Profit growth has been underpinned by high gains in absolute revenue despite contracted Ebitda margin on account of volatile raw material prices, which have now started to soften, pointing to further margin expansion should the declining trend in input costs holds.
Pune’s onion prices have surged by approximately 20% in the last two weeks due to crop damage from heavy rains, leading to reduced market arrivals.
Private equity firm True North and Niva Bupa Health Insurance chief Krishnan Ramachandran divested a combined 10 per cent stake in the health insurer for
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