December quarter earnings show receding negative surprises so far

Jan 31 2013, 07:57 IST
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SummaryImprovement in line with broader expectations of earnings downgrades bottoming out.

of 14% in its order book. The net profit of auto giant Maruti Suzuki more than doubled to R501 crore compared to last year, its first increase in earnings after 18 quarters.

On the other hand, Hindustan Unilever, the defensive large cap that beat the market in the last two years, reported lower-than-expected y-o-y volume growth of 5% in the three months to December. The company’s decision to increase the royalty payment to its parent, Unilever, to 3.15% of sales by fiscal 2018 initiated a dozen analyst downgrades.

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