2 percent to Rs 4,082 crore, aided by volume growth

Jarrod Croker (c), 4. Curtis Scott, 5. Nick Cotric, 6. Jack Wighton, 7. George Williams, 8. Josh Papalii, 9. Everyone maintains good hand hygiene, respiratory hygiene, everyone stays home when they unwell. No matter how mild your cold or your cough, stay home when you unwell, and please get a COVID test,” Professor Murphy said, labelling the days of “heroics” of turning up to work with a cold as over. ACT Chief Minister Andrew Barr, speaking on ABC radio on Friday afternoon, echoed Dr Murphy message.

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canada goose coats on sale First quarter (April June) earnings beat analysts’ expectations on Wednesday with consolidated profit growing 18.7 percent year on year to Rs 553 crore while revenue grew by 10.2 percent to Rs 4,082 crore, aided by volume growth.Operating profit climbed 20.9 percent to Rs 820 crore and margin expanded by 180 basis points to 20.1 percent on yearly basis, aided by lower raw material prices despite higher promotional spends.Brokerage houses are mixed on the counter as overall they waited for monsoon and 7th pay commission to reflect in earnings, though the company maintained double digit volume growth when every single consumer goods firm is grappling with slowdown issues.With retaining neutral rating as valuations remain stretched and raising target price to Rs 960 (from Rs 880 earlier), Credit Suisse increased its 2018 earnings by around 4 percent, given the clear commentary of improving volume trends and benign input costs but says the reason for pick up in volume is not clear as monsoon and pay commission are yet to play out.”What is surprising is that Asian Paints is seeing such strong volume growth despite the overall weakness in rural demand for other consumer companies and two back to back failures in the monsoons. Triggers such as good monsoons in FY17 and the pay commission impact in urban home improvements are yet to play out, and even before that demand trends have picked up to strong levels,” it explains.The brokerage believes the strong volume traction will provide downside support to the stock. Asian Paints is going ahead with Rs 600 crore capex in FY17 to keep up with the high volume growth.CLSA has retained high conviction sell on the stock, though it likes company’s growth story and raised target price to Rs 925 from Rs 900.GST implementation would be a key positive catalyst in the near term, as it should reduce the tax outgo and aid conversion from the unorganised sector, the brokerage said.Nomura feels the stock is expensive at 41.3x FY18 P/E. canada goose coats on sale

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