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Cement cos feel GST-led price drop, Q3 profits may slip

Economic Times

Economic Times · 4d ago

Cement cos feel GST-led price drop, Q3 profits may slip

Cement companies are anticipated to face weaker earnings in the December 2025 quarter. A GST revision led to a reduction in cement prices by about 3% pan-India, with southern and eastern regions experiencing the steepest declines. Despite the lower GST rates, prices remained weak, compounded by increased raw material costs. Analysts predict a decrease in average EBITDA per tonne for the industry, potentially affecting profits, with Shree Cement expected to perform relatively well.

Related News

Lower GST may heat up demand for packaged foods, daily essentials

Economic Times

Economic Times · 5m ago

Lower GST may heat up demand for packaged foods, daily essentials

The government's proposal to lower GST rates aims to boost demand in categories like packaged foods, daily essentials, and electronics such as air conditioners and televisions. Companies anticipate an 8-10% price drop for ACs and large-screen TVs. Conversely, luxury goods could see a 10% price hike due to higher GST rates. The lower slabs may revive consumer sentiment, especially after declining sales and inflation. NielsenIQ notes potential demand recovery in urban and smaller towns.

Ola Electric shares slip 3% amid regulatory scrutiny over 'BOSS' sale discounts

Economic Times

Economic Times · 1y ago

Ola Electric shares slip 3% amid regulatory scrutiny over 'BOSS' sale discounts

Ola Electric Mobility, an electric vehicle manufacturer, has faced a 3% drop in its stock as it undergoes regulatory scrutiny from the Automotive Research Association of India (ARAI). The ARAI has raised concerns about Ola Electric's failure to inform them of a price reduction for its S1 X 2 kilowatt-hour model before launching its "BOSS" sale. This oversight may affect the model's eligibility for government subsidies and impact Ola Electric's position in the competitive EV market. Shares of Ola Electric have declined by 21.4% in the last month and 12% in the last 2 weeks.

Muted Q3 pricing, volume strength to anchor cement sector outlook: Jyoti Gupta

Economic Times

Economic Times · 11d ago

Muted Q3 pricing, volume strength to anchor cement sector outlook: Jyoti Gupta

The cement sector, led by Jyoti Gupta from Nirmal Bang, experienced muted pricing in Q3 due to capacity additions and cost pressures, but strong demand and rising volumes offer structural support. Gupta highlights Ambuja Cement, Ramco Cement, and Nuvoco as top picks in different market caps. Despite current volatility, the sector benefits from robust construction activities and is expected to see improved pricing and profitability due to consolidation and increased efficiency among top producers, like UltraTech.

Tracxn profit drops 36% in Q3 FY25 amid flat revenue

Entrackr

Entrackr · 11m ago

Tracxn profit drops 36% in Q3 FY25 amid flat revenue

Fintrackr Tracxn profit drops 36% in Q3 FY25 amid flat revenue The stagnant revenue and a nearly 10% increase in overall costs caused Tracxn's profits to drop significantly by 36%, falling to Rs 1.41 crore in Q3 FY25 from Rs 2.21 crore in Q3 FY24. Data and research platform Tracxn faced challenges in the last quarter as its revenue remained stagnant, while its profit declined by 36% in the quarter ending December 2024. Tracxn's revenue from operations stayed flat at Rs 21.39 crore in Q3 FY25, compared to Rs 21.14 crore in Q3 FY24, its unaudited financial statements sourced from the National Stock Exchange (NSE) show. Tracxn generated its entire operating revenue from subscription sales, offering access to its data and software. However, the Bengaluru-based firm did not provide a detailed revenue breakdown for the quarter. The company also made Rs 1.5 crore from non-operating sources which took Tracxn’s total revenue to Rs 22.89 crore in the last quarter. Employee benefits remained the largest cost center for Tracxn, accounting for 89% of its total expenditure. These expenses increased by 10% year-on-year, rising to Rs 18.63 crore in Q3 FY25 from Rs 17 crore in Q3 FY24. Overall, Tracxn's total costs grew by approximately 9%, reaching Rs 20.98 crore in Q3 FY25. The stagnant revenue and a nearly 10% increase in overall costs caused Tracxn's profits to drop significantly by 36%, falling to Rs 1.42 crore in Q3 FY25 from Rs 2.22 crore in Q3 FY24. Founded by Abhishek Goyal and Neha Singh, Tracxn specializes in tracking startups and private companies across diverse sectors. Backed by prominent investors like Accel Partners, Peak XV Partners, and Elevation Capital, Tracxn serves subscribers in over 40 countries. As of the last trading session, Tracxn’s share price was Rs 69.5, giving the company a market cap of Rs 737.19 crore (around $85 million).

Soaps, powder, coffee, diapers, biscuits, ghee, oil to be cheaper as cos extend GST 2.0 benefits

Economic Times

Economic Times · 3m ago

Soaps, powder, coffee, diapers, biscuits, ghee, oil to be cheaper as cos extend GST 2.0 benefits

Leading FMCG companies have announced price cuts on various daily essentials and food products as part of the revised GST 2.0 structure. The move aims to boost consumer consumption and sales during upcoming festivals. Companies like Dabur, ITC, Procter & Gamble, Amul, HUL, and others have reduced prices on products like juices, ghee, toothpaste, shampoos, and more. The GST 2.0 adjustment shifts many products to a lower tax slab, encouraging broader market participation and potentially enhancing revenue over time.

