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
BUSINESS
Hindalco lacks any near-term trigger
Near-term margin of Novelis to get impacted due to higher energy prices while India aluminium business will see lower cost of production for the December quarter on a sequential basis
BUSINESS
Coal India: Valuation captures most of the positives
Cooling of international coal prices in the last few months will lead to lower e-auction premium while higher dividend yield continue to remain the only draw
BUSINESS
Britannia: Is this cookie crispy enough for investors?
Moderation in raw material prices and higher volume growth is what investors need to keep watch on, going forward
BUSINESS
Marico on the path to recovery in core categories
Investors need to keep a close watch on the foods and premium personal care businesses as they will be the next engine of growth
EARNINGS
Varun Beverages: Energy drink Sting adds zing to earnings growth
Focusing on under-penetrated markets, higher distribution reach, and investment in retail outlets by providing refrigeration will drive revenues and earnings growth
BUSINESS
Tata Steel: Improvement in margins likely for December 2022 quarter
Investors need to watch out for the reduction in debt levels and pick-up in volumes as incremental capacities start coming in
BUSINESS
Nestle India: Q2 cheers with an eye on margin expansion
Nestle is well placed to expand its margins, given the categories where it is present. With commodity prices softening, sequential improvement can be expected from the December 2022 quarter
BUSINESS
Discovery series: This micro cap idea is set to ride the CV cycle
This stock is well placed on the back of an upturn in CV cycle, higher export demand and improvement in EBITDA
EARNINGS
Varun Beverages: Does it have the fizz for investors?
Capacity expansion in the near term, higher distribution and penetrating under developed markets will led to higher earnings growth for VBL in the medium to long term
EARNINGS
Dabur India: Are margins ready for a take-off?
Revival in rural India one of the most critical things to watch out for in the case of Dabur as the dependency is quite high
EARNINGS
GCPL | FMCG earnings update: Operating profitability to recover in H2FY23
Investors need to watch out for rural recovery as some of the categories like coconut and value-added hair oils have seen a slowdown in growth. Personal care categories have registered higher value growth as raw material prices were passed on to consumers.
BUSINESS
How does the road look for oil and coal prices?
Crude oil price has multiple upside risk factors and a single downside risk of a severe demand-destroying recession. Coal is a sweet spot currently with higher demand from the European region
BUSINESS
Kirloskar Ferrous Industries: On the path to higher earnings
Cost-saving initiatives, along with capacity expansion in castings and pig iron, will lead to higher profitability. The recovery path for ISMT is likely to be longer, given the various initiatives
EARNINGS
Tata Steel: Implication of amalgamation for shareholders
Short-term benefits from proposed amalgamation is likely to be neutralised with the issuance of new shares of Tata Steel.
BUSINESS
Midhani: A play on higher spending in defence, space and railway
Higher revenue growth, healthy margins likely to be maintained in the near term
BUSINESS
Aluminium sector: Facing a double whammy
September quarter results for aluminium majors likely to be impacted by lower prices, higher energy costs
