Incidentally, the silver lining has been the underlying volume growth at 4% – the highest in the past five quarters – aided by the spending on advertising and promotion. The company spent nearly 11% of its revenues on advertising. It took price corrections especially in fabric wash and household care products – passing on the benefit accruing from the softening of commodity prices.
Mastek shares defy weak markets, gain 3% after Staffordshire County council picks company for Oracle Cloud transformation
Mastek shares witnessed an uptick on Thursday despite weak market sentiment after its UK subsidiary was selected by Staffordshire County Council for an AI-enabled Oracle