Progressive Numbers Despite Macros Not Supporting: A combination of favourable product mix and lower raw material prices aided Relaxo to post good numbers in Q3FY20.
Consumption Slowdown Impacts Growth: The core textile business continues to be impacted by the low consumption withbranded textiles posting muted topline growth despite price hikes and the channelsales in the apparel division witnessed significant discounting.
Push in Protection Product Segment and Reduction in Saving Mix is the New Formula to Drive Growth: Value of new Business APE is increased by 60.5 percent in Q3FY20.
Push to Participatory New Business Premium and Annuity Protection Products are New Innovation Frontiers:Value of new business APE is increased by 31 percent in Q3FY20.