Hold Hindustan Unilever Ltd For Target Rs.1,220.00 - Sharekhan

Key points

* Results beat expectations, higher-thanexpected OPM surprises us positively:

In Q1FY2018, Hindustan Unilever Limited’s (HUL) revenue and PAT grew by ~5% YoY and 15% YoY, respectively, beating ours as well as street’s expectations for the quarter. Sales volume for the quarter stood flat

21/07/2017 11:52:18 AM | Posted in Broking Firm Views - Long Term Report read full news
Accumulate Hindustan Unilever Ltd For Target Rs.1,216.00 - Kotak Sec

HUL reported a strong set of results, as volume growth, as well as margins came in ahead of estimates. The company has displayed an ability to drive margin expansion and also committed to a continued improvement in margins along with a healthy topline growth. We raise our EPS estimates by 4% following the results, and believe the results shall be viewed positively by the market as a signal for

20/07/2017 12:07:24 PM | Posted in Broking Firm Views - Long Term Report read full news
Accumulate Hindustan Unilever Ltd For Target Rs.1,250.00 - Emkay

Strong improvement in margins; Retain ACCUMULATE

* Strong quarter on profitability: Revenue grew by 4.9% yoy to Rs85.3bn, led by price hikes; EBITDA grew by 14.1% yoy to Rs18.7bn while APAT grew by 14.9% yoy to Rs12.9bn.

* Volume growth was flat, impacted by thinning of trade pipeline (CSD channel worst hit). If CSD channel was normal, volume

19/07/2017 11:47:17 AM | Posted in Broking Firm Views - Long Term Report read full news
Hindustan Unilever quarterly profit rises 9 percent

Consumer goods company Hindustan Unilever Ltd reported a 9 percent rise in quarterly profit, helped by higher sales from its personal care segment.

Profit rose to 12.83 billion rupees ($199.45 million) in its first quarter ended June 30, from 11.74 billion rupees a year earlier, the maker of products ranging from the Lakmé cosmetics to Lipton tea said on Tuesday.

Anal

FMCG Sector Update Key Takeaways from FMCG companies Annual Reports - Emkay

Key Takeaways from FMCG companies’ Annual Reports

We have gone through 7 annual reports of Consumer Staples companies to get some insights into strategy, outlook for the sector and their respective business segments.

* In FY17, rural demand was sluggish in the early part of the year. Consumption started to witness some

15/07/2017 1:43:02 PM | Posted in Broking Firm Views - Sector Report read full news
Update ON Bajaj Corp Ltd - Sharekhan

Key points

* Volumes decline due to de-stocking; OPM affected by lower operating leverage:

Bajaj Corp Ltd (BCL) revenues declined by 3.6%yoy to Rs 196.8 crore due de-stocking by wholesalers and retailers prior to the implementation of GST. The decline in revenue was mainly on account of a 6.6% volume decline

15/07/2017 10:16:37 AM | Posted in Broking Firm Views - Long Term Report read full news
Buy Emami Ltd For Target Rs.1,265.00 - Motilal Oswal

Building platform for strong long-term growth

Near-term prospects look challenging due to high wholesale dependence

Key takeaways from Emami’s (HMN) FY17 annual report:

* Innovation remained the key focus area in FY17

* Took much-needed efforts to boost direct reach

14/07/2017 3:29:54 PM | Posted in Broking Firm Views - Long Term Report read full news
FMCG Sector Update Subdued Performance on the Cards - Reliance Se

Subdued Performance on the Cards 

We expect implementation of GST to have an adverse impact on performance of consumer companies in 1QFY18. Lack of clarity over input tax credit on old stocks resulted in trade de-stocking its inventory in June before the GST rollout, which impacted the primary sales of most consumer companies. We expect the situat

12/07/2017 3:36:52 PM | Posted in Broking Firm Views - Sector Report read full news
Buy Marico Ltd For Target Rs.335.00 - Religare Sec

Marico Limited

MARICO has witnessed a marginal profit taking from its record high of late and currently hovering in a narrow range. We feel it’s a healthy pause and traders should use this to create fresh longs in the given range.MARICO has witnessed a marginal profit taking from its record high of late and currently hovering in a narrow range. W

11/07/2017 12:08:56 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Jyothy LaboratoriesLtd For Target Rs.431.00 - Reliance Se

STOCK IN FOCUS

* Jyothy Laboratories (JYL) closed 1.8% higher in trade today at Rs367 vs. flat close in the benchmark Nifty.

* JYL has a strong portfolio of brands like Ujala, Maxo, Exo, Margo, Henko and Pril among others in its portfolio.

