News Overview

RBI continued to keep the inflation forecast for FY 25 at 4.5%.

The MPC remains vigilant about high food inflation, emphasizing the need for banks to mobilize household financial savings and manage structural liquidity issues.

We do not expect any rate cuts in the near future. Overall, a very balanced policy with status quo continues.

EBITDA increased by 10.2% to ₹391.1 Crore in the first quarter of this fiscal year, up from ₹355 Crore the previous year.

Radico Khaitan's total IMFL volume fell 4% in the first quarter, but the Prestige & Above category witnessed a 14.3% increase.

The RBI maintains its CPI inflation forecast for FY25 at 4.5%, with updated quarterly projections and a focus on managing food inflation to maintain monetary policy credibility.

Net income attributable to Novelis Inc's common shareholders, excluding extraordinary items, increased 32% YoY to $204 Million.

In the first quarter of this fiscal year, operating EBITDA increased by 3.5% to ₹248.30 Crore from ₹239.80 Crore in the previous year.

Interestingly, the cumulative investment of ₹10 Lakh Crore since FY18 is similar to the company's whole revenue for FY24.

In the first quarter of this fiscal, EBITDA decreased by 2.8% to ₹1,462.6 Crore compared to ₹1,504.6 Crore in the same period last year.