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Buy Devyani International Ltd For Target Rs.215 By Motilal Oswal Financial Services Ltd Near-term pressure persists; focus on store expansion We met with Mr. Manish Dawar, CFO of Devyani International (DIL), to discuss the current demand trends, the company’s growth outlook across business verticals, and its long-term strategy. Near-term consumer sentiment remains subdued due to high food inflation, intense competition, and geopolitical challenges. The underlying performance in 2HFY25 will largely be similar to that in 1HFY25. KFC and Pizza Hut (PH) are expected to post...
Buy Devyani International Ltd For Target Rs.215 By Motilal Oswal Financial Services Ltd
Buy Devyani International Ltd For Target Rs.215 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-20 09:56:34 am
Buy Jyothy Labs Ltd For Target Rs.500 By Yes Securities Ltd Expect subdued EBITDA growth in 3Q even while volume growth improves We recently met the management of Jyothy Laboratories Ltd. (JYL). Management reemphasized about the soft demand environment & pressure on margins in the near-term. Beyond the next few quarters, JYL is confident of improving its growth trajectory with high-single digit volumes supported by come-back of pricing, premiumization and addition of category next year. Maintain BUY with unchanged target price (TP) of Rs500. ...
Buy Jyothy Labs Ltd For Target Rs.500 By Yes Securities Ltd
Buy Jyothy Labs Ltd For Target Rs.500 By Yes Securities Ltd
Source: Yes Securities Ltd
2024-12-18 11:19:19 am
Consumer Goods Sector Update : Growth diversity; overplaying valuation correction by Motilal Oswal Financial Services Ltd * Our widespread consumer coverage universe, with combined revenue of INR4,000b and market cap of INR32,000b, registered aggregate revenue growth of 8%/9% in 2QFY25/FY24. The coverage includes six segments, most of which posted revenue growth in 2QFY25/FY24 (i.e., staples +7%/+6%, paints -2%/+4%, liquor +4%/+5%, innerwear +11%/-3%, QSR +7%/+12%, and jewelry +22%/+28% YoY). Staple companies missed the expectation of further pickup in volume growth in 2QFY25; however, their performance was stea...
Consumer Goods Sector Update : Growth diversity; overplaying valuation correction by Motilal Oswal Financial Services Ltd
Consumer Goods Sector Update : Growth diversity; overplaying valuation correction by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-12-10 11:58:46 am
Buy Jyothy Laboratories Ltd For Target Rs.496 by Geojit Financial Services Ltd Margins improved, valuation moderated Jyothy Labs Ltd. (JLL) is an Indian FMCG player with products across fabric care, dishwashing, mosquito repellents & personal care . * For Q2FY25, revenue growth was flat YoY largely, due to a high base of 11% last year. Volumes grew by 3% YoY while increased grammage and price cuts impacted value growth. Main segments, fabric care & dishwash (78% mix), along with household insecticides, witnessed flat growth while personal care declined by ...
Buy Jyothy Laboratories Ltd For Target Rs.496 by Geojit Financial Services Ltd
Buy Jyothy Laboratories Ltd For Target Rs.496 by Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-12-10 10:35:35 am
Sell Honasa Consumer Ltd For Target Rs. 300 By Motilal Oswal Financial Services Ltd Downgrade to SELL; strategic reboot needed to revive growth ahead We downgrade Honasa to SELL from Buy, as we cut our Sep-25E TP to Rs300 from Rs600 earlier. Our thesis of accelerated growth with steady share gains in personal care got a beating from weak business commentary in Q2FY25. Mamaearth is likely to see decline in FY25E (where online growth slumped and general trade in 30% of Top-50 cities await distribution) and aims to recover base in FY26E. Limited offline presence and slower g...
Sell Honasa Consumer Ltd For Target Rs. 300 By Motilal Oswal Financial Services Ltd
Sell Honasa Consumer Ltd For Target Rs. 300 By Motilal Oswal Financial Services Ltd
Source: Emkay Global Financial Services Ltd
2024-12-04 10:15:01 am
Buy Jyothy Labs Ltd For Target Rs. 620 By Sushil Finance Highlights from the Quarter (Q2FY25): Jyothy Labs Ltd (JLL) reported a flat quarterly net revenue of Rs.746.3cr for Q2FY25, marginally lower by 1.2% YoY and flat on a QoQ basis. The company reported an EBITDA of Rs.151.0cr for the quarter vs Rs.148.6cr for the same quarter in the previous year, and Rs.147.2cr in the preceding quarter. Subsequently, the company posted a net profit of Rs.105.0cr for the quarter. The company observed a 0.2% value growth and 3% volume growth this quarter again...
