There is no near-term respite for the country's largest fast-moving consumer goods maker, Hindustan Unilever (HUL), which is facing multiple challenges on the growth front. With demand showing no signs of improvement, especially in the rural segment, the October-December quarter (Q3) of 2023-24 (FY24) is likely to be similar to the previous quarter, with volume growth in the low single digits. The stock, which is down 7 per cent over the past year compared to the 11 per cent jump for the S&P BSE Sensex, could underperform the benchmark in the near term as well.
Earnings growth trajectory for India's capital goods firms is likely to stay buoyant for the December 2023-ended quarter (Q3 FY24), said analysts. Guidance on margins, ordering activity in an election year and export-related demand would be key monitorables. Brokerages - Motilal Oswal, Nuvama, Kotak Institutional Equities and Prabhudas Lilladher - estimated revenue growth for their capital goods universe to be 11-16 per cent year-on-year (Y-o-Y).
'The moment a new election comes, new guarantees are announced.' 'The BJP is adept at diverting people's attention.'
Sabalenka has always had the power and, since addressing the frequent on-court meltdowns that once blighted her career, has shown a frightening level of consistency at Grand Slams.
Australia opener David Warner looks likely to get the Test farewell of his choice after being named in the 14-man squad for the opening clash in the three-match series against Pakistan on Sunday.
Sukanya Verma looks at how the 33 year old has fared in her decade-long career.
'Now that all the early adopters have the electric car, governments are backing down in some countries because they do not have the money to subsidise so much.'
Ananya Chakravarty (52), who was an inspector in Research and Analysis Wing (RAW) and was posted as a field officer in the Cabinet Secretariat, was found hanging from a fan while the bodies of his wife Jaishri, son Arnab (17) and daughter Disha (12) bearing blunt injury marks were found in the house which was bolted from inside, police said.
Serve it with steamed rice, chapattis, salad and papad for a wholesome meal.
He went missing after his wife filed an affidavit in a court in Kolkata in 2005 that alleged he is a Bangladeshi national, sources in the intelligence agency said.
The new leadership will be to have such an introspective exercise. The RAW has done great work in the past. It is capable of similar great work in the difficult years to come with the right critical approach and self-correcting action, says strategic expert B Raman.
Petrol and diesel prices were cut by Rs 2 per litre each as state-owned oil companies ended a nearly two-year-long hiatus in rate revision, just hours before the general election schedule was announced.
China has scrapped tariffs and value-added taxes on core equipment, components, and raw materials imported and used in civilian high-tech projects.
After underperforming its peers in the consumer space in 2022-23, and experiencing a mixed bag in the 2023-24 (FY24) April-June quarter (first quarter, or Q1), brokerages are positive about the medium-term outlook for liquor stocks. Higher raw material costs, concerns regarding increased duties, regulatory changes, and competitive pressures weighed on performance returns in the past quarters. Analysts believe that the sector could experience a reversal of fortunes due to better demand and margin improvements.
Sandeep Reddy Vanga's action thriller Animal packs excitement.
'Shooting with Pankaj was a delightful experience because he was a charming, easy and effortless singer.'
India's manufacturing sector continued with its robust performance in November, mainly on the back of substantial easing in price pressures and strengthening demand from clients, a monthly survey said on Friday. The strong performance of the manufacturing sector is expected to continue in 2024 as well. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose to 56 last month from the eight-month low level of 55.5 recorded in October.
A marriage of stuffed eggplant or brinjal and South Indian-flavoured rice has a new outcome.
Sukanya Verma gives us five reasons to look forward to December 1 when Animal's father-son tale unleashes itself on screens.
It's all eyes on the consumer durables sector during the festival season after a weak Q1FY24 and Q2FY24 was impacted by an erratic monsoon. Traditionally, this period sees the highest number of purchases. Dealers and manufacturers are complaining about low business-to-consumer (B2C) off-take during the first half.
As Ravichandran Ashwin achieved the milestone 100th Test in Mohali, everyone had their lists of his best bowling feats. But Ashwin's finest cricketing moment was probably when he and Hanuma Vihari battled inhuman injury to draw the Sydney Test against Australia after India were bowled out for 36 in the first Test at Adelaide.
The Congress on Tuesday said the country's interests and concerns must be kept paramount and its fight against terrorism has to be uncompromising, amid a row between India and Canada over the killing of a Khalistani separatist leader in that country.
This is a good opportunity for long-term investors to pick quality small and midcap stocks at reasonable valuations.
Corporate India reported high double-digit growth in net profit for the fourth consecutive quarter in October-December 2023 (Q3FY24), driven by margin gains from lower prices of raw material and energy.
Ore and coking coal to come from Tata mines in Canada, Africa.
Hardcore action, romance and politics, April has a lot to offer!
The founder and chief of Pakistan's Muttahida Qaumi Movement, under fire for allegedly receiving funds from India, has swore that neither he, nor his party had any connection with India's external intelligence agency RAW.
Liquid and powder raw materials worth Rs 2.73 lakh, chemicals worth Rs 2.59 lakh, besides vehicles, two country-made pistols, four magazines, and 14 cartridges were seized from seven accused, he said.
The papayas from Mumbai were too squishy, the chef raced through the streets of Goa in a police jeep to look for fruit ripened just right only to have security personnel puncture many a hole through them... a new book recalls in detail the struggle to procure and plate perfect papayas for Indira Gandhi during a Commonwealth Heads of Government Meeting (CHOGM) in 1983.
Due to unseasonal rains, the second quarter of financial year 2023-24 (Q2FY24) was disappointing for the room-air conditioner (RAC) segment and Q3FY23 was also slow. While general consumption demand was low in Q3FY24, the low base and the pent-up demand from the first half of financial year 2023-24 (H1FY24) seem to have driven an off-season demand for RACs.
State-owned fuel retailers are losing close to Rs 3 per litre on selling diesel while the profit on petrol has trimmed due to recent firming up in international oil prices, industry officials said detailing reasons for continuing to hold retail prices. Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), who control roughly 90 per cent of India's fuel market, 'voluntarily' have not changed petrol, diesel and cooking gas (LPG) prices for almost two years now, resulting in losses when input cost was higher and profits when raw material prices were lower.
Hindustan Unilever's Q3FY24 performance was lacklustre, with both sales and operating profit barely moving from the year-ago period due to price cuts and higher advertising costs. Besides weak demand, the FMCG (fast-moving consumer goods) major is facing increased competitive pressures, particularly from regional players, which, coupled with a slow recovery in rural markets, could put revenues under pressure going forward. Margins are expected to remain range-bound as benefits from falling raw material costs are expected to be neutralised by rising promotional budgets.
Jackfruit curry is an unsual dish to make and keeps both vegetarians and non-vegetarians happy.
Pakistan Defence Minister Khawaja Asif has accused India's external intelligence agency Research & Analysis Wing of involvement in "whipping up terrorism" in the country.
Tamil Nadu, which boasted of as many as nine ministers in the UPA-II government in 2009, did not get any representation in Modi 2.0 government.
The panel headed by Justice (retired) Ritu Raj Awasthi has submitted its report to the government, calling for an exhaustive overhaul of the law.
This flavoursome curry is everything you would want on a lazy week night. Try it!
When it comes to desi swag, very few can beat Aishwarya Sushmita.
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