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Consumer Staples & Discretionary Sector Update : Beneath The Surface (BTS) By ICICI Securities This is NOT a template-based results review report (of aggregate performance, charts et al). This is a portfolio manager summary of the under-appreciated, yet very important takeaways from the 1QFY24 results season on consumption (Staples, Retail, Paints, Jewellery, Building Materials, Durables, etc.). We decipher management comments and add the layer of our views. Preferred picks: Large caps: Nestle, GCPL Midcaps: Jubilant Food, Kalyan Jewellers, Jyothy, Go Fashion, Emami Avoid: Paints Un...
Consumer Staples & Discretionary Sector Update : Beneath The Surface (BTS) By ICICI Securities
Consumer Staples & Discretionary Sector Update : Beneath The Surface (BTS) By ICICI Securities
Source: ICICI Securities Ltd
29/08/2023 3:42:26 PM
Buy Godrej Consumer Products Ltd For Target Rs.1,165 - JM Financial Institutional Securities Tracking well on numbers and even better on quality GCPL’s 1QFY24 report was healthier on quality overall. To quote CEO Sudhir Sitapati, EBITDA margin of the business is now slightly higher than four-year ago level even though gross margin is relatively lower and ad-spends in the business are higher. GCPL’s domestic A&P of 12.5% of sales is now higher vs any of its HPC peers including HUL – this speaks of the seriousness of its category development intent. Domestic or...
Buy Godrej Consumer Products Ltd For Target Rs.1,165 - JM Financial Institutional Securities
Buy Godrej Consumer Products Ltd For Target Rs.1,165 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
18/08/2023 2:42:07 PM
Neutral V-Guard Industries Ltd For Target Rs.319 - Yes Securities Non-South sees increased traction; downgrade to NEUTRAL on limited upside Result Synopsis VGRD reported strong revenue growth of 19.3% aided by consolidation of Sunflame appliances. There was broad based growth across the segments, with electronics segment growing by 20% yoy followed by consumer durables and electricals which grew by 11% and 10% respectively. VGRD’s non-south growth of 26% significantly outperformed south which saw growth of 9% yoy. Gross margins for the quarter e...
Neutral V-Guard Industries Ltd For Target Rs.319 - Yes Securities
Neutral V-Guard Industries Ltd For Target Rs.319 - Yes Securities
Source: Yes Securities Ltd
18/08/2023 2:29:51 PM
Neutral Bajaj Electricals Ltd For Target Rs.1,275 - Yes Securities Soft quarter amid weak demand; downgrade to Neutral Result Synopsis Consumer products (CP) business registered low single digit growth of 2% on account of muted demand environment and unseasonal rains impacting summer products, while appliances saw growth of 10%. EBITDA margins at 6.1% was lower as operating leverage has not kicked in and staff cost saw increase on back of enhancement in R&D team in lighting vertical. EPC business has started generating profits and it is expected to...
Neutral Bajaj Electricals Ltd For Target Rs.1,275 - Yes Securities
Neutral Bajaj Electricals Ltd For Target Rs.1,275 - Yes Securities
Source: Yes Securities Ltd
18/08/2023 2:24:38 PM
Consumer Goods Sector Update : Near-term execution key, margin & volume tussle continues - Emkay Global Financial Services Ltd FMCG companies put up a low-key show on the topline front in Q1FY24, where pricing growth anniversarized and volume growth was lackluster (sector volume growth stood at 7.5%, but only 0-4% for our coverage companies, except GCPL that saw 12% growth). However, from the margin perspective, there has been healthy recovery, driven by easing in raw-material costs. Earnings delivery was relatively better, with improvement in margins. Going ahead, companies would strive for growth in volume over mar...
Consumer Goods Sector Update : Near-term execution key, margin & volume tussle continues - Emkay Global Financial Services Ltd
Consumer Goods Sector Update : Near-term execution key, margin & volume tussle continues - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services
17/08/2023 12:11:01 PM
Consumer Staples & Discretionary Sector Update By ICICI Securities Value Trap or Trapped Value #5 Bajaj Consumer (BaCo), Emami and Jyothy Labs (JYL) – the trio – continue to trade at a considerable discount to Consumer Staples peers (all three companies (still) appear great value picks). These companies have gradually improved execution with: 1) focus toward distribution expansion, 2) improving performance in new-age channels, 3) diversifying their product portfolio (acquisitions, digital-first launches). We believe, with consumer demand envir...
