The Nifty FMCG Index plunged nearly 3%, its steepest single-day drop in 28 months after HUL’s second-quarter results missed expectations, disappointing investors. Analysts anticipate continued margin pressure for consumer companies in the near term due to rising raw material costs and weak urban demand.
Shriram Finance Q2 Results: Net profit jumps 18% to Rs 2,071 crore; Rs 22 per share dividend declared
Shriram Finance Q2 Results: Shriram Finance on Friday reported a profit after tax (PAT) growth of 18.3% at Rs 2,071.26 crores as against Rs 1,750.84