Buy Jyothy Labs Ltd For Target Rs. 620 By Sushil Finance
Buy Jyothy Labs Ltd For Target Rs. 620 By Sushil Finance
Source: Sushil Finance
2024-12-03 12:57:10 pm
Reduce Colgate-Palmolive Ltd For Target Rs. 3000 By Emkay Global Financial Services Ltd High base and low demand to hurt near-term show   We reiterate our REDUCE call on Colgate due to a high base for growth delivery ahead. The company has executed well on oral care and consistently surprised the street with its performance. However, amid a tough demand setting now, we see price power waning which will limit margin delivery ahead and result in muted earnings. Q2 results were a miss – 10% sales growth (3% lower than our estimate) and 4% adj PAT growth (11% lower)...
Reduce Colgate-Palmolive Ltd For Target Rs. 3000 By Emkay Global Financial Services Ltd
Reduce Colgate-Palmolive Ltd For Target Rs. 3000 By Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
2024-12-03 12:41:38 pm
Neutral Jyothy Laboratories Ltd For Target Rs. 500 By Motilal Oswal Financial Services Ltd Miss on sales; focus on volume-driven growth Jyothy Laboratories (JYL) reported flat sales YoY (miss) in 2QFY25. It posted a five-year CAGR of 10%. Volume growth was at 3%, on account of a high base (+11% in 1QFY25, +9% in 2QFY24) and muted consumer demand. Jul’24 saw muted performance, impacted by flooding in the South (40% sales contribution), while Sept’24 delivered double-digit volume growth. Oct’24 volume growth is expected in the mid- to highsingle digits, supported...
Neutral Jyothy Laboratories Ltd For Target Rs. 500 By Motilal Oswal Financial Services Ltd
Neutral Jyothy Laboratories Ltd For Target Rs. 500 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-03 10:41:58 am
Accumulate Marico Ltd For Target Rs.693 By PL Capital New age brands drive growth; Accumulate   Quick Pointers: * MRCO guides for double-digit revenue growth led by volumes in FY25 * Price hikes in Parachute & Saffola edible Oils due to rising commodity prices MRCO reported inline nos led by stable volume growth, positive pricing growth & favorable portfolio mix. We have cut our FY25/FY26/FY27 estimates by 2.4%/2.2%/2.8% given 1) Peaked out margin with no major expansion expected in near term and 2) Persistent sluggi...
Accumulate Marico Ltd For Target Rs.693 By PL Capital
Accumulate Marico Ltd For Target Rs.693 By PL Capital
Source: Prabhudas Lilladher Capital
2024-12-03 10:41:38 am
Add Colgate-Palmolive (India) Ltd For Target Rs.3,375 By Yes Securities Ltd Capitalizing on solid margin profile to fund growth We recently participated in the Analyst/Investor Meet held by Colgate-Palmolive (India) Ltd. (CLGT). Highlights at a glance: 1) CLGT outperformed peers on growth in recent times, 2) Toothpaste category growth softening as well in urban areas, 3) Average Selling Price (ASP) in recent times driven by mix improvement. As inflation rises, price actions to contribute as well, 4) Innovation, packaging upgrade, accessible sku’s and high de...
Add Colgate-Palmolive (India) Ltd For Target Rs.3,375 By Yes Securities Ltd
Add Colgate-Palmolive (India) Ltd For Target Rs.3,375 By Yes Securities Ltd
Source: Yes Securities Ltd
2024-12-03 10:15:55 am
Buy Britannia Industries Ltd For Target Rs.5,500 By Motilal Oswal Financial Services Ltd Healthy volume growth; miss on margin * Britannia Industries (BRIT) posted revenue growth of 5% YoY in 2QFY25 (est. 7%) and volume growth of 8%. Other operating income surged 62%, mainly due to the incentive received from the Ranjangaon plant, which qualified as an ultra-mega plant this year. * GM contracted 135bp/190bp YoY/QoQ to 41.5%. Employee costs were up 45% on phantom stocks being revalued based on the share price (impact of INR500m). EBITDA margin saw a sharp decline of 290bp Y...