Consumer Staples & Discretionary Sector Update By ICICI Securities
Consumer Staples & Discretionary Sector Update By ICICI Securities
Source: ICICI Securities
15/08/2023 12:09:06 PM
Add Bajaj Electricals Ltd For Target Rs.1,320 - ICICI Securities Success of new brand Nex and relaunch of Nirlep are key drivers for rerating While Bajaj Electricals reported weaker Q1FY24 than peers and our expectations, we note, (1) the EPC business is likely to be demerged very soon (3-4 months) and Bajaj Electricals has repaid the debt and has net cash balance sheet. Hence, it can leverage the cash flows to grow the consumer business in FY24-25, (2) it plans to invest in Nex (new brand) and Nirlep (relaunch). Success of these two brands will create ...
Add Bajaj Electricals Ltd For Target Rs.1,320 - ICICI Securities
Add Bajaj Electricals Ltd For Target Rs.1,320 - ICICI Securities
Source: ICICI Securities
13/08/2023 9:51:53 AM
India`s consumer goods growth hits 1-1/2-year high on rural revival- NielsenIQ The consumer goods industry in the world's most populous country clocked its fastest growth in a year and a half in the April-June quarter, as softening inflation drove demand even in the hinterlands, according to a report published on Thursday. Demand for consumer goods has been under pressure in rural India, with higher prices of everyday essentials from milk to wheat flour forcing people to cut back spending on both other essentials and discretionary purchases. However, inflation...
India`s consumer goods growth hits 1-1/2-year high on rural revival- NielsenIQ
India`s consumer goods growth hits 1-1/2-year high on rural revival- NielsenIQ
Source: Reuters
10/08/2023 5:24:25 PM
Godrej Appliances sets a new benchmark by launching `India`s most energy-efficient refrigerator- Edge Neo`  Godrej & Boyce, the flagship company of the Godrej Group, announced that its business Godrej Appliances, continues to demonstrate its commitment to sustainability and technological advancement with the launch of India’s most energy-efficient refrigerator ‘Godrej Edge Neo’. It consumes only 99 units per year which is the lowest energy consumption as per the current BEE ratings, in comparison to any other refrigerator...
Godrej Appliances sets a new benchmark by launching `India`s most energy-efficient refrigerator- Edge Neo`
Godrej Appliances sets a new benchmark by launching `India`s most energy-efficient refrigerator- Edge Neo`
Source: PR Agency
10/08/2023 3:14:06 PM
India's Godrej Consumer Products misses Q1 profit view as costs bite India's Godrej Consumer Products reported a lower-than-expected quarterly profit on Monday, hurt by mounting costs. Consolidated net profit fell nearly 8% to 3.19 billion rupees ($38.57 million) for the first quarter ended June 30, the owner of the Cinthol soap brand said in an exchange filing. Analysts, on average, had expected the company to report a profit of 4.77 billion rupees, according to Refinitiv data. Total sales for the company, which is known for its soap, hair and de...
India's Godrej Consumer Products misses Q1 profit view as costs bite
India's Godrej Consumer Products misses Q1 profit view as costs bite
Source: Reuters
7/08/2023 7:10:42 PM
Dabur India reports 5.4% rise in Q1 profit Consumer goods-maker Dabur India reported a rise in first-quarter profit on Thursday as demand rose on easing inflation. The company's consolidated net profit rose 5.4% year-on-year to 4.64 billion rupees ($56.1 million) in the quarter ended June 30. ($1 = 82.7900 Indian rupees)
Dabur India reports 5.4% rise in Q1 profit
Dabur India reports 5.4% rise in Q1 profit
Source: Reuters
3/08/2023 2:47:41 PM
Nestle India rises on aiming to grow distribution footprint in semi-urban, rural markets Nestle India is currently trading at Rs. 22535.40, up by 48.50 points or 0.22% from its previous closing of Rs. 22486.90 on the BSE. The scrip opened at Rs. 22551.20 and has touched a high and low of Rs. 22650.45 and Rs. 22433.40 respectively. So far 553 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 23390.00 on 17-Jul-2023 and a 52 week low of Rs. 17888.00 on 15-Mar-2023. Last one week high and low of the scr...
