Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
you are here: HomeAuthor

Nandish Shah

Research Ananlyst

moneycontrol.com

Vedanta: Higher dividend payout likely to continue in the short term

BUSINESS

Vedanta: Higher dividend payout likely to continue in the short term

Vedanta is present in both ferrous and non-ferrous businesses, including oil and gas, making it highly vulnerable to commodity prices and economic cycles

Heritage Foods: What lies ahead after a soft quarter?

BUSINESS

Heritage Foods: What lies ahead after a soft quarter?

Higher contribution from value-added products and operating leverage along with price hikes will lead to recovery in earnings

Pidilite: Why we stay neutral despite raw material tailwinds

BUSINESS

Pidilite: Why we stay neutral despite raw material tailwinds

Pidilite continues to focus on volume-led profitable growth. Higher raw material prices have impacted the profitability in the last 18 months which is now likely to change

Colgate-Palmolive India: Performance continues to remain sub par

BUSINESS

Colgate-Palmolive India: Performance continues to remain sub par

The strategy from the new CEO is likely to take a longer time, given that oral-care penetration has already reached 85-88 percent.

JSW Steel: Higher debt would cap upside potential

BUSINESS

JSW Steel: Higher debt would cap upside potential

JSW Steel is a play on volumes as nearly more than 6 million tonnes of incremental capacity is likely to be commissioned in the next one year.

HUL: Royalty rate increase dampener in cautiously optimistic environment

BUSINESS

HUL: Royalty rate increase dampener in cautiously optimistic environment

Moderation in inflation, recovery in margin, sequentially, augur well for the company. Rural markets have witnessed some green shoots, and the worst is likely to be behind.

Budget 2023 expectations from consumption & retail: Cautiously optimistic, especially rural markets

BUSINESS

Budget 2023 expectations from consumption & retail: Cautiously optimistic, especially rural markets

The government is likely to prefer indirect transfer of income which creates a multiplier effect on the economy to boost consumption

Discovery Series: Will this speciality steel maker continue to outperform?

BUSINESS

Discovery Series: Will this speciality steel maker continue to outperform?

Higher demand from the domestic as well as export markets will drive growth for Vardhman Special Steels

Dabur India: Operating margin may run into stress points

BUSINESS

Dabur India: Operating margin may run into stress points

Higher dependency on rural markets has impacted Dabur India performance. Any pick-up in activity will lead to higher growth rate

Godrej Consumer Products: Building growth blocks slowly and steadily

BUSINESS

Godrej Consumer Products: Building growth blocks slowly and steadily

Broad-based recovery in home and personal care categories in domestic markets and Indonesia showing signs of recovery

Marico quarterly update: Revenue growth modest, margin recovery takes hold

BUSINESS

Marico quarterly update: Revenue growth modest, margin recovery takes hold

Saffola franchise saw healthy growth; rural markets continue to lag, which impacted value added hair oil and parachute coconut oil

Kirloskar Ferrous Industries: Earnings growth leans on cost savings, higher capacity

BUSINESS

Kirloskar Ferrous Industries: Earnings growth leans on cost savings, higher capacity

These initiatives, along with capacity expansion and merger with ISMT, will create value for shareholders

Heritage Foods: Will margins get rolling for this dairy company?

BUSINESS

Heritage Foods: Will margins get rolling for this dairy company?

Investors need to watch for growth in value-added products, given that higher profitability is likely to come from that category

Colgate-Palmolive: A case of old wine in new bottle

EARNINGS

Colgate-Palmolive: A case of old wine in new bottle

Rural markets present a good opportunity for volume growth and higher penetration while urban markets will provide premiumisation opportunity

Godrej Consumer Products: Volumes making a comeback, will margins follow?

BUSINESS

Godrej Consumer Products: Volumes making a comeback, will margins follow?

Investment in category development, focus on brand-building and growing volumes in double digits are work in progress for this FMCG major

Hindustan Unilever: The science behind its strategic investment in OZiva, Wellbeing Nutrition

BUSINESS

Hindustan Unilever: The science behind its strategic investment in OZiva, Wellbeing Nutrition

HUL has been able to develop the markets and it is successful in building the category through higher advertisement spends and distribution network

Dabur India: Rural recovery key to outperformance

BUSINESS

Dabur India: Rural recovery key to outperformance

Increasing the addressable market size, with acquisitions and by growing the home and personal care segment; margins likely to recover as raw material prices ease

Jyothy Labs: Resilient show despite headwinds

BUSINESS

Jyothy Labs: Resilient show despite headwinds

Recovery in rural India and household insecticides segment remain the key for earnings growth for this mid-sized FMCG player

CCL Products: Earnings growth on the back of capacity expansion

BUSINESS

CCL Products: Earnings growth on the back of capacity expansion

CCL is targeting more than 40 percent growth in FY23 in the domestic market on the back of higher distribution in south and north India.

Emami: Will margins recover despite a muted demand environment?

EARNINGS

Emami: Will margins recover despite a muted demand environment?

Investors need to track demand revival in the rural market. Given the higher inflation, consumption of some discretionary products remains critical

NMDC: Free cash flow, higher dividend yield to give valuation a leg-up

BUSINESS

NMDC: Free cash flow, higher dividend yield to give valuation a leg-up

Higher steel production will lead to higher iron ore consumption; domestic prices are at a steep discount to import prices.

Steel sector: Does export duty roll-back change anything for ferrous metals?

BUSINESS

Steel sector: Does export duty roll-back change anything for ferrous metals?

Exports of steel remains unprofitable given that import prices are lower than domestic prices.

FMCG: Recovery in gross margins work in progress, investment in brands to continue

BUSINESS

FMCG: Recovery in gross margins work in progress, investment in brands to continue

Investors need to keep track of the recovery in rural markets, given that almost 35-40 percent of revenue contributions come from that segment

Vesuvius India: Capacity expansion to drive earnings in the medium term

EARNINGS

Vesuvius India: Capacity expansion to drive earnings in the medium term

Vesuvius India enjoys MNC parentage and is the market leader in the refractories segment, with top steel makers as its customers and a cash-rich balance sheet