Wed, Feb 14, 2024 6:45 PM
ICE Make Refrig Standalone December 2023 Net Sales at Rs 81.56 crore!
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Prabhudas Lilladher's research report on Asian Paints. We cut FY25/26 EPS estimates by 1.2%/2.2% given little scope to improve margins (all time high levels ex of covid year), higher spends on distribution, advertising and supply chain post Grasim’s entry and high capex phase despite sustained double digit volume growth expectations. APNT has launched Neo Bharat latex based emulsion.
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Prabhudas Lilladher's research report on SRF. Chemical Segment continued to show weakness with decline of 14% in revenue YoY during the quarter. The Speciality Chemical business faced obstacles stemming from inventory realization by key customers, while the Fluorochemicals business encountered pricing pressure and lower volume due to Chinese dumping. Furthermore, oversupply in the BOPET and BOPP.
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Prabhudas Lilladher's research report on Voltas. Voltas reported rev. growth of 42.1% YoY led by healthy growth across segments, UCP/EMPS/EPS grew by 44.2%/47.2%/9.8% YoY. While margins were lower than expectations due to losses in EMPS segment and margin contraction in EPS & UCP segment. VOLT has sustained its market share in RAC segment (YTD 18.7% vs 19%/19.2% Dec/Aug-23).
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