Nestle India rises on aiming to grow distribution footprint in semi-urban, rural markets
Nestle India rises on aiming to grow distribution footprint in semi-urban, rural markets
Source: Accord Fintech
31/07/2023 11:32:26 AM
India`s Marico posts Q1 profit beat as lower costs offset sluggish demand Indian consumer goods maker Marico reported a bigger-than-expected rise in quarterly profit, as a drop in input costs helped overshadow a fall in revenue due to sluggish rural demand. Marico, home to brands including Parachute and Saffola oils, said consolidated net profit rose 15.1% to 4.27 billion rupees ($52 million) in the three months ended June 30. Analysts, on average, had expected a profit of 4.14 billion rupees, according to Refinitiv data. The company's revenue fell 3.2...
India`s Marico posts Q1 profit beat as lower costs offset sluggish demand
India`s Marico posts Q1 profit beat as lower costs offset sluggish demand
Source: Reuters
28/07/2023 6:01:33 PM
Nestle India trades higher on reporting 37% rise in Q2 net profit Nestle India is currently trading at Rs. 22448.75, up by 119.35 points or 0.53% from its previous closing of Rs. 22329.40 on the BSE. The scrip opened at Rs. 22330.00 and has touched a high and low of Rs. 22622.60 and Rs. 22200.00 respectively. So far 2049 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 23390.00 on 17-Jul-2023 and a 52 week low of Rs. 17888.00 on 15-Mar-2023. Last one week high and low of the s...
Nestle India trades higher on reporting 37% rise in Q2 net profit
Nestle India trades higher on reporting 37% rise in Q2 net profit
Source: Accord Fintech
28/07/2023 3:48:31 PM
Nestle India logs Rs 698 cr PAT for Q2, extends financial year Nestle Ltd on Thursday said it closed the second quarter of FY23 with a net profit of Rs 698.34 crore. In a regulatory filing, the company said during the second quarter of FY23, it had earned a total income of Rs 4,682.48 crore (Q2FY22 Rs 4,065.06 crore) and a net profit of Rs 698.34 crore (Rs 510.24 crore). According to Suresh Narayanan, Chairman and Managing Director, all product groups registered double digit growth for the fifth quarter in succession. Narayanan also said the com...
Nestle India logs Rs 698 cr PAT for Q2, extends financial year
Nestle India logs Rs 698 cr PAT for Q2, extends financial year
Source: IANS
27/07/2023 2:16:06 PM
Marico rises on inking agreements to acquire up to 58% stake in Satiya Nutraceuticals Marico is currently trading at Rs. 540.30, up by 7.80 points or 1.46% from its previous closing of Rs. 532.50 on the BSE. The scrip opened at Rs. 535.10 and has touched a high and low of Rs. 542.55 and Rs. 532.20 respectively. So far 14974 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 559.00 on 01-Jun-2023 and a 52 week low of Rs. 462.95 on 20-Apr-2023. Last one week high and low of the scrip stood at Rs. 542....
Marico rises on inking agreements to acquire up to 58% stake in Satiya Nutraceuticals
Marico rises on inking agreements to acquire up to 58% stake in Satiya Nutraceuticals
Source: Accord Fintech
27/07/2023 10:37:23 AM
India's Marico to buy 58% stake in plant-based brand for $45 million Indian consumer goods company Marico said on Wednesday it will acquire a 58% stake in Satiya Nutraceuticals, which owns a plant-based nutrition brand, for 3.69 billion rupees ($45 million). Marico, owner of the Parachute oil brand, has so far bought a 32.75% stake in Satiya Nutraceuticals and will complete the acquisition of the remaining stake in tranches by May 2025. This deal comes at a time when plant-based food items are gaining traction and drawing investments. "This deal ...
India's Marico to buy 58% stake in plant-based brand for $45 million
India's Marico to buy 58% stake in plant-based brand for $45 million
Source: Reuters
27/07/2023 9:35:52 AM
Sayaji Industries shines on making investment in subsidiary Sayaji Industries is currently trading at Rs. 183.75, up by 5.65 points or 3.17% from its previous closing of Rs. 178.10 on the BSE. The scrip opened at Rs. 178.45 and has touched a high and low of Rs. 183.75 and Rs. 178.45 respectively. So far 86 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 5 has touched a 52 week high of Rs. 231.90 on 27-Sep-2022 and a 52 week low of Rs. 140.00 on 28-Mar-2023. Last one week high and low of the scrip stood at ...
