ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research Amid de-stocking ahead of GST implementation and a tepid demand environment, total revenues (including auxiliary income) declined only 1.3% YoY to | 1045.9 crore (I-direct estimate: | 977.0 crore). Though revenues were impacted by disruption in CSD & wholesale channels, GSK's initiatives like rolling out of various schemes, extended credit period and compensation for tax difference helped restricted any fall in volumes. Volumes remained flat for the quarter...
More from GlaxoSmithKline Consumer Healthcare Ltd.
Recommended