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Companies Report

Godrej Consumer Q1 results knocked down by GST and Indonesia

Indonesia is proving to be a problem for Godrej Consumer Products Ltd. Once one of its best performing overseas businesses, FY17 saw growth slow as the country’s economy is going through a difficult phase, affecting consumer spending.

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Marico Q1 net profit falls 11.9% to Rs236 crore on GST-led de-stocking

Edible oil maker Marico Ltd on Tuesday reported an 11.9% decline year-on-year in net profit for the first quarter as wholesale, rural, and Canteen Stores Department (CSD) channels de-stocked in the weeks before implementation of the goods and services tax (GST) on 1 July, affecting sales volumes.

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JSW Steel Q1 profit falls 44% to Rs626 crore, beats estimates

India’s biggest steel producer, JSW Steel Ltd, said on Tuesday net profit fell 44% in the quarter ended June, but outperformed analysts’ estimates,

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HCL Technologies repays investors’ faith with stable margins

HCL Technologies Ltd’s June quarter results support the faith investors have reposed in it lately. Revenues rose 2.6% sequentially, as expected, and more importantly, margins were stable despite the appreciation in the rupee.

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