1 / 11Titan | Jewellery business in December quarter grew by 23% year-on-year. Business had grown 11% in the same quarter last year. Growth in the September quarter despite Shravan and Adhik Maas stood at 19%. Growth in plain gold was higher than studded. Watches and wearables business grew by 21%, while Caratlane grew by 31%. Eyewear business declined 3%.
2 / 11Godrej Consumer Products | Expect to deliver mid-single digit volume growth. Low-single digit sales decline in rupee terms due to LATAM and GAUM currency depreciation. The company expects to see margin expansion year-on-year. Operating environment continues to remain similar to the second quarter. Indonesia reported double-digit volume growth and high single-digit sales growth.
3 / 11Marico | Consolidated revenue during the quarter declined in low-single-digits. Domestic volumes also grew in low single digits year-on-year. Parachute coconut oil registered low single-digit volume growth. Value added hair oil posted low single digit value growth. Expect lower gross margin expansion on a year-on-year basis. Expect lower double digit operating profit growth.
4 / 11Nykaa | Beauty and Personal Care business is likely to see GMV growth in the mid-twenties, while Net Sales Value may grow around 20% year-on-year. Underlying volume growth is healthy and consistent. Combined Net Sales Value of all Beauty and Personal Care businesses is likely to grow at low-to-mid-twenties year-on-year. Fashion vertical GMV for the quarter may grow around 40%. Net sales value on a consolidated basis may grow in the mid-twenties and revenue growth may be in the low twenties year-on-year.
5 / 11Adani Wilmar | Benefitted from elevated demand from the festive and wedding season and recorded the best-ever volumes during the quarter. Standalone sales declined 15% year-on-year, volumes increased by 6% year-on-year. Edible oil business fell 21% from last year. Food & FMCG business up 28% from last year. Industry essential business flat.
6 / 11Bank of Baroda | Deposits up 8.3% year-on-year but decline 0.3% sequentially. Domestic deposits decline 0.6% sequentially. Advances up 13.6% year-on-year and 2.4% quarter-on-quarter. Credit-Deposit ratio at 84.2% from 80.4% last year and 82% sequentially.
7 / 11Union Bank of India | Deposits up 10% year-on-year and 3.1% quarter-on-quarter. Advances up 11.4% year-on-year and 5.8% from previous quarter. Domestic CASA Ratio at 34.39% from 35.29% last year and 34.12% in June.
8 / 11TVS Motor | Signs MoU with Government of Tamil Nadu to invest ₹5,000 crore in five years and employ 500 people.
9 / 11Tata Steel | India production volumes are up 6.4% from last year at 5.32 MT from 5 MT. Delivery volumes up 3% at 4.88 MT from 4.74 MT. The increase both on QoQ and YoY terms was primarily driven by a rise in domestic deliveries, given the continued strength in India steel demand. For the first nine months of the year, Tata Steel India registered the best ever deliveries. UK Liquid steel production marginally lower sequentially due to operational issues. Netherlands liquid steel production grew by 5% quarter-on-quarter.
10 / 11Shyam Metalics | Raises ₹1,385 crore through the QIP issue. Issue price has been fixed at ₹576 per share. Reliance Commercial Finance allotted 37% of the QIP shares. Societe Generale also allotted 7% of the shares.
11 / 11Cipla | Wholly-owned step-down subsidiary Cipla Technologies, LLC and Pulmatrix have completed and amendment to the agreement to development and commercialise Pulmazole. As per the revised agreement, the Phase 2b clinical trial for Pulmazole will be terminated by July 30, 2024 and Cipla will now have exclusive rights to develop and commercialise Pulmazole in all countries barring the US.
