Hero MotoCorp is slated to release its earnings for the December quarter later today, and the countrys largest two-wheeler maker is expected to put up a robust show across key parameters. The automaker is likely to report a healthy double-digit growth in earnings on the back of robust sales volumes and higher realisations.
NielsenIQ forecasts a slowdown in the FMCG sector s value growth. Nestle India reports a 4.4% YoY rise in net profit for the December quarter, driven by pricing and strong momentum in ecommerce and out-of-home channels.
Hero Moto Q3 Results: Revenue from operations grew 21% YoY in the quarter to INR 9,724 crore and was higher than an ETnow poll of INR 9,690 crore. The board has recommended an interim dividend of INR 75 a share for the current financial year, and a special dividend of INR 25 a share to mark the centennial year of Chairman Emeritus Brijmohan Lall Munjal.
Bargain-hunting and value-buying is likely as investors will be selective after the record rally in recent months, Prashanth Tapse of Mehta Equities Ltd has said