Buy Britannia Industries Ltd For Target Rs.5,500 By Motilal Oswal Financial Services Ltd
Buy Britannia Industries Ltd For Target Rs.5,500 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-02 03:48:53 pm
Buy Hindustan Unilever Ltd For Target Rs. 3,100 By Motilal Oswal Financial Services Ltd Exciting product funnel; gearing up for growth Hindustan Unilever (HUVR) hosted Capital Market Day-2024 and underlined its business moats and competitive positioning across its categories. The company aims to remain relevant within India’s large consumption theme, which comprises 1) income prosperity; 2) a young population with a median age of under 32 years, and 3) increasing digital and social connectivity. The company’s strong funnel of product innovation (mainly for Beauty ...
Buy Hindustan Unilever Ltd For Target Rs. 3,100 By Motilal Oswal Financial Services Ltd
Buy Hindustan Unilever Ltd For Target Rs. 3,100 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-02 10:23:51 am
Neutral Asian Paints Ltd For Target Rs.2,650 By Motilal Oswal Financial Services Ltd Miss on all fronts; industry challenges persist * Asian Paints (APNT) registered weak 2Q performance with a 5%/7% YoY decline in consolidated/standalone revenue. Decorative volumes dipped 0.5% YoY, a sharp deceleration after clocking 7% growth in 1QFY25. Weak industry demand, extended monsoon, price cuts, and competition led to weak growth. Decorative industry saw a 3%-4% decline in 2Q. * Gross margin contracted 260bp/180bp YoY/QoQ to 40.8%. The company has implemented ~1% price hike, t...
Neutral Asian Paints Ltd For Target Rs.2,650 By Motilal Oswal Financial Services Ltd
Neutral Asian Paints Ltd For Target Rs.2,650 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-02 10:20:24 am
HUL trades higher on the BSE Hindustan Unilever is currently trading at Rs. 2490.85, up by 7.70 points or 0.31% from its previous closing of Rs. 2483.15 on the BSE. The scrip opened at Rs. 2489.55 and has touched a high and low of Rs. 2495.15 and Rs. 2461.00 respectively. So far 46037 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3034.50 on 23-Sep-2024 and a 52 week low of Rs. 2170.25 on 16-Apr-2024. Last one week high and low of the scri...
HUL trades higher on the BSE
HUL trades higher on the BSE
Source: Accord Fintech
2024-11-26 02:24:58 pm
Accumulate Marico Limited For Target Rs.678 By Geojit Financial Services Ltd Revenue rises; higher input cost dents margin Headquartered in Mumbai, Marico Limited is a leading Indian FMCG company with exports to over 25 countries. The company’s product portfolio includes brands such as Parachute, Saffola and Livon. • In Q2FY25, revenue increased 7.6% YoY to Rs. 2,664cr, as underlying volume grew 5% in the domestic business and revenue in constant-currency terms rose 13% in the international business. • Domestic business revenue grew 8.0% YoY t...
Accumulate Marico Limited For Target Rs.678 By Geojit Financial Services Ltd
Accumulate Marico Limited For Target Rs.678 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd.
2024-11-24 11:34:37 am
Buy Titan Company Ltd For Target Rs.3,850 By Motilal Oswal Financial Services Ltd Demand trends positive; miss on margins * Titan Company (TTAN) posted consolidated sales growth of 16% YoY in 2QFY25 (in line). The pressure on EBITDA margins led to a 7% miss on EBITDA (after adjusting customs duty). Higher interest costs (+71% YoY) and depreciation (+19%) led to only 2% YoY growth in adjusted PAT. * Jewelry sales growth (standalone, excluding bullion) was strong at 26% YoY (+9% in 1QFY25) due to strong demand recovery after customs duty reduction. Buyer grow...
Buy Titan Company Ltd For Target Rs.3,850 By Motilal Oswal Financial Services Ltd
Buy Titan Company Ltd For Target Rs.3,850 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-21 11:45:51 am
Buy Titan Company Ltd For Target Rs.3,850 By Motilal Oswal Financial Services Ltd Demand trends positive; miss on margins * Titan Company (TTAN) posted consolidated sales growth of 16% YoY in 2QFY25 (in line). The pressure on EBITDA margins led to a 7% miss on EBITDA (after adjusting customs duty). Higher interest costs (+71% YoY) and depreciation (+19%) led to only 2% YoY growth in adjusted PAT. * Jewelry sales growth (standalone, excluding bullion) was strong at 26% YoY (+9% in 1QFY25) due to strong demand recovery after customs duty reduction. Buyer grow...
