US stock index futures edged higher on Monday on optimism around China reopening its borders, while signs of cooling in the labor market boosted bets of a slower pace of rate hikes by the US Federal Reserve. After being clobbered in 2022 by the Fed’s fastest pace of rate hikes since the 1980s, Wall Street […]
Electrical appliance maker Havells reported revenue growth of 12.6% y-o-y in Q3FY23. However, Ebitda and PAT were down 3.8% and 7.3% y-o-y. While gross margin improved 75bps y-o-y, higher staff cost and other expenses as percentage of sales pulled the Ebitda margin down by 175bps y-o-y. PAT margin also contracted to 6.9%. While B2C sales […]
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