Massive Consumption Boom Keeps the Market Going
For years, the stocks of hotel industry have disappointed. In the 1990s, Indian Hotels was a glamour stock; East India Hotels was a close competitor; Leela was always followed by a question mark; and ITC Hotels (then a listed stock) was kind of tolerated in the marketplace. For years, I have seen red ink appearing frequently on the books and the return on capital employed (RoCE) fighting hard...
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Devyani International: June ’22 Results Update
Moneylife Digital Team 17 August 2022
Sales of Devyani International (Devyani) in Q1FY22-23 doubled year-on-year (y-o-y) to Rs705 crore, on the back of highest ADS (average daily sales) in KFC and 30% same store sales growth (SSSG) in PH (Pizza Hut). It added net 70 new...
LT Foods: June ’22 Results Update
Moneylife Digital Team 16 August 2022
LT Foods (LT) declared mixed results in Q1FY22-23 with revenue rising 32.8% year-on-year (y-o-y) to Rs1,611 crore. Operating profit was up by 27.7% to Rs166 crore and net profit went up by 23.28% y-o-y. Its profit margins recovered...
SJS Enterprises: June ’22 Results Update
Moneylife Digital Team 16 August 2022
In Q1FY22-23, SJS Enterprises’ (SJS’s) revenue was up by 39% y-o-y (year-on-year) to Rs103 crore. A majority of the sales were contributed by 2W (two-wheeler) as well as 4W (passenger vehicles—PVs). It outperformed the industry...
Tarsons Products: June ’22 Results Update
Moneylife Digital Team 16 August 2022
Tarsons Products (Tarsons) reported flat numbers in the June 2022 quarter. This was on the back of seasonality factor—June being a weak quarter. Additionally, Q1FY21-22 had revenue from COVID-19 products in the wake of the second...
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