Sayaji Industries shines on making investment in subsidiary
Sayaji Industries shines on making investment in subsidiary
Source: Accord Fintech
19/07/2023 2:47:55 PM
Marico inches up on aiming to ramp up revenue from foods portfolio to Rs 850 crore by FY24 Marico is currently trading at Rs. 531.55, up by 0.05 points or 0.01% from its previous closing of Rs. 531.50 on the BSE. The scrip opened at Rs. 534.05 and has touched a high and low of Rs. 535.10 and Rs. 530.90 respectively. So far 3486 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 559.00 on 01-Jun-2023 and a 52 week low of Rs. 462.95 on 20-Apr-2023. Last one week high and low of the scrip stood at Rs. 547.6...
Marico inches up on aiming to ramp up revenue from foods portfolio to Rs 850 crore by FY24
Marico inches up on aiming to ramp up revenue from foods portfolio to Rs 850 crore by FY24
Source: Accord Fintech
18/07/2023 11:43:24 AM
India`s Sheela Foam to acquire rival Kurlon in $396 million deal - Moneycontrol India's Sheela Foam will acquire rival Kurlon Enterprise for a cash consideration of 32.50 billion rupees ($396.37 million), Moneycontrol reported on Wednesday, citing a person familiar with the matter.
India`s Sheela Foam to acquire rival Kurlon in $396 million deal - Moneycontrol
India`s Sheela Foam to acquire rival Kurlon in $396 million deal - Moneycontrol
Source: Reuters
28/06/2023 10:50:04 AM
Neutral Crompton Greaves CE Ltd For Target Rs.302 - Yes Securities Facing growth challenges in the near term; downgrade to Neutral Our interaction with Crompton dealers/distributors hint at near-term growth issues for the company amid sluggish demand for Fans and Lighting. For Fans, lower-thenexpected demand in April & May caused higher-than-normal inventory. Dealers reckon inventory to be setteled by July end to mid-August. In case of Lighting, demand is muted and is expected to remain so in the near future. Dealers are pinning hopes on the festive s...
Neutral Crompton Greaves CE Ltd For Target Rs.302 - Yes Securities
Neutral Crompton Greaves CE Ltd For Target Rs.302 - Yes Securities
Source: Yes Securities Ltd
23/06/2023 3:41:58 PM
Future Consumer trades higher on the BSE Future Consumer is currently trading at Rs. 0.99, up by 0.01 points or 1.02% from its previous closing of Rs. 0.98 on the BSE. The scrip opened at Rs. 0.97 and has touched a high and low of Rs. 0.99 and Rs. 0.95 respectively. So far 1602435 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 6 has touched a 52 week high of Rs. 2.53 on 15-Jun-2022 and a 52 week low of Rs. 0.49 on 03-Apr-2023. Last one week high and low of the scrip stood at Rs. 1.02 an...
Future Consumer trades higher on the BSE
Future Consumer trades higher on the BSE
Source: Accord Fintech
14/06/2023 3:47:15 PM
Hold Galaxy Surfactants Ltd For Target Rs.2,440 - ICICI Securities EBITDA/kg at higher level sustains   Galaxy Surfactants’ (GSL) Q4FY23 EBITDA/kg at Rs23.2 benefited from lower other expenses while gross profit/kg has dipped 9.6% YoY to Rs54.6. Volume growth was just 0.6% YoY to 58kte, and was impacted by a decline in Egypt, and destocking / down trading in US and Europe. India continues to grow fast at 14.6%. GSL expects to grow volume by 6-8% pa in FY24 (we see upside risk if AMET and RoW recover), while EBITDA and PAT may grow faster tha...
Hold Galaxy Surfactants Ltd For Target Rs.2,440 - ICICI Securities
Hold Galaxy Surfactants Ltd For Target Rs.2,440 - ICICI Securities
Source: ICICI Securities Ltd
9/06/2023 3:51:32 PM
Danone-backed Indian yoghurt maker Epigamia shelves plan to sell inflation-hit business Indian yoghurt maker Epigamia, backed by French dairy giant Danone, has shelved plans to sell its inflation-hit business and is now looking to expand to new markets, its CEO said in an interview. Founded in 2015 and backed also by Belgian investor Verlinvest, Epigamia is a small Indian startup which became popular in urban centres by marketing flavoured Greek yoghurt and fruit-based drinks to health conscious customers. But the company has been operating mostly in the red - its struggle...
