in 1 year
We believe this rally in staple stocks is driven by not only its ‘defensive sector’ tag but also the underlying excitement, which was triggered by strong post-Q4 management commentary.
Expect commercial vehicle volumes to witness 4-7 pc dip this fiscal: ICRA
Hit by a high base of last year and weakness in demand, the domestic commercial vehicle industry is expected to witness a dip of 4-7 per cent in wholesale volumes in the current fiscal as compared to FY23, rating agency Icra said on Friday.
Electricity trade volumes on IEX jumps nearly 29 pc to 10,633 mn units in May
Indian Energy Exchange's trade volume grew by 29% in May, with electricity volumes increasing by 21%. The renewable energy certificates (RECs) surged by 640.3% yearly, impacting obligated entities and voluntary customers. Proactive measures by the government and regulators influenced trading platforms and market prices.
RVNL shares rally over 1,000% in 2 years. Should investors book profits or buy the dip?
RVNL Share Price: RVNL shares have surged over 1,000% in 2 years driven by strong order inflows and execution. Investors are debating whether to book profits or buy the dip.
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Cement stocks to feel the heat of falling demand, prices
In the March 2024 quarter, all-India average cement price fell by 5.1% year-on-year to Rs359 per 50 kg amid weak demand across regions. As a result, cement firms focused more on sales volume. Sales volume of large cement companies grew by 7-22% during the quarter from the year ago. The top four companies including UltraTech Cement, ACC, Ambuja Cements, and Shree Cement command over 55% of the market share.
Ecommerce fails to click for firms in Q4 as sales dip across segments
Online consumption lagged in the March quarter across segments like electronics, wearables and beauty. Delhivery said ecommerce delivery volumes declined 13% sequentially in the March quarter to 176 million, while on a year-on-year basis they were down 2%. Cofounder and CEO Sahil Barua indicated this slowdown comes after a strong December quarter.
Balkrishna Industries off-roading well in India & US, Europe to give traction
Balkrishna Industries’ global peers have cut down production as their revenue fell by around 10% in the March quarter, but Balkrishna’s volume grew by 12.9% year-on-year to 82,085 tonnes in the period — the highest in eight quarters.
Full impact of capacity expansion will start coming in from FY26: JSW Steel MD
Jayant Acharya of JSW Steel discusses the company's capacity expansion plans, stable pricing trends, inorganic growth opportunities, and overseas operations performance, emphasizing the focus on value-added products for business stability. Acharya says in the last quarter, 62% of sales was from value-added and specials and 61% for the year as a whole. In terms of absolute volume, it has grown substantially.
India Cements Q4 Results: Net loss narrows to Rs 50.06 crore
The cement and clinker volume for the fourth quarter was 24.36 lakh tonne as compared to 27.85 lakh tonne in the same period of the previous year, it added.
Balkrishna Industries shares jump 5% post Q4 results
Balkrishna Industries Share Price: Shares of BKT surged 5% on Saturday to its fresh 52-week high of Rs 2,798.95 supported by the company’s solid fourth quarter performance. Its net profit soared 88% while revenue jumped 16% to Rs 2,697 crore on the back of a sales volume of 82,085 MT.
JSW Steel sees highest-ever sales volume in FY24, guides for further growth
The country’s largest steel-maker has guided for consolidated steel production of 28.40 million tonne, and saleable steel sales of 27 million tonne this year.
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.
Jindal Stainless eyes 20% volume growth in FY25, to spend over Rs 5,000 crore on capex
The country’s largest producer of stainless steel sold 2.17 million tonne of stainless steel in 2023-24 (Apr-Mar), a growth of 23%, surpassing the company’s guidance of 20% for the year.
Shree Cement Q4 Results: Net profit up over a fifth to Rs 662 crore, EBITDA at all-time high
The country’s third-largest producer of cement, in terms of capacity, saw its net revenue from operations rise 7% on year to Rs 5,101 crore. The relatively lower growth in revenue as compared to the sales growth indicates that the company, too, felt the impact of weaker pricing.
Zomato, Swiggy Instamart clock record orders on Mother's Day, beat New Year's Eve numbers
On Mother's Day, quick commerce and food delivery platforms saw high demand for gift items like flowers, handbags and chocolates.
