Muted demand tones down V-Guard's glow in March quarter
V-Guard’s management said that high inflation is hurting demand but it expects some turnaround in the September quarter
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V-Guard’s management said that high inflation is hurting demand but it expects some turnaround in the September quarter
Despite the Pink Love Sale in February, orders in the beauty and personal care segment fell by 7.4% in the March quarter compared to a 4% drop in the same quarter last year
In the March quarter (Q4FY23), while revenue grew 20% year-on-year to ₹10,337 crore, Ebitda growth has been slower at just 5.4%.
Despite the positive results, the Polycab India’s earnings growth could be tempered in FY24 due to higher advertising and promotion expenses
As covid related restrictions lifted in China, there was a significant ramp-up in supplies of agrochemicals from the country, weighing on post-patent product prices.