Tata Motors swung to a profit in the quarter at the consolidated level, driven by the stellar show of both Indian operations and JLR.What impressed analysts particularly was the margin performance of Tata Motors, which continued to beat consensus expectations, and JLR’s decision to upgrade the profitability guidance for FY24.
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To be sure, Infosys, HCLTech and Wipro have slashed their revenue guidance for the upcoming quarter and full fiscal amid a freeze on tech spends and delay in decision making.
To be sure, Infosys, HCLTech and Wipro have slashed their revenue guidance for the upcoming quarter and full fiscal amid a freeze on tech spends and delay in decision making. The FMCG industry, often faced with competition and maturity in key micro-markets and product categories, often has to harness the profitability lever to ride out business cycles that often cause volume growth to stagnate.