The stock has been an underperformer over the last year and has traded flat over this period.
Muted margin performance in the June quarter has also led to a cut in earnings estimates by the brokerages. In addition, what could keep the stock under pressure in the near term are valuations that are in the expensive territory.
Going ahead, the Street will track the sales and margin trajectory. The sales growth in the quarter came in ahead of the estimates in a seasonally weak quarter due to lower sales of Vicks.
The 10 per cent sales growth in the quarter was a combination of product-price mix, premiumisation, and growth in the feminine hygiene category. Its annual growth rate over the past five years is 8 per cent.
For the full year (ending in June), the company reported a 7 per cent increase in sales to ₹4,192 crore.
Bu hikaye Business Standard dergisinin September 14, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin September 14, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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