Crompton's durables business on track, but Butterfly lags
Mint Mumbai|November 26, 2024
Crompton Greaves Consumer Electricals Ltd's shares have gained 9% since its September quarter results (Q2FY25) were released around mid-November. Consolidated gross margin expanded year-on-year, pushing Ebitda growth to 16.5%, ahead of 6% revenue growth.
Pallavi Pengonda

This could be exciting for investors, coupled with the fact that Crompton's electric consumer durables (ECD) business saw double-digit revenue growth for the fifth straight quarter. ECD revenue rose by 12.5% in Q2 to ₹1,393 crore or 73% of consolidated revenue. This was led by 26% and 20% growth in appliances and pumps, respectively.

Bu hikaye Mint Mumbai dergisinin November 26, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Mint Mumbai dergisinin November 26, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MINT MUMBAI DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
GDP growth falters in Q2, hopes pinned on 2nd half
Mint Mumbai

GDP growth falters in Q2, hopes pinned on 2nd half

GDP growth of 5.4% was the lowest in nearly two years, lower than estimates

time-read
3 dak  |
November 30, 2024
Aster DM merges with Quality Care in $5-billion deal
Mint Mumbai

Aster DM merges with Quality Care in $5-billion deal

Bengaluru-based Aster DM Healthcare on Friday announced a merger with Blackstone-backed Quality Care India Ltd (QCIL) in a deal that will value the combined entity at $5.08 billion (₹43,000 crore).

time-read
2 dak  |
November 30, 2024
AIFs, equities pip realty in family office funding
Mint Mumbai

AIFs, equities pip realty in family office funding

What's Ahead for Family Offices?

time-read
2 dak  |
November 30, 2024
Defence contracts emerge as key biz for telecom infra makers
Mint Mumbai

Defence contracts emerge as key biz for telecom infra makers

India's push for local manufacturing has prised open a new business frontier for domestic telecom equipment manufacturers.

time-read
2 dak  |
November 30, 2024
HUL turns to high-growth segments to lift demand
Mint Mumbai

HUL turns to high-growth segments to lift demand

Premium is the watchword for packaged consumer goods major Hindustan Unilever Ltd (HUL), as it unveiled a new strategy on Friday to ride on an expected rise in household income and increasing consumer preference for more expensive brands and products.

time-read
2 dak  |
November 30, 2024
Russia's war economy shows new cracks after ruble plunges
Mint Mumbai

Russia's war economy shows new cracks after ruble plunges

The Russian economy, surprisingly resilient through two-plus years of war and sanctions, has suddenly begun to show serious strains.

time-read
4 dak  |
November 30, 2024
Colgate making right moves, but valuation a concern
Mint Mumbai

Colgate making right moves, but valuation a concern

Colgate Palmolive (India) Ltd has had a good run in recent quarters and continues to make efforts to boost growth.

time-read
2 dak  |
November 30, 2024
Kalyani family's wealth war takes a fresh turn
Mint Mumbai

Kalyani family's wealth war takes a fresh turn

Gaurishankar Kalyani has filed papers to back his claim that HUF exists

time-read
2 dak  |
November 30, 2024
Mint Mumbai

Zomato raises ₹8,500 crore via QIP

A big part of the proceeds is to be used to expand Zomato's quick commerce arm Blinkit

time-read
1 min  |
November 30, 2024
Fintech startup Klub halves workforce
Mint Mumbai

Fintech startup Klub halves workforce

Bengaluru-based financing startup Klub laid off about 60-70 employees in September and paused its commerce operations, according to multiple people aware of the developments.

time-read
1 min  |
November 30, 2024