Buy Titan Company Ltd For Target Rs.3,850 By Motilal Oswal Financial Services Ltd
Buy Titan Company Ltd For Target Rs.3,850 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-19 04:48:40 pm
Buy Carysil Ltd For Target Rs. 1,035 by Yes Securities Ltd Result Synopsis CARYSIL Ltd reported decent performance in Q2YFY25 wherein revenue grew by 26.6%YoY to Rs2.07Bn (in-line with our est) which was driven by exports biz (82% of revenue) which grew by 31%YoY. GP margins on a consolidated basis improved from 53%/53.3% in Q2FY24/Q1FY25 to 55.6%, however, operating margins declined by 218bps YoY to 18% due to higher employee & other cost. On standalone basis, revenue increased by 11%YoY, but gross margins declined from 61.4% in Q2FY24 to 58%...
Buy Carysil Ltd For Target Rs. 1,035 by Yes Securities Ltd
Buy Carysil Ltd For Target Rs. 1,035 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-19 03:29:33 pm
Buy Titan Company Ltd For Target Rs.3,850 By Motilal Oswal Financial Services Ltd Demand trends positive; miss on margins * Titan Company (TTAN) posted consolidated sales growth of 16% YoY in 2QFY25 (in line). The pressure on EBITDA margins led to a 7% miss on EBITDA (after adjusting customs duty). Higher interest costs (+71% YoY) and depreciation (+19%) led to only 2% YoY growth in adjusted PAT. * Jewelry sales growth (standalone, excluding bullion) was strong at 26% YoY (+9% in 1QFY25) due to strong demand recovery after customs duty reduction. Buyer grow...
Buy Titan Company Ltd For Target Rs.3,850 By Motilal Oswal Financial Services Ltd
Buy Titan Company Ltd For Target Rs.3,850 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-19 02:36:21 pm
Godrej Agrovet rises on forming strategic partnership with US-based Provivi Godrej Agrovet is currently trading at Rs. 736.75, up by 6.05 points or 0.83% from its previous closing of Rs. 730.70 on the BSE. The scrip opened at Rs. 745.35 and has touched a high and low of Rs. 745.35 and Rs. 730.00 respectively. So far 2276 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 877.85 on 15-Jul-2024 and a 52 week low of Rs. 475.70 on 04-Jun-2024. Last one week high and low of the scrip stood at ...
Godrej Agrovet rises on forming strategic partnership with US-based Provivi
Godrej Agrovet rises on forming strategic partnership with US-based Provivi
Source: Accord Fintech
2024-11-19 12:42:12 pm
Reduce Britannia Industries Ltd For Target Rs.5,200 By Emkay Global Financial Services We downgrade Britannia to REDUCE from Add, cutting Sep-25E TP to Rs5,200 from Rs6,750 earlier. Britannia's near-term outlook has turned weak, given the double whammy of demand slowdown and inflationary pressures. The inflationary setting ahead is likely to have a bearing on volume and margin delivery. The company is looking at 4-5% price hikes to address the inflationary stress, but as the strategic cover ends, we sense inflationary stress persisting in the business. We cut earnings by 9-...
Reduce Britannia Industries Ltd For Target Rs.5,200 By Emkay Global Financial Services
Reduce Britannia Industries Ltd For Target Rs.5,200 By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-11-19 12:34:50 pm
Neutral Hindustan Unilever Ltd For Target Rs.2,845 By Yes Securities Ltd Volume recovering gradually; Pricing turns positive in 2H Hindustan Unilever’s (HUVR) 2QFY25 performance was in-line with our estimate. Underlying Volume Growth (UVG) came in slightly below at 3% (5-year CAGR at ~2.8%) versus our est. of 4%. UVG decline in Soaps and Tea was offset by high-single digit UVG in Fabric Wash & Household Care. Tea category growth was impacted by downgradations while Soaps will take couple of quarters to recover from the recent price actions at the mass...
Neutral Hindustan Unilever Ltd For Target Rs.2,845 By Yes Securities Ltd
Neutral Hindustan Unilever Ltd For Target Rs.2,845 By Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-06 05:53:04 pm
Buy Hindustan Unilever Ltd For Target Rs.3,200 By Motilal Oswal Financial Services Ltd Miss on volume; core portfolio performs well * Hindustan Unilever’s (HUVR) 2QFY25 revenue was up 2% at INR157.3b (in line), with underlying growth of 3%. Volume growth of 3% was below our estimate of 5% (4% in 1QFY25). Demand trends remained stable, with moderate growth in urban areas and a stable recovery in rural regions. * Home Care maintained high-single-digit volume growth and 8% revenue growth, led by both Fabric Wash and Household Care. Beauty & Wellbeing segment clocke...
