Latest Tax Strike On Aam Aadmi's Budget

Net sales rose 12.2% to Rs 1,691.57 crore from Rs 1,507.24 crore a year earlier. The company said net profit grew 5.5% year-on-year after excluding one-offs and exceptional items, including the impact of an inverted duty structure-related charge following GST changes.

On the flipside, the brokerage assessed that a pullback in commodity prices could mean big gains for players like Britannia and GCPL, without structurally altering growth or margin profiles.

Nestle has delivered superior growth over the last four quarters following GST 2.0, and it expects growth momentum to moderate on account of a high base, rising food inflation, and limited room for Ebitda margin expansion, which is already at 24%, highlights the brokerage.

Weak monsoon, costlier inputs and a high base from last year’s GST cuts worry investors, but Goldman Sachs says Marico and Tata Consumer face the lowest risk of an earnings slowdown

Although gold prices may be high, you are likely to receive lesser value for your jewellery as making charges, GST, etc are not refunded.