TheAdanigrouphas incorporated an aircraft owning andleasingcompany in Gujarat’s GIFT City, marking its entry into thisbusinessaftertwo of the country’s leading airlines – IndiGo and Air India – formed subsidiaries for the same. UdanvatLeasingIFSC was incorporated on October 23 byAdaniPorts and Special Economic Zone with an authorised and paid-up share capital of `2.5 crore divided into 2.5 …
Our Consumer Durables coverage universe posted a top-line beat versus our estimates, which on a 3Y-CAGR-basis stood at 7.9% (ex-Dixon/Amber). Profitability remained challenging – Ebitda margins dipped 180bp below our estimate, albeit flat y-o-y, owing to high-cost inventory, limited pricing action and higher ad-spends during the quarter. In our view, with commodity costs easing, margins …