Key Points
Venkatraman give a marathon analogy and says when you are running, if you take 20 quarters in five years and two km equivalent to a quarter, in some two km stretches, you do better than planned and therefore you get a reserve of that and you use that reserve to slow down a little deliberately..
That is why I am saying that FY23 has been exceptional in terms of sales growth, profit margin expansion, market share gain, customer experience standards, every which way and therefore we are totally on course for our FY24 ambition as well as FY27 ambition..
It is one of 26 fortnights in a year and we cannot be getting worked up about one fortnight which is slow because we have in our hands a huge market share opportunity in virtually every business where we operate to go after share gain and actually make up for whatever lost ground in the first fortnight of April...
We are really pushing the premium journey of the Titan brand going into beyond Rs 50,000, Rs 100,000 all the way up to Rs 200,000 price points through product innovation, marketing, retail transformation and all that and super excited about the watch business as well...
As far as the eye care business is concerned, the last two, three years were spent substantially in transforming the operations of the business and you will see quarter on quarter results barring a Q4 of FY23 where we deliberately decided to invest in certain parts; in employees, in the company stores as a leap forward in FY24 and in partners barring that, every quarter we have delivered exceptional results...
You might be interested in
Expect NCR to be strongest market for Godrej Properties; confident of delivering full year guidance: Piro
04, Nov, 23“This year, we expect to deliver over 12 million square feet of real estate. During the year we have delivered about half of that in the first half but some of the more high-end projects and more lucrative projects of the company are slated for delivery in the fourth quarter.”
Bajaj Electricals looks to improve margins
13, May, 23He said in the past six months, the company has repositioned and relaunched its two largest brands - Bajaj and Morphy Richards - and has just launched a new premium and aspirational brand Nex. Next, the company will reposition its cookware brand Nirlep. As of 2021-22, the margin of the consumer business was 6.8%. The company is yet to announce its 2022-23 financials.
Cut in discretionary consumer spending impacted fashion business last quarter: Nykaa
05, Apr, 23“Consumer pullback in discretionary spends has had some impact on our fashion business, leading to subdued growth in NSV (net sales value) this quarter,” Nykaa said in a stock exchange filing.
Stocks to Watch: Dr Reddy's, Federal Bank, Titan, Adani Wilmar, JSW Steel
08, Jan, 24FPI net inflows into Indian equities and debt in 2023-24 have reached a nine-year high. At ₹2.68 trillion, this is just ₹9,625 crore away from 2014-15’s record net inflows of ₹2.77 trillion.