Danone-backed Indian yoghurt maker Epigamia shelves plan to sell inflation-hit business
Danone-backed Indian yoghurt maker Epigamia shelves plan to sell inflation-hit business
Source: Reuters
17/05/2023 3:35:27 PM
Buy Godrej Consumer Products Ltd For Target Rs. 1178 - Religare Broking Healthy revenue performance on YoY basis: Godrej Consumer Products (GCPL) posted its Q4FY23 revenue growth of 9.8% YoY with an underlying volume growth of 6% while sequentially revenue de- was subdued and de-grew by 11%. The growth was largely driven by strong growth in India business and improving growth across international markets. In addition, robust traction and double digit growth in the home and personal care segment too helped growth. Gross margin saw decent improvement while EBITD...
Buy Godrej Consumer Products Ltd For Target Rs. 1178 - Religare Broking
Buy Godrej Consumer Products Ltd For Target Rs. 1178 - Religare Broking
Source: Religare Broking Ltd
17/05/2023 3:08:30 PM
Colgate-Palmolive's India unit beats Q4 profit view on price hikes Colgate-Palmolive (India) Ltd's fourth-quarter profit fell less than expected, helped by price hikes implemented to combat surging costs. The Indian arm of the U.S. consumer goods major reported a 2.3% fall in net profit to 3.16 billion rupees ($38.64 million) for the quarter ended March 31. Analysts, on average, had expected a profit of 2.71 billion rupees, according to Refinitiv IBES. The net profit includes a one-time tax reversal, barring which it had risen nearly 9%. The ...
Colgate-Palmolive's India unit beats Q4 profit view on price hikes
Colgate-Palmolive's India unit beats Q4 profit view on price hikes
Source: Reuters
12/05/2023 5:46:29 PM
Buy Godrej Consumer Products Ltd For Target Rs. 1,130 - Motilal Oswal Financial Services * Godrej Consumer (GCPL)’s consolidated revenue and gross profit was in line, while EBITDA was marginally higher than our estimates. The company delivered a strong volume growth of ~13% YoY in the India branded business. Importantly, EBITDA grew ~32% YoY despite a ~21% YoY rise in consolidated ad-spends. * Outlook on the margin is getting better, led by decreasing input costs and cost-saving initiatives. The management also reiterated its strategy, wherein it would concentrate on cat...
Buy Godrej Consumer Products Ltd For Target Rs. 1,130 - Motilal Oswal Financial Services
Buy Godrej Consumer Products Ltd For Target Rs. 1,130 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
12/05/2023 11:47:14 AM
Godrej Consumer Products jumps on reporting 24% rise in Q4 consolidated net profit Godrej Consumer Products is currently trading at Rs. 980.50, up by 17.90 points or 1.86% from its previous closing of Rs. 962.60 on the BSE. The scrip opened at Rs. 990.00 and has touched a high and low of Rs. 990.00 and Rs. 972.80 respectively. So far 50898 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 994.45 on 24-Apr-2023 and a 52 week low of Rs. 708.60 on 17-Jun-2022. Last one week high and low of the scri...
Godrej Consumer Products jumps on reporting 24% rise in Q4 consolidated net profit
Godrej Consumer Products jumps on reporting 24% rise in Q4 consolidated net profit
Source: Accord Fintech
11/05/2023 12:12:45 PM
India's P&G Hygiene and Health Care posts drop in Q3 sales on muted demand India's Procter & Gamble Hygiene and Health Care Ltd reported a dip in quarterly sales on Wednesday, as a pandemic-driven demand for healthcare products waned with new COVID cases dropping across the country. The company said sale of its products, ranging from Vicks inhaler to Whisper sanitary napkin, fell about 1% to 8.81 billion rupees ($107.73 million) in the January-March quarter. Sales surge in the comparable quarter a year earlier was Omicron-driven, the company said in an...
India's P&G Hygiene and Health Care posts drop in Q3 sales on muted demand
India's P&G Hygiene and Health Care posts drop in Q3 sales on muted demand
Source: Reuters
11/05/2023 9:14:33 AM
India`s rural consumer goods consumption back to growth in Q1 -NielsenIQ The consumption of consumer goods in rural India returned to growth after more than a year in the March quarter and is expected to grow for the rest of the year, market analytics firm NielsenIQ said, as inflation and price hikes eased. The increase in product prices slowed to 6.9% from January to March, from 7.9% in the previous quarter, helping consumption in rural India increase 0.3%, after six quarters of decline, NielsenIQ said in a report on Wednesday. Several Indian consumer goods...
