News Muncher - searching for margin

M&M outpaces rivals with strong PV volume growth, margin expansion in Q2; becomes Jefferies’ top auto pick

The Indian Passenger Vehicle industry experienced a subdued September quarter, with Original Equipment Manufacturers reporting varied performance in terms of volume growth and margin trajectories. In contrast, Maruti Suzuki India, Tata Motors, and Hyundai Motor India reported volume declines of 2–9% YoY during the same period. > Tata Motors India PV: EBIT margin declined by 10 bps QoQ and a …

Colgate’s margins shine, but volume concerns can’t be brushed away

Are the best of margins behind for oral care products company Colgate Palmolive Ltd? Still, everything put together, Colgate’s growth outperformed Hindustan Unilever Ltd’s oral care portfolio, which saw mid-single digit growth in Q3. Be that as it may, the challenge for Colgate really is that the outlook on meaningful volume growth ahead is weak despite many product innovations. Factors …

Margin

Aggregate reported revenue growth of consumer staples companies under Kotak Institutional Equities’ coverage fell to 5.2% in the September quarter, marking the fourth straight quarter of drop in the measure. View Full Image Mint graphics On a like-for-like basis, growth stood at 4.6% last quarter. According to Kotak, the gross margin of consumer staples companies expanded by 515 and 160 …

Banks to see margin pressure amid hike in deposit rates: Jefferies

With the rising interest rate environment, most Indian banks are likely to see some pressure on their net interest margins over the next two to three quarters. Since December 2021, most Indian banks have taken a 170-210 basis points hike in their term deposit rates, with larger private banks and State Bank of India taking hikes of around 170-210 bps, …

Banks’ margin party is drawing to a close

The stellar rebound in India’s banking sector performance has been in focus in the recent quarters. Much of this is owing to the robust systemic bank credit growth and the sharp rise in lending rates, resulting in a significant improvement in the net interest margins of banks in the backdrop of RBI’s monetary tightening. As per RBI data, SCBs’ weighted …