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“Operating performance was better than our estimates

canada goose outlet http://www.canadagoosejacketsoutsale.com canada goose Its revenue increased 23.3 percent year on year to Rs 1,676.4 crore, impacted by lockdown in the last 10 days of March.Revenue growth lagged volume growth on higher salience of packaged water, characterised by lower realisations. Consolidated volume grew 26.7 percent aided by the acquisition of PepsiCo’s South and West territories and healthy performance in international geographies (7 percent volume growth).On the operating front, its earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 24.2 percent year on year to Rs 271.15 crore in the quarter ended March 2020.”Operating performance was better than our estimates as weak domestic organic volume growth was offset by healthy contribution from newly acquired territories and resilient International business,” said JM Financial.EBITDA margin was flattish as sharp gross profit margin gains (up 281bps) on lower commodity prices was negated by adverse operating leverage (SG grew 32 percent).The management withdrew its volume guidance for the year on demand uncertainties amidst the pandemic but was confident of maintaining operating margin, said JM Financial.Benign raw material prices and reduction in trade/marketing spends would help negate the adverse impact from lower throughput, it said.Net debt was largely maintained at Rs 3,200 3,300 crore sequentially and the management expects near term debt maturities (Rs 450 crore) to be financed by operating cash flows. It also has unutilised credit lines of Rs 480 crore.”This coupled with improved revenue trajectory post relaxation of lockdown recently should help navigate any liquidity related challenges in the near term.

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canada goose black friday sale Jun 28, 2020 08:35 AM IST Ladakh stand off: Zomato employees burn company T shirts in protest During the protest, some of them claimed that they had quit their job as Zomato has a sizeable Chinese investment and urged people to stop ordering food via the company.Jun 26, 2020 07:51 PM IST In Depth Growing chorus against Chinese products and India’s reluctance to restrict imports Why the ongoing India China border dispute should remain at the border and not lead to a trade war. Here is all you need to know:Jun 24, 2020 11:36 AM IST Not just firing, Indian startups are hiring too With long term goals on mind, companies are looking for specialists to build technology, products and analyse data.Jun 19, 2020 01:32 PM IST Exclusive Zomato parts ways with company it roped in to deliver food through drones Online food delivery company Zomato ends arrangement with TechEagle; says it will still go ahead with drone plansJun 16, 2020 12:59 PM IST Safety kits, bi weekly payments in Swiggy’s ‘package’ for restaurants As the food and beverages industry resumes business, Swiggy hopes to get restaurants online faster with its ‘Jumpstart Package’.Jun 15, 2020 05:31 PM IST Jolted by virus, Indian startups finally get down to making money As pressure mounts and investors tighten purse strings, startups cut costs, streamline businesses with a singular aim of making profits.Jun 12, 2020 03:15 PM IST Marriott International enters into pact with Zomato to expand home delivery service The partnership will start with close to 30 hotels in cities Bengaluru, Gurugram, Delhi, Pune, Chandigarh, Mumbai, Hyderabad, Ahmedabad, Raipur, Chennai, Kochi and Surat, Marriott International said.Jun 10, 2020 03:22 PM IST ESOPs were once the rage in startups. Not anymore As companies look to conserve cash, ESOPs should come into play but they find few takers among employees as well as founders.May 29, 2020 04:12 PM IST Exclusive Swiggy suspends meal for one offering POP as virus hurts business The company says its channelling resources to meet the growing demand for essential supplies.May 27, 2020 01:42 PM IST EXCLUSIVE Swiggy’s latest offering: Supplies on credit for partner restaurants Swiggy Staples Plus, which is being tested, will offer the credit option to restaurants that get their supplies through Swiggy Plus.May 26, 2020 03:40 PM IST Now, Swiggy launches liquor delivery in Odisha Goes live in Bhubaneswar, Rourkela; Zomato, too, has launched in the state capital.May 26, 2020 12:19 PM IST Zomato starts home delivery of alcohol in Odisha, Swiggy to follow suit After Jharkhand, Odisha is the second state to give the nod, more states could open up as well.May 25, 2020 08:40 AM IST Zomato elevates Mohit Gupta as fourth founder This development comes while Zomato is in the middle of a downsizing operation and is looking to ensure steady revenue in the middle of a pandemicMay 22, 2020 08:25 PM IST Mumbaikars may soon get to order alcohol on Zomato and Swiggy However, industry sources have pointed out that only BMC’s nod is not enough and clearances from multiple government departments are also needed.May 22, 2020 02:15 PM IST Exclusive I Competition regulator launches probe into Zomato Uber Eats deal CCI examiningif Zomato’s acquisitionof Uber Eats India is anti competitive and whether the two companies should have notified it about the transaction canada goose black friday sale.

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