India`s rural consumer goods consumption back to growth in Q1 -NielsenIQ
India`s rural consumer goods consumption back to growth in Q1 -NielsenIQ
Source: Reuters
10/05/2023 6:16:16 PM
Buy Godrej Consumer Products Ltd For Target Rs.1,050 - Motilal Oswal Financial GCPL acquires the FMCG business of Raymond Consumer Care Ltd About the deal: * Brief about the company: Established in 1969, RCCL specializes in the production and distribution of personal care and hygiene products. The company, based in Thane, Maharashtra, India, is primarily engaged in the manufacturing and marketing of personal care and grooming products, including deodorants, perfumes, and shaving products, under various brand names such as Park Avenue, KamaSutra. RCCL holds a dominant...
Buy Godrej Consumer Products Ltd For Target Rs.1,050 - Motilal Oswal Financial
Buy Godrej Consumer Products Ltd For Target Rs.1,050 - Motilal Oswal Financial
Source: Motilal Oswal Financial Services Ltd
2/05/2023 10:38:03 AM
Consumer Durable Sector Update : Worm`s ground view Store visits and conversations with regional area managers and distributors in Raipur By ICICI Securities We visited Raipur (in Chhattisgarh) and interacted with several regional sales managers, area managers and distributors of retail/QSR/FMCG companies to gain first-hand insight on their business (at store level) and evolving competitive landscape. Companies covered include: Avenue Supermarts (DMart), FMCG distributor (Jyothy Labs, Bajaj Consumer etc.), Go Fashion (Go Colors), Kalyan Jewellers, Metro Brands, Sapphire Foods (KFC and Pizza Hut), Sheela Foam and Vedant Fashions (Manyavar). However...
Consumer Durable Sector Update : Worm`s ground view Store visits and conversations with regional area managers and distributors in Raipur By ICICI Securities
Consumer Durable Sector Update : Worm`s ground view Store visits and conversations with regional area managers and distributors in Raipur By ICICI Securities
Source: ICICI Securities
28/04/2023 12:46:18 PM
Dabur to make additional investment of Rs 9.68 bn in Nepal Indian fast-moving consumer goods company Dabur has decided to make an additional investment of Rs 9.68 billion in Nepal. The Investment Board Nepal and Dabur Nepal Pvt. Ltd. signed a memorandum of understanding on Thursday for the construction, operation, and management of capacity building and product diversification projects under the private investment concept. Though the Investment Board Nepal had approved the additional investment by Dabur in February last year, the MoU was signed...
Dabur to make additional investment of Rs 9.68 bn in Nepal
Dabur to make additional investment of Rs 9.68 bn in Nepal
Source: IANS
28/04/2023 9:19:20 AM
Godrej Consumer to buy KamaSutra, Park Avenue brands from Raymond for Rs 2,825 crore Godrej Consumer Products Ltd will be buying the fast moving consumer goods (FMCG) business of Raymond Consumer Care Ltd for Rs 2,825 crore. The brands that Godrej Consumer would be acquiring from Raymond Consumer are: Park Avenue (for the FMCG category), KS, KamaSutra and Premium, through a slump sale. According to Godrej Consumer, for FY23, Raymond Consumer had reported a revenue of Rs 622 crore. "This acquisition allows us to complement our business portfolio and growth strate...
Godrej Consumer to buy KamaSutra, Park Avenue brands from Raymond for Rs 2,825 crore
Godrej Consumer to buy KamaSutra, Park Avenue brands from Raymond for Rs 2,825 crore
Source: IANS
28/04/2023 9:14:03 AM
India's Godrej to buy Raymond`s consumer business for $345 million India's Godrej Consumer Products Ltd said on Thursday it is acquiring the consumer goods business of Raymond Consumer Care Ltd for $345 million, bolstering its portfolio of brands in the country's fast-growing retail market. Raymond Ltd will sell its popular brands such as the Park Avenue deodorant and Kamasutra condoms to Godrej as part of the deal, which will turn it debt-free and reduce the number of business lines, its chairman Gautam Singhania said in a press conference. Th...
India's Godrej to buy Raymond`s consumer business for $345 million
India's Godrej to buy Raymond`s consumer business for $345 million
Source: Reuters
27/04/2023 6:00:36 PM
Consumer Goods Sector Update : Reliance Consumer: Assessing competitiveness of FMCG categories By Emkay Global Financial Services * Unlike the steady margin expansion and working-capital improvement seen in the sector in the last decade given the rational competition, RCPL’s ambitious foray into the FMCG market may have an impact on sector fundamentals. * In the USD183bn foods & beverages (F&B) market, RCPL’s thrust is largely on fragmented staples categories, except cola beverages. At this stage, RCPL’s aggressive and competitive product pricing will likely help in category development. ...
