Company says gross margins shrank 230 bps in Q2FY23 due to inflationary pressures and an unfavourable portfolio mix due to extraordinary high sales of pain management products last year
The real estate arm of the diversified Emami Group has targeted retiring its long-term debt by 2023-24, which is now pegged at Rs 118 crore, a top company official said
BoI, Devyani Intl, Eveready, FSL, Mahindra Life, Paytm, REC, Siemens, Sintex, SPARC, Tata Steel, Thermax and Vijaya Diagnostics are some of the prominent companies to announce results today.
Although firm's debt as on March 31, 2018 was Rs 118 cr, sources say promoters had to pledge part of their shares with creditors to finance Group's cement biz and others like AMRI Hospitals
The company seeks to expand footprint in Europe, ramp up presence in West Asia with the acquisition of Creme 21, a skin care and body care products brand