Buy Colgate Palmolive Ltd For Target Rs.1,109.00 - Reliance Sec

Wholesale De-stocking & Higher A&P Spend Impact Growth

Colgate-Palmolive has delivered a subdued performance in 4QFY17 with its revenues growing by 2.5% YoY to Rs10.3bn, while net profit remained largely flat at Rs1.4bn. Its overall quarterly volume fell by 3% YoY due to weakness in wholesale trade post demonetisation. Growth in net profit was

25/05/2017 1:44:37 PM | Posted in Broking Firm Views - Long Term Report read full news
Hold Godrej Consumer Products Ltd For Taeget Rs.1,985.00 - Sharekhan

Key points

* Revenue grows in double digits; OPM improves on YoY basis:

For Q4FY2017, Godrej Consumer Products’ (GCPL) revenue grew by ~13% YoY to Rs2,480.2 crore. The doubledigit revenue growth can be attributed to a 10% YoY expansion in the domestic business (driven by a 5% YoY volume growth and a 5% YoY price-led g

24/05/2017 1:48:55 PM | Posted in Broking Firm Views - Long Term Report read full news
Hold Marico Ltd For Target Rs.300.00 - Emkay

Resilient show but rich valuation; Downgrade to HOLD

* Revenue inline but margins ahead of expectation. Consolidated revenues at Rs 13.2bn, up 2.4% yoy; with overall volume growth at 6% yoy; International business reported 5% CC decline.

* Domestic volumes grew by 10% yoy on back of a 15% volume growth in Parachute rigid and 10% volume growth

23/05/2017 1:57:01 PM | Posted in Broking Firm Views - Long Term Report read full news
Buy Emami Ltd For Taeget Rs.1,245.00 - Sharekhan

Key points

* Subdued Q4FY2017 affected by weak wholesale sales and dismal international performance:

Emami’s Q4FY2017 revenues declined by 4% YoY to Rs577.6 crore, largely affected by a 38% YoY drop in the international business revenues, while the domestic business revenues grew by 3% YoY (sales volume down by 1.5% Yo

22/05/2017 2:21:40 PM | Posted in Broking Firm Views - Long Term Report read full news
Six months reqd for stability post GST, benefits in 3-yrs: Crisil

Crisil today said it will take six months for industrial stabilisation after GST is introduced but gains of the biggest indirect tax reform will take up to 3 years to materialise, reported PTI.

"Industry stabilisation, under the new tax regime, will take a couple of quarters. However, the benefits of GST on business practises and company strategies will be seen only in the medium

Equity markets close flat; banks, FMCG stocks gain

Sensex edged up on Friday after touching a record high, its fourth peak in five sessions, as profit-booking pared overall gains led by consumer stocks that rallied after rates for goods and services under a new tax were finalised.

The benchmark BSE Sensex closed up 0.10 percent at 30,464.92 after rising as much as 0.91 percent earlier in the session to its highest ever, while the broa

Hindustan Unilever shares up on GST boost

Shares of Hindustan Unilever rose over 1 per cent on the Bombay Stock Exchange (BSE) after the GST Council finalized tax rates for bulk of the items except 6 categories. Items such as cereals, which were taxed earlier at 5 per cent, will now be zero-rated. Coffee, sugar, tea and edible oil will attract a lower GST rate of 5 per cent.

Capital goods, a key asset for the manufacturing se

Buy ITC Ltd For Target Rs.288.00 - Religare Sec

ITC Limited

ITC has been consolidating in a narrow range for last two months and currently hovering around lower band of its range, offering an opportunity to the traders for fresh longs

 

19/05/2017 9:30:51 AM | Posted in Broking Firm Views - Short Term Report read full news
HUL hits 52-week high ahead of Q4

Shares of Hindustan Unilever Limited (HUL) rose over 0.6 per cent, hitting 52-week high, on the Bombay stock Exchange ahead of the fourth quarter earnings report due later today.

According to analysts, improved volume growth post demonetization and better margins may boost march quarter earnings. Ahead of Q4, shares of the company gained as much as 0.60 per cent to hit 52-week high of

Future Group joins Khimji Ramdas LLC

Future Group on Tuesday said it has joined hands with Oman business conglomerate Khimji Ramdas LLC (KR) as part of a broader plan of expanding its food and FMCG brands to the international market.

According to the statement, the memorandum of understanding (MoU) signed proposes an equal partnership with Future Group and KR to open exclusive ‘fbb' stores in the Middle Ea

Hold Godrej Consumer Products Ltd For Target Rs.1,846.00 - Reliance Sec

Resilient Performance but Valuations Pricey

Godrej Consumer Products (GCPL) has posted an impressive performance in 4QFY17 with its consolidated revenues, EBITDA and consolidated net profit growing by 11.8% YoY, 19.3% and 22% to Rs23.8bn, Rs5.4bn and Rs3.8bn, respectively. While its domestic business grew by 10% YoY, international business revenues inc

16/05/2017 12:19:28 PM | Posted in Broking Firm Views - Long Term Report read full news
Buy Emami Ltd For Target Rs.1,50.00 - Motilal Oswal

Sales and EBITDA decline as expected; International business the key drag

* Emami's (HMN) 4QFY17 consolidated sales declined 4.4% YoY (est. of -2.1%) to INR5.78b. Domestic volumes fell 1.5% YoY (est. of -4%). Domestic sales grew 3% YoY, but the international business (-38% YoY) was severely affected.

