raw material costs

paint stocks: Gains for paint stocks seen capped despite oil boost

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paint stocks: Gains for paint stocks seen capped despite oil boost

Mumbai: Crude oil prices slipping to a four-month low will provide a leg-up to the earnings of paint makers in the near term, but gains in their shares could be capped as rich valuations and the impending launch of Grasim’s paint operations may weigh on investor sentiment. Crude oil prices, currently below $80 per barrel, … Read more

Patanjali Foods Q2 profit doubles as lower costs offset revenue drop

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Patanjali Foods Q2 profit doubles as lower costs offset revenue drop

BENGALURU: Patanjali Foods on Wednesday reported a second-quarter profit that more than doubled as a slump in expenses outpaced falling revenue, dragged by lower edible oil prices. The Ruchi Gold oil maker’s profit rose to 2.55 billion Indian rupees ($30.63 million) in the quarter ended Sept. 30, from 1.12 billion rupees a year earlier. A … Read more