Ace investor Ashish Kacholia increased stake in Caplin Point from 1.08 per cent as of December 2020 to 1.16 per cent as of March 2021
Nestle Q1 preview: Raw material prices have started inching up, however, cost optimisation measures should aid Ebitda margin expansion of 120 bps YoY, said analysts at Edelweiss Financial
The company's new-found enthusiasm for the hinterlands is founded on its appetite for growth
Nestle India's aggressive shift to the hinterlands points to the growth that beckons in these areas; Britannia and Parle have already got there
While the longer-term narrative for Nestle's revenue and earnings growth remains extremely attractive, near-term concerns on valuations cannot be ruled out
Company aims to reach 120,000 villages in three years, says FMCG market to double with in the decade
Move is expected to result in passive inflows of $89 million (Rs 650 cr) in Tata Consumer. Gail could see outflows of $57 million (Rs 410 cr)
The rate rejig, analysts say, will alter the tax burden on companies, which they expect to get passed on to the consumers
Full-year organic sales, which strip out currency swings, acquisitions and divestitures, grew 3.6% in 2020, ahead of Nestle's own guidance for "around 3%" and peer Unilever's 1.9% underlying sales
While valuations are rich, analysts have trimmed earnings estimates by 2-4% for CY20-CY23
In the intra-day session, the Sensex and the Nifty indices touched a low of 51,586 and 15,171, respectively.
Brokerage HDFC Securities in a results update said moderation in in-home consumption categories will impact key brands but revival in OOH will support growth
L&T Finance said it has closed its rights issue and raised over Rs 2,998 crore
While its domestic business, which makes up over 90% of its topline, grew 10.1%, exports declined 7.7% during the quarter
The firm was helped by strong domestic sales growth that was broad-based and largely driven by volume and mix; declares final dividend of Rs 65 per share
The Maggi noodles maker is expected to post double-digit revenue growth in its profit after tax (PAT) for the fourth quarter of the financial year 2020
The stock of Nestle India has witnessed a gradual correction and has consolidated near the 200-DMA level of 16,950, maintaining a decent support.
BSE FMCG index has gained just 2.4% since the Union Budget, compared to the 11.4% rally in the benchmark during the period
Focus on innovation, market share and product premiumisation seen boosting growth
Generated bids worth over Rs 40,000 cr. Previously, only three tiny issues have garnered more than 200x subscription