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 […]
The food ministry on Thursday urged the edible oil retailers to pass on the benefits of the downward trend in global edible oil prices to consumers. “With the edible oil prices beginning to show a downward trend and set to witness further reduction to be made by the edible oil industry, the Indian consumers can […]
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