Premiumisation in liquor is an ongoing trend in the Indian market. Encouraged by the same, Radico’s MD Abhishek Khaitan has shared the following. Target of Rs 500 cr of revenues from it’s luxury brands in FY 26 During 9 months ended December 31, 2024, it stood at Rs 250 cr and during Q3 itself it … Read more
EMS (Electronics Manufacturing Services) is currently part of the company’s Customer Support Services division (CCS). CCS currently accounts for about 30% of TVS’s revenues and balance 70% is contributed by Products and Solutions division (PAS). EMS currently is a very small contributor to TVS’s business (details not provided). Company wants to grow EMS as big … Read more
Sona currently relies heavily on North America and Europe for 66% of its revenue. India contributes 28%. It’s current focus regions in the West (America and Europe) are plateauing and hence the Company is looking to expand into China, Japan, and South Korea. The targets are all 3 segments – electric, hybrid as well as … Read more
In an interaction with Mint, Lemon Tree’s chairperson, Patanjali G. Keswani has shared the following – He said that over the past 12 years, Lemon Tree has built more hotel rooms than any other hotel company in India. It currently operates 112 hotels, consisting of 41 owned properties with about 5,800 rooms and 71 managed … Read more
Borosil Group has three listed entities – Borosil Renewables (BRL) – solar glass Borosil (BL) – consumer glassware Borosil Scientific (BSL) – scientific and laboratory glassware In FY 24, BRL reported Rs 1,386 cr of revenues, BL Rs 928 cr and BSL Rs 390 Cr – totalling Rs 2,700 cr revenues for the group. Promoter … Read more
In a media interview, Kotak Bank’s CEO, Ashok Vaswani has communicated his target to be the 3rd largest private bank by 2030. From the interaction it was unclear whether the aspiration is on balance sheet, profits, ROE or all. As of now Kotak is the 4th largest private bank after HDFC, ICICI and Axis. In … Read more
Recently, Supreme Court had dismissed pleas by Indian telecom operators to re-compute Adjusted Gross Revenue (AGR) dues. The companies had sought corrections in the AGR calculations, a penalty reduction, and interest rate adjustments. This resulted in significant implications specifically for Vodafone Idea (VIL), whose burden has now increased to Rs 70,320 cr as of FY24. … Read more
Godrej Capital (GCL), the financial subsidiary of Godrej Industries (GIL) was started in 2020. Since then it has been providing home loans in select geographies. It is the holding entity for Godrej Housing Finance (an HFC) and Godrej Finance Limited (an NBFC). The business is ramping up nicely and GIL has now shared the following … Read more
Real estate sector in India is facing strong traction, especially the residential real estate. Almost every company is providing aggressive growth targets. Now Shriram Properties (SPL), while unveiling it’s new brand identity has provided ambitious growth targets. The Company has embarked on a mission – called, SPLNxT – towards accelerating growth, repositioning brand and enhanced … Read more