Buy Hindustan Unilever Ltd For Target Rs.3,200 By Motilal Oswal Financial Services Ltd
Buy Hindustan Unilever Ltd For Target Rs.3,200 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services ltd
2024-11-04 04:47:55 pm
India`s consumer spending on goods to grow 7 pc in next 5 years India’s consumer spending on goods is worth $1.29 trillion in 2024 and is expected to increase to 7.0 per cent in the next five years, according to a new report.  India’s expansion in electronics has, thus far, followed an assembly-to-component strategy, using tariffs and production-linked incentives to draw investment in the manufacturing of smartphones and other network-connected devices. The sheer scale of sales opportunity in the Indian market has also provided &ldq...
India`s consumer spending on goods to grow 7 pc in next 5 years
India`s consumer spending on goods to grow 7 pc in next 5 years
Source: IANS
2024-11-04 10:44:26 am
Dabur India trades lower on reporting 18% fall in Q2 consolidated net profit Dabur India is currently trading at Rs. 542.00, down by 4.95 points or 0.91% from its previous closing of Rs. 546.95 on the BSE. The scrip opened at Rs. 544.95 and has touched a high and low of Rs. 548.70 and Rs. 532.85 respectively. So far 51293 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 672.00 on 17-Sep-2024 and a 52 week low of Rs. 489.00 on 16-Apr-2024. Last one week high and low of the scrip stood at R...
Dabur India trades lower on reporting 18% fall in Q2 consolidated net profit
Dabur India trades lower on reporting 18% fall in Q2 consolidated net profit
Source: Accord Fintech
2024-10-31 03:12:24 pm
India's Marico beats Q2 profit estimates on price hikes Indian consumer goods maker Marico reported second-quarter profit well above market estimates on Tuesday, propped up by price hikes undertaken to offset higher raw material prices. The company reported a near-20% rise in consolidated net profit to 4.23 billion rupees ($50.3 million) for the three months ended Sept. 30. Analysts were expecting a profit of 3.86 billion rupees, according to data compiled by LSEG. To offset a 25% year-on-year increase in prices of copra, the main raw mat...
India's Marico beats Q2 profit estimates on price hikes
India's Marico beats Q2 profit estimates on price hikes
Source: Reuters
2024-10-29 05:28:09 pm
Diwali Pick 2024 : Buy Jyothy Labs Ltd For Target Rs. 624 By Religare Broking Ltd Innovating products across categories and moving up the ladder Jyothy Labs Ltd is one of India's leading FMCG companies, established in 1983 with the single brand ‘Ujala’. Over the time, it has evolved into a multi-brand company across different categories, expanding into the manufacturing and marketing of products. The company has diversified into categories such as fabric care, dishwashing, household insecticides, and personal care. Some of its leading brands include Ujal...
Diwali Pick 2024 : Buy Jyothy Labs Ltd For Target Rs. 624 By Religare Broking Ltd
Diwali Pick 2024 : Buy Jyothy Labs Ltd For Target Rs. 624 By Religare Broking Ltd
Source: Religare Broking Ltd
2024-10-29 11:38:15 am
Gopal Snacks soars on launching new flavour in snack pellets range Gopal Snacks is currently trading at Rs. 461.00, up by 11.55 points or 2.57% from its previous closing of Rs. 449.45 on the BSE. The scrip opened at Rs. 450.05 and has touched a high and low of Rs. 463.20 and Rs. 446.15 respectively. So far 22086 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 485.00 on 18-Oct-2024 and a 52 week low of Rs. 300.95 on 04-Jun-2024. Last one week high and low of the scrip stood at R...
Gopal Snacks soars on launching new flavour in snack pellets range
Gopal Snacks soars on launching new flavour in snack pellets range
Source: Accord Fintech
2024-10-28 12:53:30 pm
Stock of the day : Godrej Consumer Products Ltd For Target Rs. 1420 - Religare Broking Godrej Consumer Products Ltd * FMCG Space recently is spotted with rebound after a set of healthy corrections and GODREJCP accompanied the same setup. * Stock has witnessed a bounce over its long-term moving averages, i.e., 200 EMA * RSI indicator reads the oversold zones, It is expected that the bounce can extend and retest its immediate resistance, i.e., 100 EMA. * Traders are recommended to participate in the move with positive bias within the said range.    ...
