ITC posts highest-ever quarterly profit; key Q2 takeaways

FMCG-to-hotel giant ITC’s September quarter profit beat Street expectations on one-time-profit from tax credit. The company reported a rise in revenue in all segments. The largest growth was seen in agri business. Here are key takeaways from the company’s Q2 earnings: Profit beats estimatesFMCG giant ITC posted a 36.16 per cent year-on-year rise in standalone … Read more ITC posts highest-ever quarterly profit; key Q2 takeaways

Despite widening slowdown,Voltas eyes 20% volume jump

MUMBAI: Undeterred by the deepening economic slump, seen most acutely in the auto and FMCG sectors, air-conditioner maker Voltas is eyeing a 20 percent volume growth this fiscal year. The Tata Group company, which sold 1.25 million in FY19, is expecting volume to touch 1.5 million units by March. “We have set a target of … Read more Despite widening slowdown,Voltas eyes 20% volume jump

There’s no slump in demand for phones and white goods

KOLKATA: Consumers may be cutting down on consumption of daily necessities and deferring purchase of apparel and cars, but smartphones and white goods seems to have bucked the trend. Latest data by market researcher GfK show unit sales of products like smartphones, smart speakers, washing machines, refrigerators and air-conditioners have grown at a faster pace … Read more There’s no slump in demand for phones and white goods

Sanjiv Bhasin’s 4 favourites with FMCG stocks set to make a comeback in H2

October onwards, will be the best 18-24 months ever in equity markets, says Sanjiv Bhasin, Executive Vice President, IIFL Securities. Excerpts from interview with ETNOW. What is that one big factor that you would be watching out for from a stock market perspective in the budget?Sanjiv Bhasin: It has to be three-fold one. It will … Read more Sanjiv Bhasin’s 4 favourites with FMCG stocks set to make a comeback in H2

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