For the December quarter, Marico posted a growth of 11% year on year in the topline and a volume growth of 9%. This was marginally below the street expectations.
Shasun Pharmaceutical’s stock gained 12.6% today after the company came out with an update on its UK subsidiary.
The company had recorded a net profit of Rs 204 crore in the same period, last fiscal.
TTK Prestige's operating margin contracted in the December quarter due to change in product mix and aggressive marketing.
The dealer penetration that the company has created is the biggest entry barrier for the other companies to take away market share from Asian paints.
In India, high taxes could lead to a further deterioration in the investment climate. Companies may choose to make incremental investments overseas.
According to a latest report by Morgan Stanley, Indian pharmaceutical industry would grow at 19% in 2013.
Marico's management has proposed restructuring of the company into two separate companies - FMCG company and Kaya Skin.
Nestle India is over-valued, company shows early signs of pressure; investors can consider exiting this stock
The company is showing early signs of pressure and it will be difficult for the company to take any further price hikes, there by impacting the growth in the company's profitability.
After rally in the real estate sector, is it the time for ancillary companies to rally too? Historical data suggests that paint industry grows at around 1.5 times that of GDP.
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