EBITDA growth of 234 cos outpace sales for 3 quarters; over 100 stocks turn multibaggers

EBITDA growth of 234 cos outpace sales for 3 quarters; over 100 stocks turn multibaggers

After seeing testing times in FY23 amid skyrocketing inflation and weak consumer demand, India Inc found solace in FY24 as several companies reported strong double-digit growth in earnings. One of the major factors driving this growth was easing inflationary pressures. As many as 234 companies, excluding banks and financial services, saw operating profit or EBITDA, … Read more

The whole strategy of profitable growth panning out for Arvind Fashions: Shailesh Chaturvedi

The whole strategy of profitable growth panning out for Arvind Fashions: Shailesh Chaturvedi

Shailesh Chaturvedi, MD & CEO, Arvind Fashions, says “the markets are behaving the way they were behaving in Q3 and we hope that we will continue to grow our offline channel at close to 10% growth. We have done a destocking in our B2B online wholesale business and that has led to a one-time sales … Read more

Eyes on the supply-side: Disruptions could lead to further price increases

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The Covid-induced global lockdowns in 2020 ignited supply chain disruptions, which, in turn, paved the way for a great loss of global demand. Consequently, oil prices plummeted significantly to levels last seen in 2002, and indices of Commodity Research Bureau (CRB), Baltic Dry, London Metal Exchange and S&P GSCI tumbled to multi-year lows. This plunge … Read more

View: Why it’s time for India to give Modern Monetary Theory a chance

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India has a huge – and persistent – consumption problem on its hands. Officially, private consumption, at Rs 17.83 lakh crore as of June 2021 (at constant prices), is where it was in June 2017. It is what all households spend and forms over one half of India’s total GDP. But this largest engine of … Read more

Icra expects consumer demand to pick up in festive season

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Rising confidence among consumers is expected to boost demand during the festive season even as high performance indicators remained a mixed bag during August and the first half of September, analysts at ratings agency have said. “It appears that the temporary boost, provided by the easing of state-wise restrictions after the second wave of Covid-19 … Read more

France’s Renault scraps investment in new diesel engine

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French carmaker Renault will not invest in developing a new engine to fit the last generation of diesel vehicles it will produce and will instead adapt its existing model, Chief Executive Luca de Meo told shareholders on Friday. Auto groups are accelerating an overhaul away from diesel and into electric cars, encouraged by more stringent … Read more

China’s population to enter negative growth after 2025: Official

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The demographics of the world’s most populous country is set to change as China will experience a negative growth after 2025, which will result in a shortage of consumer demand, a well-known Chinese economist has cautioned. China’s population is set to peak in just four years’ time and the milestone will be marked by a … Read more