The FinTech Hub
Source: Live Mint 52 Week Low Stocks Today on February 17, 2025: Shares of Godrej Consumer Products, CANARA BANK, Indian Oil Corporation, Life Insurance Corporation of India, Coal India hit their fresh 52 wk lows today. Nifty 50 was down by -15.65(-0.07%) points and Sensex was down by -211.61(-0.28%) points at 17 Feb 2025 10:59:58…
Source: Live Mint Godrej Consumer Products, a leading FMCG company, announced its financial results for the quarter ending December 31, 2024, on January 24, reporting a 14.28% year-on-year (YoY) decline in consolidated net profit, which reached ₹498 crore, impacted by soft performance in both the Home and Personal Care segments. In the same period last…
Source: Live Mint Indian consumer staple companies faced a challenging year in 2024, navigating a landscape of uneven demand. While rural demand showed some signs of recovery, urban demand weakened, subduing overall consumption trends. Limited price hikes further weighed on revenue growth. “Our universe reported a <5% volume growth,” said analysts at Jefferies India in…
Source: Live Mint The FMCG sector faced a turbulent 2024, marked by considerable volatility. The year started on a weak note, with the sector declining by approximately 9% from January to March, as subdued rural demand and broader macroeconomic challenges weighed heavily on its performance. From mid-April to September, the index rebounded sharply, gaining around…
Source: Live Mint Godrej Consumer Products share price plunged 10% in early trade on Monday after the FMCG company reported weak mid-quarter business update, highlighting demand headwinds. Godrej Consumer Products shares declined as much as 10% to ₹1,112.05 apiece on the BSE. “The demand conditions in India have been subdued for the past few months…
Source: Live Mint The FMCG sector is expected to post mid-to-high single-digit value growth, led by improvement in volume growth, amid recovery in rural markets, analysts at InCred Equities said. While urban market growth is expected to remain sluggish, rural markets are likely to grow 300 – 400 bps higher in value terms, aiding the…
