In the March quarter, the company’s EBITDA margin fell by 80 basis points.
The Nifty consumption index has outperformed the Nifty benchmark index by 6% in past one year.
India imported nearly 1 billion barrels of crude oil annually.
The MSCI Emerging Market Index has wiped out its entire gains for the current year.
In the March 2018 quarter, Exide’s operating margin stood at 13.7 per cent.
The current account deficit is set to widen and it looks like the surge in oil prices could upset the fiscal balance.
Commentary by company managements on future demand has started to sound positive.
The company has been continuously gaining market share in the domestic engine market.
The Street is pricing in volume growth of 10 per cent in both FY19 and FY20.
Volume rose 23 per cent on account of higher growth in the rural market.
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