Consensus estimates are too bullish on market share gains, CLSA added. The global investment bank sees market share gain to be difficult, given an increase in the competition.
The company has also informed the exchanges about changing the financial year from “1st January – 31st December” cycle to “1st April – 31st March”
Our guidance to the community is we should be in the range of 14.6% to 16% on a reported basis which on a like-to-like basis
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