Stock of the day : Godrej Consumer Products Ltd For Target Rs. 1420 - Religare Broking
Stock of the day : Godrej Consumer Products Ltd For Target Rs. 1420 - Religare Broking
Source: Religare Broking
2024-10-16 10:02:45 am
Avenue Supermarts rises on signing transaction documents to acquire 26% stake in FPAEPL Avenue Supermarts is currently trading at Rs. 4550.00, up by 9.55 points or 0.21% from its previous closing of Rs. 4540.45 on the BSE. The scrip opened at Rs. 4545.00 and has touched a high and low of Rs. 4614.35 and Rs. 4485.00 respectively. So far 7504 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5484.00 on 24-Sep-2024 and a 52 week low of Rs. 3618.85 on 25-Oct-2023. Last one week high and low of the scrip...
Avenue Supermarts rises on signing transaction documents to acquire 26% stake in FPAEPL
Avenue Supermarts rises on signing transaction documents to acquire 26% stake in FPAEPL
Source: Accord Fintech
2024-10-08 12:01:22 pm
AvenueSupermarts declines despite reporting 14% rise in standalone revenue in Q2FY25 Avenue Supermarts is currently trading at Rs. 4785.00, down by 155.20 points or 3.14% from its previous closing of Rs. 4940.20 on the BSE. The scrip opened at Rs. 4880.00 and has touched a high and low of Rs. 4880.00 and Rs. 4701.90 respectively. So far 23475 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5484.00 on 24-Sep-2024 and a 52 week low of Rs. 3618.85 on 25-Oct-2023. Last one week high and low of the ...
AvenueSupermarts declines despite reporting 14% rise in standalone revenue in Q2FY25
AvenueSupermarts declines despite reporting 14% rise in standalone revenue in Q2FY25
Source: Accord Fintech
2024-10-04 01:58:18 pm
Stock of the day : Marico Ltd For Target Rs. 755 - Religare Broking Marico Ltd * MARICO has been gradually inching higher after a breakout from a trend continuation pattern. * It has formed a fresh buying pivot from an elevated base which suggests the upward momentum to continue. * The price action and buoyancy in the FMCG space compliments the positive bias. * Traders can consider longs in the mentioned range.   Buy Marico Ltd CMP 709 Range 705-710 SL 685 Target 755   Please r...
Stock of the day : Marico Ltd For Target Rs. 755 - Religare Broking
Stock of the day : Marico Ltd For Target Rs. 755 - Religare Broking
Source: Religare Broking Ltd
2024-09-23 10:52:32 am
Jyothy Labs rises on inking pact with Smartwash Solutions for acquiring brand ‘Quiclo’ Jyothy Labs is currently trading at Rs. 549.45, up by 5.85 points or 1.08% from its previous closing of Rs. 543.60 on the BSE. The scrip opened at Rs. 552.75 and has touched a high and low of Rs. 554.00 and Rs. 546.80 respectively. So far 1099 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 595.00 on 11-Sep-2024 and a 52 week low of Rs. 332.80 on 26-Oct-2023. Last one week high and low of the scrip stood at Rs. ...
Jyothy Labs rises on inking pact with Smartwash Solutions for acquiring brand ‘Quiclo’
Jyothy Labs rises on inking pact with Smartwash Solutions for acquiring brand ‘Quiclo’
Source: Accord Fintech
2024-09-20 09:57:03 am
Stock of the day : Marico Ltd For Target Rs. 704 - Religare Broking Marico Ltd * MARICO has been gradually inching higher after registering a breakout from prolonged consolidation phase. * Post breakout, the stock witnessed price and time wise correction trading in a sideways range. * It has rebounded higher from the lower band of the range which coincides with its short term moving average suggesting price to resume its uptrend. * Thus, traders can consider longs in the mentioned range.   Buy Marico Ltd CMP 665.25&nb...
Stock of the day : Marico Ltd For Target Rs. 704 - Religare Broking
Stock of the day : Marico Ltd For Target Rs. 704 - Religare Broking
Source: Religare Broking
2024-09-09 10:52:06 am
Avenue Supermarts trades higher on the BSE Avenue Supermarts is currently trading at Rs. 5018.30, up by 11.15 points or 0.22% from its previous closing of Rs. 5007.15 on the BSE. The scrip opened at Rs. 5028.90 and has touched a high and low of Rs. 5045.40 and Rs. 4982.70 respectively. So far 1993 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5220.00 on 19-Jun-2024 and a 52 week low of Rs. 3617.30 on 03-Oct-2023. Last one week high and low of the scri...
