ORIENT BEVERAGES LTD Q1 RESULTS
Hot stocks: Brokerage view on Cyient, Varun Beverages and Avenue Supermarts
JP Morgan maintained an overweight rating on Cyient, targeting Rs 2,100. BofA continued to favor Varun Beverages with a target of Rs 1,840, citing strong fundamentals. UBS retained a buy rating on Avenue Supermarts, setting a target price of Rs 6,000 due to strong demand and sales growth.
Railway sector Q1 review: Average PAT decline 16% QoQ, revenue down 24%. What are your cues?
The railway sector reported an average 16% drop in net profits and a 24% revenue decline for the quarter ending June 30, 2024. Ten out of thirteen companies saw decreased profits, and all experienced revenue declines. Stocks have fallen by up to 32% from their 52-week highs, raising concerns about performance.
Hindalco Q1 Results: Cons PAT jumps 25% YoY to Rs 3,074 crore, revenue rises 8%
Hindalco Q1 Results: The Aditya Birla Group company's revenue from operations increased 7.6% to Rs 57,013 crore, and EBITDA surged 31% to Rs 7,992 crore. The India business achieved a 102% rise in consolidated PAT to Rs 1,957 crore.
Q1 results this week: HAL, Ola Electric, Vodafone Idea, IRFC, and Nykaa among 85 companies to announce quarterly earnings
Several widely followed companies, including Vodafone Idea, Hindustan Aeronautics (HAL), Mazagon Dock, Hero MotoCorp, IRFC, IRCTC, HUDCO, Apollo Hospitals, Samvardhana Motherson, GMR Airports Infrastructure, Nykaa, and Ola Electric will be releasing their June quarter report cards this week. Here’s the list:
LIC stock portfolio surges to Rs 15 lakh crore, 95 stocks sold in Q1
Life Insurance Corporation of India's equity portfolio has nearly doubled in three years to Rs 15.72 lakh crore. In the June quarter, LIC reduced stakes in 95 stocks, including Bank of Maharashtra, while increasing investments in firms such as Infosys and TCS. Fund managers advise rotating into value sectors for optimal returns.
SOM Distilleries and Breweries' net profit before minority interest up 20% on-year in Q1FY25
SOM Distilleries and Breweries Ltd announced strong Q1 FY25 financial results with a 33% increase in total income to Rs 513.7 crore.
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Dabur Q1 Preview: Domestic volumes to drive revenue growth by 6% YoY; margins to expand
Dabur India’s revenue for Q1 2024 likely witnessed a 6% year-on-year growth, driven by rural market improvement and international business. Domestic volumes reportedly grew by 5-6%, with gross margins expected to improve by up to 200 bps YoY. Higher ad-spends were seen moderating EBITDA margins slightly.
Tata Consumer shares drop over 2% as Q1 results fail to impress. Should you invest?
Tata Consumer Products reported an 8% drop in profit after tax for the first quarter ended June 2024, falling to Rs 290 crore, below estimates. Shares fell 2.3%. Revenue from operations increased 16% year-on-year to Rs 4,352 crore. The drop in profit was attributed to higher exceptional items and lower returns from joint ventures and associates.
Tata Consumer Q1 Results: Net profit falls 28% YoY to Rs 188 crore
Tata Consumer Products saw a 28.3% drop in standalone net profit to Rs. 188.08 crores in Q1 FY25. However, revenue increased by 20.8% to Rs. 2923.41 crores. The company acquired 99.99% equity in Organic India Private Limited. Key segments such as India foods and coffee posted significant growth. Profit before tax fell by 21%.
TCPL Q1 Results: Net profit drops 14% YoY to Rs 289.25 cr, revenue up 16%
Tata Consumer Products Ltd (TCPL) on Tuesday reported a 14.34 per cent decline in consolidated net profit to Rs 289.25 crore in the first quarter ended in June 2024 on account of exceptional items and lower share of profits from its associates and joint ventures. The company had posted a consolidated net profit of Rs 337.71 crore in the April-June quarter a year ago, according to a regulatory filing from TCPL.
Tata Consumer Q1 Results: Cons PAT falls 8% YoY to Rs 290 crore; misses estimates
Revenue from operations in the reporting period rose 16% year-on-year to Rs 4,352 crore as against Rs 3,741 crore in the previous year period. The decline in profit was due to higher exceptional items and a reduced share of profits from associates and joint ventures. During the quarter, the India Beverages business saw a 6% increase in revenue (1% organic growth), despite being affected by an intense summer. In contrast, coffee maintained a strong performance, with a 28% revenue growth for the quarter.
Suzlon shares zoom 23% since Q1 results. Still time to ride the rally?
Suzlon Energy's shares hit a new high following a 23% rally spurred by impressive Q1 results, including a 200% year-on-year profit gain and a 50% revenue increase. Brokerage firms have raised target prices, highlighting the company's strong order book and improved financial health.
Varun Beverages Q2 Results: PAT jumps 26% YoY to Rs 1,262 crore, revenue up 28%
In Q2 CY2024, Varun Beverages reported a 32% increase in EBITDA to Rs 1,991 crore. Consolidated sales volume rose by 28.1% to 40.16 crore cases, up from 31.35 crore cases a year earlier, including 2.8 crore cases from BevCo. Approximately 46% of sales volumes were from low-sugar or no-sugar products.
Varun Beverages announces 2:5 stock split, interim dividend of Rs 1.25 per share
Varun Beverages, PepsiCo's franchise partner, declared a stock split in the ratio of 2:5 and announced an interim dividend of Rs 1.25 per share. The company's June quarter results showed a 26% year-over-year increase in profit, amounting to Rs 1,261.83 crore, with revenue growing by 28%.