* Gross margin contracted 150bp YoY (

16/05/2017 12:06:06 PM | Posted in Broking Firm Views - Long Term Report read full news
Colgate-Palmolive India`s Q4 income up 2.32%; profit declines

Colgate-Palmolive (India) on Monday reported a rise of 2.32 per cent in its total income from operations for the fourth quarter (Q4) ended March 31. However, the net profit after tax declined marginally by 0.48 per cent.

According to the company, its total income from operations for the January-March quarter stood at Rs 1,176.71 crore -- up 2.32 per cent -- from Rs 1,150.07 crore

Colgate-Palmolive dips over 3% on disappointing Q4

Shares of Colgate-Palmolive (India) fell over 3 per cent on the Bombay stock Exchange after the oral care products maker reported a marginal decline of 0.5 per cent in its net profit at Rs 142.58 crore for the fourth quarter ended March 31, 2017, dented by increase in media investments.

Weighed down by Q4, shares of the company declined as much as 3.54 per cent to hit intra-day low of

Hold Dabur India Ltd For Target Rs280.00 - Emkay

Growth challenges persist in most of its categories; Maintain HOLD

* Domestic FMCG grew 0.1% yoy with volume growth of 2.4%. Healthy growth in Foods portfolio (+10%); however, Hair care (-4%) & Home care (-6.5%) performance was subdued. EBITDA margin healthy aided by lower media spends and employee expenditure

* International business dec

15/05/2017 1:48:10 PM | Posted in Broking Firm Views - Long Term Report read full news
Hold Marico Ltd For Target Rs.300.00 - Reliance Sec

Strong Set of Numbers; but Priced in

Marico has reported a strong set of numbers in 4QFY17 led by 10% YoY volume growth in domestic business. While its consolidated net sales grew by 2.2% YoY to Rs13.2bn, EBITDA and net profit increased by 20.1% YoY and 25.5% YoY to Rs2.5bn and Rs1.7bn, respectively.

We estimate Marico to deliver 12.3% and 15

11/05/2017 2:15:20 PM | Posted in Broking Firm Views - Long Term Report read full news
HUL hits 52-week high on positive monsoon forecast

Shares of fast moving consumer goods (FMCG) major Hindustan Unilever Limited (HUL) jumped nearly 5 per cent, hitting 52-week high, on the Bombay Stock Exchange after the India Meteorological Department (IMD) forecasted above average monsoon rainfall in 2017 which is likely to boost rural demand.

Riding high on hopes of recovery in rural demands, shares of the company gained as much as

Godrej Consumer's Q4 consolidated net profit zooms 212%

The Godrej Consumer Products on Tuesday said its consolidated net profit for the fourth quarter (Q4) ended March 31, 2017 shot up by 212.33 per cent to Rs 389.91 crore.

According to the company, its net profit for the period stood at Rs 389.91 crore from Rs 124.84 crore reported during the corresponding period of last financial year.

The total income from operations of the c

Buy Dabur India Ltd For Target Rs.330.00 - Reliance Sec

Domestic Business Recovery Underway

Dabur India has reported a decent performance in 4QFY17 amid weak consumer demand environment especially in the aftermath of demonetisation. While its consolidated sales fell by 4.7% YoY to Rs19.5bn, EBITDA and PAT remained flat at Rs4.2bn and Rs3.3bn, respectively. Though its standalone sales came in flat at Rs14.3b

9/05/2017 2:36:39 PM | Posted in Broking Firm Views - Long Term Report read full news
Avenue Supermarts falls over 3% on profit booking

Shares of Avenue Supermarts dipped over 3 per cent on the Bombay Stock Exchange amid profit booking even after the company reported a 47 per cent growth in net profit at Rs 97 crore for the quarter ended March 2017 (Q4FY17), compared to Rs 66 crore in the same quarter year ago.

Weighed down by profit booking, shares of the company declined as much as 3.54 per cent to hit intra-day low

Buy Hindustan Unilever Ltd For Target Rs.1,020.00 - Religare Sec

Hindustan Unilever Limited

* Hindustan Unilever Limited (HUL) is an Indian consumer goods company based in Mumbai, Maharashtra. It is owned by Anglo-Dutch company Unilever which owns a 67% controlling share in HUL as of March 2015 and is the holding company of HUL. HUL's products include foods, beverages, cleaning agents, personal care products and

6/05/2017 12:08:44 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy ITC Ltd For Target Rs.301.00 - Reliance Se

STOCK IN FOCUS

* ITC Closed 1.3% up in trade today at Rs281compared to 0.5% increase in benchmark Nifty.

* We expect ITC to benefit from increased clarity in GST regime as tax outgo is not expected to change substantially from the current levels.

* Increase salience of DSFT cigarettes and strong pricing power would aid growth in vol

5/05/2017 12:24:14 PM | Posted in Broking Firm Views - Short Term Report read full news
Marico Q4 net rises 25.5% at Rs 170.91 cr

Packaged consumer goods maker Marico Ltd reported a rise of 25.5 per cent in it’s consolidated net profit after tax at Rs 170.91 crore for the Jan-Mar quarter of FY 17, led by growth in domestic market.

The consolidated net profit of the FMCG firm stood at Rs 136.18 crore during the corresponding quarter of last fiscal, Marico Ltd said in a filing to the Bombay Stock Exchange. I

Growth in FMCG demand in rural areas to be double digit: Adi Godrej

Godrej Group Chairman Adi Godrej on Thursday said that the rural demand for fast moving consumer goods (FMCG) will likely to have a double digit growth with a good monsoon.

He also said the real estate demand, particularly the residential segment, will start picking from July onward and the Group will focus on affordable housing segment.

"If the monsoon is good, the agr