Avenue Supermarts trades higher on the BSE
Avenue Supermarts trades higher on the BSE
Source: Accord Fintech
2024-08-30 10:38:14 am
Bikaji says `not for sale` amid investor interest in Indian snacks market  Indian snacks maker Bikaji Foods is "not for sale" and is instead on the prowl itself, aiming to cash in on the growing appetite for savoury brands in the world's most populous country, a top executive told Reuters. The Indian savoury snacks sector has ballooned in recent years as consumers splurge on packaged foods. "Bikaji is not for sale. Whatever price someone offers, there are certain things that are not for sale," Chief Operating Officer Manoj Verma s...
Bikaji says `not for sale` amid investor interest in Indian snacks market
Bikaji says `not for sale` amid investor interest in Indian snacks market
Source: Reuters
2024-08-28 11:12:54 am
Avenue Supermarts trades higher on the BSE Avenue Supermarts is currently trading at Rs. 4935.90, up by 56.35 points or 1.15% from its previous closing of Rs. 4879.55 on the BSE. The scrip opened at Rs. 4899.00 and has touched a high and low of Rs. 4977.75 and Rs. 4899.00 respectively. So far 4437 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5220.00 on 19-Jun-2024 and a 52 week low of Rs. 3530.00 on 25-Aug-2023. Last one week high and low of the scri...
Avenue Supermarts trades higher on the BSE
Avenue Supermarts trades higher on the BSE
Source: Accord Fintech
2024-08-26 11:20:34 am
India leads in Asia-Pacific with double-digit growth in consumer goods sales India is the only market consistently delivering double-digit growth in the Asia-Pacific region in the FMCG, tech and consumer durables segments, according to a report by consumer research firm NielsenIQ (NIQ) released on Wednesday.   The report, titled ‘Full View of Modern Trade Retail Trends’, also states that despite inflationary pressures, modern trade has shown resilience, with double-digit volume growth continuing regardless of price fluctuations. Interestingly, t...
India leads in Asia-Pacific with double-digit growth in consumer goods sales
India leads in Asia-Pacific with double-digit growth in consumer goods sales
Source: IANS
2024-08-22 09:55:24 am
Spices Board all set to increase cardamom productivity, export of spices The Spices Board, under the Union Ministry of Commerce and Industry, is all set with a transformative scheme aimed at significantly enhancing the export of spices and value-added spice products as well as improving the productivity of cardamoms and upgrading the post-harvest quality of spices across India for export, a statement said on Wednesday.   Various programmes rolled out under the scheme 'Sustainability in Spice Sector through Progressive, Innovative and Collaborative Inte...
Spices Board all set to increase cardamom productivity, export of spices
Spices Board all set to increase cardamom productivity, export of spices
Source: IANS
2024-08-22 09:28:02 am
India’s factory output growth slows to five-month low of 4.2% in June India’s factory output growth, measured in terms of the Index of Industrial Production (IIP), slowed to a five-month low of 4.2 per cent in June 2024, mainly due to poor performance of the manufacturing sector, though power and mining sectors continue to perform well. IIP grew by 4.0 per cent in June 2023. Industrial production was 6.2 per cent in May, 5 per cent in April, 5.5 per cent in March, 5.6 per cent in February and 4.2 per cent in January 2024. For the month of June 2024, the Q...
India’s factory output growth slows to five-month low of 4.2% in June
India’s factory output growth slows to five-month low of 4.2% in June
Source: Accord Fintech
2024-08-13 09:54:20 am
India’s technical consumer goods market logs 11 pc value growth in Jan-June period  Technical consumer goods (TCG) market in India recorded an 11 per cent increase in value and a 1 per cent rise in volume during the first half of 2024, compared to the same period last year, a report showed on Monday.  Small domestic appliances (SDA) led with a 29 per cent increase in value, reflecting heightened consumer interest in home convenience products, said market research firm GfK. India has emerged as the fastest-growing large market in the technical consumer goods ...
India’s technical consumer goods market logs 11 pc value growth in Jan-June period
India’s technical consumer goods market logs 11 pc value growth in Jan-June period
Source: IANS
2024-08-12 02:37:40 pm
India's consumer goods sales hits over one-year low on weak urban demand, report shows  Indian consumer products' sales slowed sharply to a more-than-one-year low from April to June due to softening demand for personal care products and packaged wheat flour, especially in urban areas, market researcher NielsenIQ said on Thursday. The overall sales volume growth slowed to 3.8% in the second quarter, compared with growth rates of 6.4% to 8.6% in the past four quarters, "largely due to macroeconomic headwinds," NielsenIQ said, without detailing the factors. ...
