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Minda Corporation
hosted a conference call on Nov 2, 2023. In the conference call, the company
was represented by, Mr. Aakash Minda, Executive Director (Finance &
Strategy), Ms. Pushpa Mani, Lead Investor Relations, and Mr. Vinod Raheja-
Group CFO.
Key takeaways of the call
Q2 FY24 saw
uptick in demand across most segments, mainly driven by improved consumer
sentiments, rising share of business with key customers and increased demand on
the back of festive season. However, Exports continues to be subdued due to
geo-political issues in key geographies.
On the Domestic
front, in Q2 FY24 Industry grew by 0.2% YoY while company grew by 7.1% on the
back of robust domestic demand and premiumisation.
Semiconductor
supplies continued to ease specially on the back of effective supplier
management. Company expect gradual improvement to continue in coming quarters.
...
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