Consumer Goods Sector Update : Reliance Consumer: Assessing competitiveness of FMCG categories By Emkay Global Financial Services
Consumer Goods Sector Update : Reliance Consumer: Assessing competitiveness of FMCG categories By Emkay Global Financial Services
Source: Emkay Global Financial Services
15/04/2023 1:51:07 PM
Consumer Goods Sector Update - Assessing competitiveness of FMCG categories By Emkay Global Financial Services Reliance Consumer: Assessing competitiveness of FMCG categories * Unlike the steady margin expansion and working-capital improvement seen in the sector in the last decade given the rational competition, RCPL’s ambitious foray into the FMCG market may have an impact on sector fundamentals. * In the USD183bn foods & beverages (F&B) market, RCPL’s thrust is largely on fragmented staples categories, except cola beverages. At this stage, RCPL’s aggressive and compet...
Consumer Goods Sector Update - Assessing competitiveness of FMCG categories By Emkay Global Financial Services
Consumer Goods Sector Update - Assessing competitiveness of FMCG categories By Emkay Global Financial Services
Source: Emkay Global Financial Services
12/04/2023 11:28:50 AM
India`s Godrej Consumer Products sees Q4 growth on personal, home care demand India's Godrej Consumer Products on Wednesday forecast double-digit sales growth on a consolidated basis in the fourth-quarter, led by demand for its home and personal care products in India.
India`s Godrej Consumer Products sees Q4 growth on personal, home care demand
India`s Godrej Consumer Products sees Q4 growth on personal, home care demand
Source: Reuters
5/04/2023 12:48:42 PM
India's Patanjali Foods falls after stock exchanges freeze promoters shares Shares of India's Patanjali Foods Ltd fell as much as 5% on Thursday, a day after the edible oil maker said the country's stock exchanges froze promoters' shares as they still held a stake of around 80% in the company. India's markets regulator, the India's Securities and Exchange Board of India (SEBI), mandates the minimum public shareholding in listed companies at 25%. The stock is down 22.4% year to date. Patanjali, in an exchange filing on Wednesday, said it r...
India's Patanjali Foods falls after stock exchanges freeze promoters shares
India's Patanjali Foods falls after stock exchanges freeze promoters shares
Source: Reuters
16/03/2023 12:13:13 PM
Buy Supreme Industries Ltd For Target Rs. 2,838 - Centrum Broking Healthy volume revival SIL’s volumes grew by a healthy 51% YoY (+31% QoQ) while realisation declined 21% YoY (-10% QoQ). Decline in QoQ price realization was led by plastic piping system. We believe this could possibly be because of higher contribution of agri pipes during the quarter. Healthy volume revival is in-line to what we had indicated in our last channel check note – lower PVC/PP/LDPE prices will create a conducive environment for growth. EBITDA margins improved sequen...
Buy Supreme Industries Ltd For Target Rs. 2,838 - Centrum Broking
Buy Supreme Industries Ltd For Target Rs. 2,838 - Centrum Broking
Source: Centrum Broking Ltd
6/03/2023 2:04:41 PM
Buy Godrej Consumer Products Ltd For Target Rs. 1,080 - Motilal Oswal Financial Services Lower RM cost, GAUM turnaround to boost growth Godrej Consumer (GCPL) is one of our top pick from our Staples Coverage Universe over a one-year horizon. We present here our investment rationale: * Increasing traction in the domestic business should improve margins and return ratios. * The focus on profitability improvement in the African region (GCPL’s second largest sales contributor) and continued discipline in capital allocation will reduce the historical drag on the oversea...
Buy Godrej Consumer Products Ltd For Target Rs. 1,080 - Motilal Oswal Financial Services
Buy Godrej Consumer Products Ltd For Target Rs. 1,080 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
4/03/2023 11:19:01 AM
Surf excel becomes HUL`s first $1 billion brand Hindustan Unilever Limited (HUL) on Friday announced that its leading laundry detergent brand, Surf excel has crossed the $1 billion turnover mark. With this, Surf excel becomes one of the few brands in the entire consumer packaged goods sector in India to achieve this distinction. Purpose driven marketing, on-trend innovations and superior product quality have fuelled the brand's journey to this milestone, HUL said. The brand has developed a strong emotional resonance with consu...