India's consumer goods sales hits over one-year low on weak urban demand, report shows
India's consumer goods sales hits over one-year low on weak urban demand, report shows
Source: Reuters
2024-08-08 01:58:43 pm
India's Godrej Consumer Products misses Q1 profit estimates India's Godrej Consumer Products reported a smaller-than-expected rise in first-quarter profit on Wednesday, as its household insecticides saw soft demand. The Cinthol soap maker reported a consolidated net profit of 4.51 billion rupees ($54 million) for the quarter ended June 30, up from 3.19 billion rupees a year earlier. Analysts had on average expected a profit of 4.92 billion rupees, as per LSEG data. Sale of products fell 3% to 33.11 billion rupees. The company announced...
India's Godrej Consumer Products misses Q1 profit estimates
India's Godrej Consumer Products misses Q1 profit estimates
Source: Reuters
2024-08-07 04:56:46 pm
Marico slips amid concerns of business being affected due to Bangladesh political crisis Marico is trading under pressure amid cautiousness as its business being affected due to ongoing political crisis in Bangladesh. The company’s Bangladesh revenue share in international business stands around 48% of the revenue in FY23. Within the International business, Bangladesh registered 10% CCG (constant currency growth) as the business stayed resilient and sustained its momentum. Marico is currently trading at Rs. 644.75, down by 27.65 points or 4.11% from its previous closing ...
Marico slips amid concerns of business being affected due to Bangladesh political crisis
Marico slips amid concerns of business being affected due to Bangladesh political crisis
Source: Accord Fintech
2024-08-06 12:54:23 pm
Government extends deadline for comments on new packaging rule for retail goods The Centre's Department of Consumer Affairs has extended the timeline for submission of comments on the proposed amendment in Rule 3 of the Legal Metrology (Packaged Commodities) Rules, by a month, to August 30 from the earlier date of July 29.   The amendment aims to extend the ambit of the rules to include packaged commodities containing a quantity of more than 25 kg or 25 litres that are sold in retail so that greater protection is ensured for consumers. The amendment is aim...
Government extends deadline for comments on new packaging rule for retail goods
Government extends deadline for comments on new packaging rule for retail goods
Source: IANS
2024-08-02 05:36:09 pm
Adani Wilmar surges on the BSE Adani Wilmar is currently trading at Rs. 349.60, up by 5.20 points or 1.51% from its previous closing of Rs. 344.40 on the BSE. The scrip opened at Rs. 347.25 and has touched a high and low of Rs. 354.90 and Rs. 347.25 respectively. So far 207673 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 416.45 on 31-Jul-2023 and a 52 week low of Rs. 285.85 on 20-Nov-2023. Last one week high and low of the scrip stood at R...
Adani Wilmar surges on the BSE
Adani Wilmar surges on the BSE
Source: Accord Fintech
2024-07-30 11:50:34 am
Adani Wilmar clocks highest-ever net profit at Rs 313 crore in Q1 as edible oil prices stabilise Adani Wilmar Limited on Monday posted strong profits with the highest-ever PAT of Rs 313 crore in the April-June quarter (Q1 FY25), as revenue reached Rs 14,169 crore, a 12 per cent volume growth (year-on-year).  The company clocked the highest-ever EBITDA of Rs 619 crore, up by 375 per cent YoY on the back of stability in edible oil prices. Edible oil registered a strong volume growth of 12 per cent YoY and surpassed one million MT in Q1. The Food and FMCG sales crossed Rs 1,50...
Adani Wilmar clocks highest-ever net profit at Rs 313 crore in Q1 as edible oil prices stabilise
Adani Wilmar clocks highest-ever net profit at Rs 313 crore in Q1 as edible oil prices stabilise
Source: IANS
2024-07-29 02:11:39 pm
Stock of the day : Crompton Ltd For Target Rs. 465 - Religare Broking Crompton Ltd * With buoyancy in the consumption sector, CROMPTON is offering a fresh buying opportunity. * The stock exhibits a robust price structure, with a clear uptrend observed since last 4 months. * However, to digest the gains, it witnessed some time wise correction trading sideways while holding above its short term moving average. * The price has recorded a fresh breakout from the same with noticeable surge in volumes. * We expect price to continue its uptrend from her...
Stock of the day : Crompton Ltd For Target Rs. 465 - Religare Broking
Stock of the day : Crompton Ltd For Target Rs. 465 - Religare Broking
Source: Religare Broking
2024-07-25 10:39:06 am