A Closer Look
The Indian corporate sector is gearing up for a busy day as several companies across various industries are set to release their financial results for the fourth quarter (Q4) and full year (FY24) on May 6th, 2024. Investors are eagerly awaiting these results, as they will provide insights into the companies' performance and future prospects.
Among the companies releasing their results today are Marico, Lupin, CarTrade Tech, Gujarat Gas, Godrej Consumer Products, Indian Bank, CG Power and Industrial Solutions, DCM Shriram, Happiest Minds Technologies, and Route Mobile. These companies represent a diverse range of sectors, including pharmaceuticals, FMCG, technology, and infrastructure.
Analysts are expecting a significant surge in Lupin's net profit for the quarter ended March 2024, with a projected 109% year-on-year (Y-o-Y) increase to reach Rs 546.4 crore. Marico, on the other hand, is anticipated to see moderate revenue growth of 1.3% Y-o-Y and a 6.3% quarter-on-quarter (Q-o-Q) rise. Godrej Consumer Products' domestic business is expected to experience a 5% to 3.5% volume/value growth, driven by strong performance in home insecticides and personal wash categories.
Overall, the Q4 results are expected to provide a mixed picture of the Indian corporate landscape. While some companies are likely to report strong growth, others may face challenges due to factors such as global economic slowdown and rising input costs. Investors will be closely watching the results to assess the impact of these factors on individual companies and the broader market.