Surf excel becomes HUL`s first $1 billion brand
Surf excel becomes HUL`s first $1 billion brand
Source: IANS
17/02/2023 3:33:42 PM
Indian electronics maker Dixon expects 12% sales growth this financial year Indian electronics manufacturer Dixon Technologies, supplier to brands like Samsung and Xiaomi, expects revenue to rise 12% in the current financial year and is considering setting up a plant in Tamil Nadu state, a top executive told Reuters on Monday. Dixon's Managing Director Atul Lall said the company is "seriously considering" investing in Tamil Nadu in the next 12-18 months. It currently has factories in three Indian states but not in Tamil Nadu, a hub for electronics an...
Indian electronics maker Dixon expects 12% sales growth this financial year
Indian electronics maker Dixon expects 12% sales growth this financial year
Source: Reuters
13/02/2023 5:11:49 PM
Dabur India`s sales growth hits 10-quarter low on dull rural demand Dabur India Ltd reported a 5% drop in third-quarter profit on Thursday, with its revenue growth slumping to a ten-quarter low as customers in rural areas, reeling from the impact of high living costs, tightened spending. The company, which makes products including shampoos and hair oil, said net income fell to 4.76 billion rupees (about $58 million) in the quarter ended Dec. 31, from 5.03 billion rupees a year earlier. Its revenue from operations rose 3% to 30.43 billion rupees - markin...
Dabur India`s sales growth hits 10-quarter low on dull rural demand
Dabur India`s sales growth hits 10-quarter low on dull rural demand
Source: Reuters
2/02/2023 3:28:20 PM
Consumer Goods Sector Update : The way we see it - a `chug-along` year - JM Financial Institutional Securities Year-ahead 2023: The way we see it – a ‘chug-along’ year It’s almost always the same story and it’s no different this time round - momentum expected to gather more steam a couple of quarters down the line, inflation forecasted to subside, costs would continue to get taken out from all P&L lines to support margin objectives, etc. Weak rural demand remained the biggest pain-point in consumer staples through 2022 and co-incides with a three-year old question:...
Consumer Goods Sector Update : The way we see it - a `chug-along` year - JM Financial Institutional Securities
Consumer Goods Sector Update : The way we see it - a `chug-along` year - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
10/01/2023 3:19:46 PM
Dabur India expects Q3 revenue to rise on late demand pickup CHENNAI- Consumer goods maker Dabur India Ltd said on Friday its consolidated quarterly revenue would likely increase in the low-tomid-single digit percentage range, benefiting from a pickup in demand late in the third quarter.  
Dabur India expects Q3 revenue to rise on late demand pickup
Dabur India expects Q3 revenue to rise on late demand pickup
Source: Reuters
6/01/2023 1:36:19 PM
Sayaji Industries rises on incorporating subsidiary company Sayaji Industries is currently trading at Rs. 183.00, up by 3.05 points or 1.69% from its previous closing of Rs. 179.95 on the BSE. The scrip opened at Rs. 188.95 and has touched a high and low of Rs. 188.95 and Rs. 180.55 respectively. So far 129 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 5 has touched a 52 week high of Rs. 289.70 on 27-Apr-2022 and a 52 week low of Rs. 171.00 on 30-Dec-2022. Last one week high and low of the scrip stood at...
Sayaji Industries rises on incorporating subsidiary company
Sayaji Industries rises on incorporating subsidiary company
Source: Accord Fintech
6/01/2023 9:48:20 AM
Cement, Consumers, Specialty Chemicals, and Autos may see margin expansion in 2023: Prateek Agrawal, Motilal Oswal AMC Below is Quote on Market Outlook 2023, Mr. Prateek Agrawal, Executive Director - Business & Investment Strategy, MOAMC While inflation does seem to have peaked in 2022, central bankers are not letting their guard down. While the increase in policy rates has slowed down, central bankers are now expected to keep rates high for longer and the peak rate could be a tad higher, vs earlier expectations. Equity markets which had been buoyant in November, on hopes of a policy pivot, g...
Cement, Consumers, Specialty Chemicals, and Autos may see margin expansion in 2023: Prateek Agrawal, Motilal Oswal AMC
Cement, Consumers, Specialty Chemicals, and Autos may see margin expansion in 2023: Prateek Agrawal, Motilal Oswal AMC
Source: PR Agency
5/01/2023 4:56:02 PM