Q1 results today: Tata Consumer, Varun Beverages among 91 companies to announce earnings on Tuesday
Q1 Results Today: As first quarter earnings season progressed, 91 companies, like IOC and Tata Consumer, disclosed results. Tata Consumer is expected to exhibit 13% revenue growth due to strong India foods business. However, profit estimates vary. The company's EBITDA margin for the first quarter is projected to rise to 15.3% due to better gross margins.
Tata Consumer Q1 Preview: Revenue may grow 13% YoY; margins to expand
Tata Consumer Products saw a significant revenue boost in the first quarter, fueled by solid growth in the India foods segment and moderate performance in beverages. Profit estimates from analysts were mixed. Improved EBITDA margins are anticipated, while tea and coffee prices remain key factors. Various segments experienced mixed growth trends amid cost challenges.
Q1 results this week: ITC, SBI, TaMo, Zomato among 130 firms to announce earnings
This week, several prominent companies released their June quarter financial results. Firms like ITC, SBI, Adani Ports, Tata Motors, and M&M showcased their reports between July 29th and August 3rd. The updates offered a glimpse into their quarterly performance, engaging the attention of investors and stakeholders.
Nestle India Q1 Results: Profit rises 7% YoY to Rs 747 crore, misses estimates
Nestle India Q1 Results: During the quarter, the MNC packaged foods company's 5 top brands grew by double digits. Despite a hot summer in India, its beverages business thrived with strong growth. Innovations contributed to a 30% growth in prepared dishes and cooking aids.
United Spirits shares rally over 6% on solid Q1 results
United Spirits' shares rose 6.5% to Rs 1,416.85 on BSE after a Q1 net profit of Rs 485 crore for June 2024, up 2%. Revenue grew 7%, with beverage alcohol up 8% and sports down. CEO Hina Nagarajan mentioned fiscal 2025 performance, renovation, long-term competitiveness, and soft demand. Investments worth Rs 7.
United Spirits Q1 results: Net profit rises 2% YoY to Rs 485 crore
Revenue from operations in the June quarter increased 7% year-on-year to Rs 6,238 crore, compared with Rs 5,808 crore in the corresponding quarter of last year.
HUL Q1 Results Today: Revenue growth seen to be flat, PAT uptick marginal
Axis remains most conservative on the PAT figures, estimating a 1% decline to Rs 2,479 crore in the April-June quarter while Prabhudas most bullish with estimates of 2.5% uptick at Rs 2,562 crore. As for the company revenue in the said quarter, Prabhudas has the highest estimates while Axis has the lowest one. A flat to 2% YoY revenue uptick is seen in Q1.
Sensex falls over 300 pts as RIL & bank stocks tumble, Nifty below 24,400
Ahead of the budget, Indian markets fell. Sensex dropped 355 points, Nifty50 by 148 points. Reliance fell 2.5% from lower fuel margins; HDFC Bank, the country's top private lender, rose 1% after beating profit forecasts; Wipro dropped 8% due to weak demand in Europe and Asia-Pacific. Mixed performance among key stocks in early trading.
PVR Inox Q1 Results: Consolidated loss widens to Rs 179 crore, revenue drops 9% YoY
PVR Inox reported a net loss of Rs 179 crore for June 2024 quarter, down from Rs 82 crore in the same quarter of the previous year, with revenue at Rs 1,191 crore and an EBITDA loss of Rs 19.90 crore. Patron count was 3.04 crore with a average ticket price of Rs 235 and Rs 134 F&B spend per head. Elections were said to have caused a 13% drop in releases.
Profit booking or another record high in Nifty this week? Track these 5 factors
After six consecutive weeks of gains, the Nifty is experiencing mixed signals due to the anticipation surrounding the upcoming Budget and the ongoing earnings season. The Sensex managed to end the week 0.65% higher, while the BSE Smallcap index saw a slight decline of 0.26%. The June quarter earnings season began this week, and FII inflow into D-St crossed the Rs 15,000 crore mark in June.
Q1 results today: HCL Tech, IREDA among 14 companies announce earnings on Friday
TCS has started the first quarter earnings season with positive results, signaling an improved business environment. Today, HCL Tech, along with 13 other companies, will announce their earnings for the quarter ended June. Other notable companies reporting earnings include 5paisa Capital, Atharv Enterprises, Betala Global Securities, Gautam Gems, Golkonda Aluminum, Indo Cotspin, Infomedia Press, IREDA, and Oriental Hotels.
GM Breweries Q1 results: Profit jumps 25% YoY, revenue up 3%
GM Breweries (GMBL) posted a Q1FY25 profit of Rs 24.94 crore and Rs 600.59 crore revenue, up 25% and 3%. Total income Rs 604.22 crore, up 4% YoY. Largest in Maharashtra’s country liquor (CL) market, owns GM Santra, GM Doctor, GM Limbu Punch, GM Dilbahar Sounf.
Hindalco Q4 results today: Here's what to expect from the metals major
Hindalco Industries likely to report muted revenues in Q4FY24 despite higher profitability. Novelis expected to see improved earnings. Investors await management guidance on domestic aluminum demand and hedging position.
Varun Beverages shares surge over 5% post Q1 results. Should you buy, sell or hold?
Varun Beverages' (VBL) shares surged 5.5% on BSE, hitting Rs 1,558.45, following a 25% YoY increase in March quarter PAT to Rs 548 crore. Q1 revenue reached Rs 4,398 crore.
Varun Beverages Q1 Results: PAT jumps 25% YoY to Rs 548 crore; revenue rises 11%
Varun Beverages Q1 Results: Co reported a consolidated net profit of Rs 548 crore, rising 5% year-on-year (YoY) for the quarter ended March 31, 2024; revenue from ops stood at Rs 4,398 crore
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