Cigarette Tax Hikes Likely To Dent ITC’s Margins, Says Axis Direct
While the exact impact under new tax structure is still evolving, the higher levy is likely to force companies such as ITC and their peers to raise prices
While the exact impact under new tax structure is still evolving, the higher levy is likely to force companies such as ITC and their peers to raise prices
A report says that the company’s plan to add 267 restaurants over three years, while same-store sales hover around 3 per cent, creates unit economics pressure that only margin expansion can offset
However, most high-rated entities with a high US exposure have comfortable liquidity and leverage headroom to manage any immediate pressure
The company says that any adverse developments in monsoon or crop yield could intensify inflationary pressures and impact growth
FMCG major Emami reported an 11.88 per cent increase in consolidated profit after tax to Rs 260.65 crore for the December quarter of 2023-24, aided by improved margins due to lower input prices. According to the company’s regulatory filing, the business had a net profit of Rs 232.97 crore in the October-December fiscal year 23. […]
Patanjali Foods on Thursday reported a 19.3 per cent year-on-year (YoY) drop in net profit for the quarter ended December to Rs 217 crore. Revenue from operations fell 0.2 per cent to Rs 7,911 crore. Sequentially, the topline rose just 1.1 per cent, while the bottomline dropped by nearly 15 per cent. The primary food […]
H&M’s CEO resigned unexpectedly on Wednesday and business veteran Daniel Erver took over with immediate effect, as the Swedish apparel brand battles to increase sales and profitability. Shares in the Swedish fashion store fell 8 per cent after outgoing CEO Helena Helmersson announced her decision to quit the firm after four years in charge, describing the post […]
Amid the fear of an economic slowdown due to supply chain disruptions and geopolitical crisis across the globe, India’s home textile players are pining hopes on festive fervour in the financial year (FY) 2024 for the ride to recovery. After facing strong headwinds in the last fiscal, the rating agency Icra in a report has […]