* The company is focused on improving its direct distribution network and reduce dependence on

10/07/2017 11:55:40 AM | Posted in Broking Firm Views - Short Term Report read full news
Hold Dabur India Ltd For Target Rs.280.00 - Emkay

Recovery to be gradual; Maintain HOLD

* Dabur was witnessing some revival in growth during April and May led by gradual recovery in demand and rural growth has been marginally ahead of urban growth. However, June month has been witnessing destocking by distributor on account of GST.

* Except for core Ayurvedic portfolio of Rs1.5-2bn where the

5/07/2017 3:12:02 PM | Posted in Broking Firm Views - Long Term Report read full news
Buy Bajaj Corp Ltd For Target Rs.463.00 - Reliance Se

STOCK IN FOCUS

* Bajaj Corp closed 2.3% up in trade at Rs390 compared to 1% increase in the benchmark Nifty ff The company is the market leader in light hair oil market with volume share of 58%

* Although 4QFY17 numbers were impacted by demonetization and weak consumer demand, we expect recovery in the coming quarters on back of good monsoon,

4/07/2017 11:40:43 AM | Posted in Broking Firm Views - Short Term Report read full news
FMCG stocks surge to record high, ITC top gainer

Stocks of FMCG rose to hit record high on Monday, with ITC, which is the largest contributor to the index, witnessing the highest momentum.

The S&P BSE FMCG index touched a fresh 52-week high of 10,936.47 points. Around 3 p.m., it traded at 10,794.56 points -- up 3.51 per cent.

Around 3 p.m., shares of ITC traded up by almost 6 per cent at Rs 343.15 per scrip on the BSE.

Accumulate Dabur India Ltd For Target Rs.320.00 - Religare Sec

Investment Rationale

* Dabur India Ltd (DIL) is the second largest FMCG company in India, in terms of Product portfolio. It has a strong portfolio of brands (Dabur Chyawanprash, Real, Hajmola, Vatika, Amla, Fem, Honey, Meswak, Dabur Red) with the focus largely on ayurvedic & healthcare offerings.

* The company’s diverse product port

1/07/2017 3:25:08 PM | Posted in Broking Firm Views - Short Term Report read full news
Buy Hindustan Unilever Ltd For Target Rs.1,215.00 - Motilal Oswal

Higher premiumization to drive earnings

We attended HUVR annual investor meet 2017. Following are the key takeaways:

*  Clear focus on thought leadership far ahead of peers and improving accessibility of their core brands in each segment.

*  Far more emphasis on premiumization across segments than earlier.

21/06/2017 3:51:44 PM | Posted in Broking Firm Views - Long Term Report read full news
Bajaj Corp plans to raise Rs 1,000 cr

FMCG firm Bajaj Corp said that it has planned to raise Rs 1,000 crore from market by issuing equity shares and securities. The company has plans to raise the amount “in one or more tranches up to an amount not exceeding Rs 1,000 crore”.

The resolution will enable the firm to raise funds by “issue of equity shares and/or any other financial instruments, convertible in

Buy Dabur India Ltd For Target Rs.302.00 - Religare Sec

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 | Posted in Broking Firm Views - Short Term Report read full news

Update On Procter & Gamble Hygiene & Health Care Ltd - Equirus Sec

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

17/06/2017 10:02:12 AM | Posted in Broking Firm Views - Long Term Report read full news
Accumulate Hindustan Unilever Ltd For Target Rs.1,100.00 - Emkay

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

15/06/2017 1:38:27 PM | Posted in Broking Firm Views - Long Term Report read full news
Hold Hindustan Unilever Ltd For Target Rs.1,165.00 - Sharekhan

Key points

* 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

14/06/2017 2:39:25 PM | Posted in Broking Firm Views - Long Term Report read full news
Accumulate Hindustan Unilever Ltd For Target Rs.1,100.00 - Kotak Sec

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

13/06/2017 2:14:49 PM | Posted in Broking Firm Views - Long Term Report read full news
Derivative Ideas Dabur India Ltd For Target Rs.296.00 - Religare Sec

Derivative Ideas

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

13/06/2017 12:31:59 PM | Posted in Broking Firm Views - Short Term Report read full news
FMCG products to see decline in volume post GST: Britannia

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

Buy Colgate Palmolive India Ltd For Target Rs.1,160.00 - Religare Sec

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 | Posted in Broking Firm Views - Short Term Report read full news

Sell Colgate-Palmolive (India) Ltd For Target Rs.980.00 - Kotak Sec

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

10/06/2017 10:44:13 AM | Posted in Broking Firm Views - Long Term Report read full news