Tata Motors Q4 Results Preview: PAT likely to jump 33% YoY to Rs 7,640 crore on higher volume
Tata Motors Q4 Results Preview: The projected profit after tax (PAT) falls within the bracket of Rs 7,438 crore to Rs 8,350 crore, while the anticipated revenue is forecasted to range from Rs 1,05,932.40 crore to Rs 1,21,606.80 crore, as indicated by the estimates.
Domestic tyre sale volumes expected to see moderate growth of 4-6 pc in FY25: Icra
Domestic tyre sale volumes are expected to see a moderate growth of 4-6 per cent this fiscal after witnessing an estimated pace of 6-8 per cent in the previous financial year, ratings agency Icra said on Thursday. This growth in the last fiscal was driven by factors such as elevated base and subdued growth in the commercial vehicle (CV) segment, it said.
UltraTech will surpass industry growth in FY25 despite demand moderation, says CFO
The country’s largest cement producer saw sales volume grow in double digits for the third year in a row, recording a 13% increase in FY24. UltraTech’s capacity utilisation was at 98% in the March quarter, but Daga said the company has sufficient capacity to keep growing. Capacity utilisation for the full year was at 85%, significantly higher than the industry average of around 71%.
Vehicle retail sales soar 27% in April; two-wheeler registrations jump 33%, cars up 16%
Vehicle registrations in the country – a proxy for retail sales – went up by a robust 27% year on year to 2.2 million units in April, led by two-wheelers on the back of stable fuel prices, positive outlook for the monsoons, Navratri demand, and the ongoing marriage season
IGL shares surge 7% after Q4 results. Should you invest?
IGL Share Price: Indraprastha Gas (IGL) shares surged 7% after reporting a 16% YoY profit increase to Rs 383 crore in Q4. Despite revenue decline due to lower gas prices, sales volume rose
IGL Q4 Results: Net profit rises 16% YoY to Rs 383 crore
Indraprastha Gas Ltd, India's largest CNG retailer, on Tuesday reported a 16% rise in March quarter net profit as it sold more gas. The net profit of Rs 383 crore in the latest January-March quarter was compared to Rs 329.75 crore profit registered a year ago, the company said in a statement.
Godrej Consumer shares surge nearly 8% after Q4 results. Should you buy?
Godrej Consumer Share Price: Shares of Godrej Consumer Products surged 8% to its fresh all-time high of Rs 1,349.65 on BSE in Tuesday's early trade even after reporting a consolidated net loss of Rs 1,893 crore for the quarter ended March 31, 2024.
Ramkrishna Forgings Q4 Results: Net profit surges 31% YoY to Rs 87 crore
Ramkrishna Forgings Ltd (RKFL) on Thursday reported a 31 per cent rise in standalone net profit to Rs 87.30 crore for the January-March quarter of 2023-24. Its net profit was at Rs 66.82 crore in the January-March period of 2022-23, the company said in an exchange filing.
Tesla retreats from next-generation 'gigacasting' manufacturing process
Tesla, amid falling sales and increasing competition, has abandoned plans for an innovative one-piece gigacasting manufacturing process. Initially aiming to revolutionize manufacturing and reduce costs, Tesla has opted for its more traditional three-piece method for vehicle underbodies. The decision underscores Tesla's strategic pivot towards self-driving technology over massive EV sales growth, reflecting recent layoffs and executive departures. This shift also comes after the cancellation of the Model 2 and signals a more conservative approach to production innovation.
Two-wheelers likely to report double-digit YoY growth in April sales. Which stocks to buy
PV volumes are likely to have grown at a healthy pace led by robust retail volumes (up over 10%). Meanwhile, CVs and tractors are expected to be broadly flattish, but better than the previous month, owing to the fading of the high base.
Supreme Industries shares jump 10% after Q4 sales volumes jump 33% YoY
In Q4FY24, Supreme Industries Profit After Tax (PAT) surged by 126 basis points to reach Rs 314.48 crore, compared to Rs 310.56 crore recorded in Q4FY23. Additionally, the company witnessed a 16% year-on-year growth in revenue for the quarter ended March 2024, with revenue standing at Rs 2,609.61 crore compared to Rs 2,248.28 crore in Q4FY23.
Maruti Suzuki's annual sales volume crosses 2 million units
Maruti Suzuki India's Q4 net profit rose by 47.8% to Rs 3,877.8 crore. Annual sales exceeded 2 million units, with a record dividend proposal of Rs 125 per share. The company remains the top passenger vehicle exporter in India.
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