The performance of the company’s smaller subsidiaries was also weak, resulting in consolidated profit before tax falling 62 per cent QoQ.
In the September quarter, the bank reported the highest ever quarterly slippages of Rs 1,377 crore.
In comparison, foreign institutions have 63 per cent of investments in these companies.
A very focused and conservative strategy is paying out for this south-based bank.
Lower taxes will make DMart more competitive against the e-retailers in the same space.
No large-cap company in the FMCG/ retail space is offering growth visibility as high as Titan.
According to media reports, Udaan did revenue of ₹65 crore and incurred a loss of ₹60 crore in FY18
Most companies in the sector have accumulated losses of the past.
Traditionally, Avenue Supermarts has preferred buying properties as compared with leasing.
Colgate’s net sales and net profit have remained mostly flat for the last 12 quarters.
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