P&G Hygiene and Healthcare (PGHH) delivered sales growth of 10% in 4QFY24 (FY ending June), in line with our expectation. This growth was led by product-price mix, premiumization, and growth in the feminine hygiene category.

Tata Motors DVR” or “A” shares will be converted into ordinary shares and will stop trading from Sep 2nd 2024.
Tata Motors has set the conversion ratio at 10:7, the conversion will lead to a reduction in share capital by 4%.

Anupam Rasayan’s revenue missed our estimate due to weak demand in Agrochemical segment. EBITDA missed our estimate due to higher operating expenses.

Krsnaa Diagnostics Limited’s (KDL’s) business growth remained healthy on a y-o-y basis. That said, the growth was lower than expectations.

In Q1FY25, UNO Minda reported an operating revenue of INR 38,175 Mn, a growth of 23.4% YoY/ (+0.7% QoQ), largely in line with our estimate (+1.3%).
Q1FY25 EBITDA was INR 4,077 Mn, up 23.5% YoY/ (-14.0% QoQ), missed our estimates, primarily due to higher than estimated other expenses and employee cost.

For Q1FY25, DEVYANI’s revenue was INR 12,219 Mn, a growth of 44.3% YoY (+16.7% QoQ), which outperformed our estimates.
EBITDA for the quarter was INR 2,234 Mn, which grew by 28.8% YoY (+29.4% QoQ).