
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

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

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

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.

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.

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.

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

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

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

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

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

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

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

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

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

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

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

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

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.

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

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.

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.

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

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