Page 49 - Margin Expansion News Today

Total FY23 Revenues of $2.42 Billion (+15% Y/Y and +20% Y/Y at Constant Currency); GAAP Diluted Earnings per Share of $0.87 (+16% Y/Y) and Non-GAAP Diluted...

The FMCG sector had been hit by inflation, uneven rains during the kharif season and the resultant weak sentiment of the rural sector. However, sentiment is positive for the sector in coming months over expectations that the government will initiate measures to boost rural incomes and demand.

Get latest articles and stories on Business at LatestLY. New Delhi [India], February 8: Piccadily Agro Industries Limited (PAIL), the largest independent manufacturer of malt spirits in India and makers of the award-winning Indri single malt whisky, today announced its outstanding performance for the third quarter of the FY 23-24. Business News | Piccadily Agro Industries Limited Reports Staggering Growth in Q3 FY 23-24 Financial Results.

Adjusted EPS Climbs to $5.21, Propelling ITT's Full-Year Performance

Company Announces 4% Dividend Increase and Expects Continued Growth in 2024

Kaustubh Pawaskar says: “We should expect some improvement in demand from Q1 of FY2025 since inflation has also reduced and companies are passing on the benefit to the consumers in forms of price cuts and grammage increase. The benefits should start coming in the quarters ahead and if all goes well, monsoons turn out to be better, then it should help in revival in the rural demand.”

Kaustubh Pawaskar says: “We should expect some improvement in demand from Q1 of FY2025 since inflation has also reduced and companies are passing on the benefit to the consumers in forms of price cuts and grammage increase. The benefits should start coming in the quarters ahead and if all goes well, monsoons turn out to be better, then it should help in revival in the rural demand.”

Adjusted EPS Surges by 28.3% Despite Lower Net Sales; Gross Margin Sees Significant Improvement

“I would buy real estate stocks if there is a small correction of about 5%, 10%. These are all high beta stocks. Interest rates have not really gone down. I am a little surprised that even at higher interest rates, these kinds of numbers are being delivered. So I want to have some exposure. But purely from a momentum perspective, on a dip.”

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