Hormazd Sorabjee, Editor, Autocar India, says Nexon is the mainstay of the Tata range. It is their number one seller and Tata Motors will do a lot to guard its stuff. So, I am sure we will see a lot of action in terms of, might even be pricing going forward. The Maruti offering s … Read more
Neetu Kashiramka, MD, VIP Industries, says that while this year the margin will be 15%, next year, it is going to be 18%. A 2-3% improvement in gross margin and a lot will happen to reduce overheads which are quite high now. All the work will start to show results starting H2 of this year. … Read more
New Delhi: Japanese auto major Suzuki Motor Corp expects car sales in India to grow 2% in the ongoing financial year and its local subsidiary, Maruti Suzuki, to perform better than the market, helping it recover lost market share in the country.India is a bright spot for the Japanese auto giant, accounting for as much … Read more
New Delhi/Tokyo: Japanese car maker Suzuki Motor Corporation on Monday said it will continue to expand SUV portfolio in India to recover its overall market share in the passenger vehicle segment. The company, which currently has around 58 per cent stake in Maruti Suzuki India, said its net sales increased by 732.6 billion yen (15.8 … Read more
Saugata Gupta, MD & CEO, Marico, says “we have lost market share in the bottom of the pyramid segment in value-added hair oils, where there has been significant competitive intensity. Otherwise, in most of the categories, we have gained market share. What is also heartening is that we have continued to grow in our core … Read more
Shares of Britannia Industries rallied 9.4% to Rs 5,193.6 in Monday’s trade on BSE despite the FMCG major reporting a 3.6% year-on-year (YoY) decline in net profit to Rs 538.3 crore in Q4 of FY24. On a sequential basis, the net profit saw a decline of 3.2% over Rs 556.39 crore reported in Q3FY24. The … Read more
Abneesh Roy, ED, Nuvama Institutional Equities, says “margins may not see a big drop. Of course, the wheat crop this year seems to be a bit better than last year. We wait for more clarity. But the company is focusing on growth and volume growth but said that margins may not see a big drop … Read more
Vir Advani, CMD, Blue Star, says “room air conditioners had a fantastic Q4. April, of course, has been very strong for the industry as well as for us, as has our commercial refrigeration products, deep freezers, water coolers, etc. I think that the outlook for the summer is, of course, strong. In May and June, … Read more
Mumbai: Access to Dalal Street is no longer the exclusive preserve of Mumbai’s richer neighbourhoods or old-money Kolkata. Discount brokers, which began democratising equity exposure a decade ago, have since harnessed the mobile data revolution to tell India’s eye-popping growth story to ordinary savers in Madurai, Moradabad or Mangaluru – and wrest a three-fifths share … Read more
ET Intelligence Group: Rajkot-based ethnic snacks company Gopal Snacks is rolling out a ₹650-crore offer for sale in which the promoters are diluting over 12% of their stake from 93.5% to 81% in the company to repay personal debt taken towards forging a family settlement. No proceeds from the IPO are going to the company. … Read more