Infosys expected to report weak Q3 earnings with drop in revenue, margins

Livemint

Livemint · 2y ago

Infosys expected to report weak Q3 earnings with drop in revenue, margins

Infosys is expected to announce weak Q3 results, with a sequential drop in revenues and margins. The overall Indian IT sector is also expected to report subdued earnings for the quarter due to weak demand. However, better utilization, lower sub-con expenses, and INR depreciation may help offset some of the challenges for Infosys. The company's Q3 revenue in USD terms is predicted to decline, while net profit is expected to drop slightly. Analysts anticipate Infosys to maintain its guidance for FY24 growth.

Upskilling cos tailor courses as H-1B fee hike upends plans - The Economic Times

Economic Times

Economic Times · 3m ago

Upskilling cos tailor courses as H-1B fee hike upends plans - The Economic Times

The sharp rise in H-1B visa fees is prompting students and professionals to reconsider their study choices, universities, and careers. Non-STEM course enrolments may drop, while STEM subjects could see increased demand. Students are now more focused on the return on investment for studying in the US.

GST 2.0: Personal care, electronics and hybrid cars could see up to 10-point tax reduction

Economic Times

Economic Times · 4m ago

GST 2.0: Personal care, electronics and hybrid cars could see up to 10-point tax reduction

Prime Minister Narendra Modi plans to cut the Goods and Services Tax (GST) on around 175 products, including personal care items, consumer electronics, and hybrid cars. The GST on items like shampoos, toothpaste, and talcum powder could drop from 18% to 5%, while electronics and hybrid cars may see a reduction from 28% to 18%. The proposed cuts aim to boost sales, especially during the festive season, and will be finalized by the GST council.

Zomato posts Rs 5,405 Cr revenue and Rs 59 Cr profit in Q3 FY25

Entrackr

Entrackr · 12m ago

Zomato posts Rs 5,405 Cr revenue and Rs 59 Cr profit in Q3 FY25

Zomato posts Rs 5,405 Cr revenue and Rs 59 Cr profit in Q3 FY25 Zomato’s revenue from operations surged 64.4% to Rs 5,405 crore in Q3 FY25 in contrast to Rs 3,288 crore in Q3 FY24. The results showcase a decent growth in scale while the year-on-year (YoY) profits declined 57% during the period. Zomato’s revenue from operations surged 64.4% to Rs 5,405 crore in Q3 FY25 in contrast to Rs 3,288 crore in Q3 FY24, as per the firm’s consolidated financial results sourced from the National Stock Exchange. Compared to the previous quarter (Q2 FY25) year, its operating revenue went up by 12.6% from Rs 4,799 crore. Zomato operates several units including a food marketplace platform connecting end users, restaurants, and delivery personnel. Hyperpure provides farm-to-fork supplies to restaurants and businesses while Blinkit offers kirana, FMCG, and other essentials within 10 minutes. The firm made 38.3% of its total operating revenue (Rs 2,072 crore) via the food ordering and delivery business. Collections from its Hyperpure supplies (B2B business) increased 13.4% to Rs 1,671 crore during the same period while the quick commerce vertical (Blinkit) contributed Rs 1,399 crore to the group’s coffers. The remaining income came from the ‘Going-out’ segment and other operating activities during the quarter ending December 2024. Blinkit’s revenue ramped up over 117% YoY from Rs 644 crore generated in Q3 FY24. Zomato also earned Rs 252 crore as non-operating income (mainly from interest and gains on financial assets) in Q3 FY25. As a result, its overall revenue reached Rs 5,657 crore during the period. Coming to expenses, delivery and related charges accounted for 26% in Q3 which registered at Rs 1,450 crore. The purchase of stock (after adjustment of changes in inventories) inclined to Rs 1,500 crore, while employee benefits cost was at Rs 689 crore during the quarter. Zomato also spent Rs 521 crore on and promotions, akin to which its total expenditure rose 63.6% YoY to Rs 5,533 crore in Q3 of FY25. Zomato’s profits slipped 57.2% YoY to Rs 59 crore in Q3. In the previous quarter (Q2 FY25), it booked Rs 176 crore in profits. On a unit level, the company spent Rs 1.02 to earn a rupee in Q3 of FY25. For the nine-month ended period (Apr-Dec 2025), Zomato recorded Rs 14,410 crore revenue from operations with a profit of Rs 488 crore. In December 2024, Zomato achieved a historic milestone by becoming the first Indian startup to join the Bombay Stock Exchange (BSE) Sensex 30, replacing JSW Steel Limited. In the race for instant food delivery, a few days back, Zomato re-introduced a 15-minute food delivery service in select cities. The company also received a GST demand notice amounting to Rs 803 crore from the Thane Commissionerate in Maharashtra, related to the non-payment of GST on delivery charges, including interest and penalties. In the first week of January, Zomato was trading above Rs 250 when its foreign brokerage Jefferies downgraded Zomato from “buy” to “hold” rating, citing competition in the quick commerce space. Following the rating, its price tumbled down under Rs 230, however, on the back of strong YoY growth, the company is regaining momentum as its price is at Rs 239.9 with a market cap of Rs 2,10,336 crore or $24.3 Bn. In December 2024, Zomato achieved its all-time high price at Rs 304.5 a share.

FMCG firms worry over high inflation, squeezing urban market; hint price hike

YourStory

YourStory · 1y ago

FMCG firms worry over high inflation, squeezing urban market; hint price hike

Leading FMCG companies experienced a decline in margins in Q3 due to higher input costs and food inflation, which affected urban consumption. Rising commodity prices, such as palm oil, coffee, and cocoa, have led some companies to consider price hikes. Rural markets have continued to grow, and premium products and quick-commerce channels have shown positive performance. Companies like GCPL, Dabur India, and Nestle India have reported decreased profits and expressed concerns over the challenging demand environment. Overall, urban areas have been more impacted by food inflation and weakened consumer spending compared to rural areas.

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