Dabur India Limited
Unlike all other FMCG counter, DABUR is still consolidating in a range on the daily chart while holding firmly above its multiple moving averages. We believe the consolidation will be over soon and traders should use this pause to accumulate fresh in the given range.
20/06/2017 12:27:55 PM
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We recently conducted channel checks to understand the demand scenario for sanitary napkins and how it could impact Whisper (PGHH brand). The opinion is that while there are near-term growth challenges in sanitary napkin category given low rural demand, long-term potential still remains intact. Our checks reaffirmed that PGHH (and all P&G companies likewise) are continuing to focus on profi
Future looks promising; Retain ACCUMULATE
* Strong quarter on all front: Revenue grew by 6.4% yoy to Rs82.1bn, EBITDA grew by 12.1% yoy to Rs16.5bn while APAT grew 11.2% yoy to Rs11.1bn
* Volume growth at 4% led by refilling trade pipeline (100-150bps) and healthy growth across segment. Premiumisation trend has been strong across categories l
* Stock moved up by 10% in one month; provides limited upside:
Hindustan Unilever (HUL)’s stock price moved up by 10% in last one month post its strong performance in Q4FY2017 and in expectation of a better performance in FY2018. The stock is currently trading at ~40x its FY2019E earnings wh
HUL has delivered a strong set of financials in 4QFY17. Further, management commentary indicates confidence in improving industry scenario (normalisation following demonetization, and rising consumer confidence). The company's margin has surprised positively, and management comments indicate that the drivers are sustainable. We build in 17% CAGR in FY17-FY19E EPS, and value the stock at 40X
DABUR has witnessed surge in prices on short covering along with some delivery based buying in previous trading session. On charts, it has been trading in a congestion zone for last few weeks. At current juncture, it is trading on verge of upside breakout from the azone. We recommend buying Dabur June futures as per le
FMCG products will see a decline in volume in the short term with channel partners of companies keeping less stock in view of GST, which is set for July 1 launch, according to Britannia Industries.
The company, however, said that with tax rates for the overall biscuit category being largely neutral, GST would provide a level-playing field to organised players in the industry. "Th
Colgate Palmolive (India) Limited
COLPAL has been trading near to its record high on daily chart and holding strongly above its major moving averages. Further, the chart pattern looks upbeat from hereon and likely to maintain the prevailing uptrend. We suggest traders to initiate long trades in the given range.
12/06/2017 1:33:49 PM
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Colgate reported in-line revenues and gross margins for the quarter; however, advertising expenses came in significantly ahead of expectations (+24% y/y). The results indicate that the company is making a big push, amid less favourable circumstance, to drive volumes and market share. Colgate's pricing actions indicate that the company is likely willing to sacrifice margins to tide over the