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Alicon
Castalloy hosted a conference call on Nov 16, 2024. In the conference call, the
company was represented by: Mr. Vimal Gupta – Group CFO, Mr. Shyam Agarwal –
General Manager (Marketing) and Mr. Rajiv Gupta – Head of Domestic Business.
Key takeaways of the call
The Indian Auto
Industry reported a healthy performance with 9% volume growth, driven by the 2W
segment.
The company reported
strong revenue growth in Q2 FY25 driven by supply of new parts from recent
order wins as well as scale up of volumes from domestic two-wheeler customers.
Auto volumes
would have been better in Q2 FY25 but the Shraddh period negatively affected
sales, resulting in a YoY decline across various categories, with discounts and
offers introduced to boost demand yet to show significant impact. This resulted
in a weak performance in the month of September 2024.
In In...
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