Hawkins Cookers Ltd (HCL) operates in two segments i.e. Pressure Cookers and Cookware. We are positive on Hawkins Cookers on the back of strong revenue outperformance compared to its peers, gaining market share, increase in penetration of cooking gas, strong brand name & wide distribution network and healthy demand for kitchen product post Covid-19.
Swaraj Engines CMP:- Rs1,408 Upside -25%
Swaraj Engines (SEL) is engaged in the business of manufacturing tractor diesel engines for M&M. During the 2QFY21, SEL reported strong ~31% volume growth. Going forward, we expect SEL to report better numbers on back of strong growth numbers in the tractor industry (on account of good monsoon, higher kharif acreage and continued government support, including higher MSPs for key crops). Hence, it will benefit the players like Swaraj Engines. Hence we are positive on Stock.
Whirlpool of India CMP:- Rs2,556 Upside -22%
Whirlpool of India (WIL) is engaged in manufacturing and selling of Refrigerators, Washing Machines, Air Conditioners, Microwave Ovens, built in and Small appliances and caters to both domestic and international markets. WIL’s product portfolios presence in the lower penetration category, which would lead to higher growth. Further, increasing focus on emerging categories like water purifier, AC and Kitchen Hoods & Hobs and feeling product portfolio gap by launching products. Going forward, we expect healthy profitability on the back of a strong brand, wide distribution network, capacity expansion & strengthening product portfolio.
Radico Khaitan CMP:- Rs450 Upside -20%
Radico Khaitan Ltd (RKL) is a leading manufacturer of IMFL. It has a strong pan-India presence with growing sales in the premium brands like Magic Moments Vodka, 8PM Premium Black Whisky, etc. During 2QFY21, RKL has outperformed the IMFL industry – Radico reported sales growth ~11%, UB revenues de-grew - 43% yoy, UNSP degrowth-7% and Pernad ricard de-growth -13.5%. Going forward, we expect RKL to report healthy top-line & bottom-line growth on the back of gaining market share, launching new products, increase in premium products mix, strong brand name & wide distribution network.
Page Industries CMP:- Rs27,525 Upside -20%
Page Industries Ltd (PIL) is engaged in the manufacturing distribution and marketing of Innerwear Athleisure Sleepwear and Swimwear for men, women and kids. The company is the exclusive licensee of the Jockey brand. Jockey is the market leader in premium innerwear & leisure wear category in India. Going forward, we expect healthy revenue growth and profitability on the back of a strong brand, wide distribution network and entry in new segments like Athleisure & Kids.
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