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As the lockdown restrictions eased gradually, Dabur has been at the forefront of delivering authentic Ayurvedic solutions to meet the emerging Health Care needs of consumers in the post-COVID market.
The company said in the near term, the demand for the Company's product will be impacted which will have some impact on the results of the Company in the short-term.
Net profit, too, saw a 37 per cent YoY fall to Rs 399.8 crore, against estimates of Rs 950-1,000 crore.
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UPL, Rallis India and Sumitomo Chemical India were up 5 per cent each on the BSE.
Unlike peers, Torrent Pharma guided for a relatively moderate outlook across geographies, note analysts at Emkay Global Financial Services.
The company's revenue from operations (sales), on a consolidated basis, rose 4.69 per cent to Rs 1,055.54 crore for the quarter under review
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As of March 2020, the promoters held 6.15 per cent stake in Alok Industries
The proposed acquisition is aligned with ITC's strategy to rapidly scale up its FMCG businesses in a profitable manner, the company said.
The domestic agrochemical industry has benefitted from the global supply-chain disruptions caused by the tightened environment regulations in China.
After the demand disruption caused by the nation-wide lockdown, there has been a recovery in demand in the rural areas, primarily driven by pre-monsoon work.
On the earnings front, Jindal Steel and Power (JSPL) on Monday reported a consolidated net profit of Rs 305.62 crore during the quarter ended March 31, 2020.
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From the high touched on April 30, the Nifty has not even retraced 50 per cent but the Bank Nifty has corrected slightly over 78 per cent.
The RBI commentary indicates that the stress in the economy on both demand and supply is likely to continue.
The bank said Cyclone Amphan is likely to impact business worth Rs 260 crore.
Over the last month, leading technology investors, such as, Facebook, Silver Lake, Vista, General Atlantic, and KKR have announced aggregate investments of Rs 78,562 crore into Jio Platforms.
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The company's profit before tax more than doubled to Rs 131 crore in Q4, against Rs 57.4 crore in the previous year quarter.