Varun Beverages: Thirst for Growth
Varun Beverages (Varun) produces and distributes carbonated beverages, such as Pepsi Cola, Mountain Dew, Mirinda and 7Up, etc (70.6% of revenues), Pepsi Co Ltd bottled drinking water (22.7%) and non-carbonated drinks, such as fruit pulp drinks, milk-based drinks and energy drinks (6.7%) for Pepsi Co Ltd.
 
Varun has been associated with PepsiCo since 1991 and has become the...
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  • Nifty, Sensex weakening again – Monday closing report
    The major indices ended with minor losses. On the NSE, there were 888 advances, 915 declines and 338 unchanged. The trends of the major indices in the course of Monday’s trading are given in the table below:
     
     
    Wockhardt has reported a consolidated profit of Rs48.3 crore for the quarter ended March 2020, against loss of Rs14.47 crore in the same period last year. Revenues declined 20.2% year-on-year to Rs 686.93 crore.
     
    HDFC Asset Management Company reported profit of Rs250 crore for March 2020 quarter against profit of Rs276 crore in March 2019. Revenues fell 2.1% YoY to Rs 476 crore due to low AUM growth, fall in equity oriented assets as well as less fee income on PMS.
     
    ICICI Bank reported a 6.92% YoY growth in net profits for the March 2020 quarter to Rs1,251.32 crore. Net interest income grew 9.07% YoY to Rs40,121.48 crore.
     
    Godrej Properties reported YoY fall of 35.48% in net profits to Rs101.08 crore for the quarter ended 31 March 2020. Revenues grew 7.06% YoY to Rs1,288.17 crore.
     
    Hero MotoCorp announced that it has sold 10,000 units since resuming operations at its retail points. This is just 30% of the company's total domestic retail sales.
     
    SBI General Insurance reported a 23% YoY rise in its net profit to Rs 412 crore for March 2020 quarter. Gross written premium stood at Rs 6,840 crore in FY20 compared to Rs 4,717 crore in the previous fiscal.
     
    Adani Transmission reported 35.72% YoY fall in net profits to Rs94.30 crore for the March 2020 quarter. Revenues grew 29.13% YoY to Rs3,317.51 crore.
     
    The top gainers and top losers of the major indices are given in the table below:
     
     
    The closing values of the major Asian indices are given in the table below:
     
  • User 

    Matrimony.com: No Growth in a Growth Market
    Matrimony.com Ltd (Matrimony) offers a platform for online matchmaking and marriage services; it is one of the first companies to provide such services in India. It has a database of 4.38 million active profiles (published or logged in at least once during the past six months) now. The platform offers targeted and customised matches to meet the requirements of customers, based on their...
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