BUSINESS
Varun Beverages: Is there more fizz left after the run-up?
Focus on under-penetrated markets in India and higher growth rate in international geographies to drive earnings growth
BUSINESS
ITC: Moderation in growth trajectory across cigarette, FMCG businesses
Rural market recovery and stable growth in cigarette business are seen to support ITC growth
BUSINESS
Indian Metal and Ferro Alloys: Well placed with integrated operations
Operating cash flows and receipt from coal block will aid capacity expansion
BUSINESS
Kirloskar Ferrous Industries: Capex completion, cost savings to support earnings growth
KFIL has the highest market share of pig iron, and with all the backward integration projects, it will be in a much better position, compared to peers
BUSINESS
Coal India: Higher volume offtake, marginal recovery in e-auction prices
There would be no price hike for the next 6-7 months in FSA-based supplies for the power sector while non power-based supplies might see some price hikes to recover higher wage bill
BUSINESS
NMDC: What are the upcoming tailwinds?
Debt-free balance sheet, higher operating cash flows and lower capex will lead to higher dividend payout in the medium term
BUSINESS
Steel Authority of India: One-off price revision adds strength
Higher capacity addition from large players in the near term might keep steel prices in check while coking coal prices at elevated levels will exert pressure on margins
BUSINESS
Coal India: Falling e-auction realisations play spoilsport
Higher profitability can be led by e-auction prices and volumes
BUSINESS
Hindalco Industries: All-round performance in Q2FY24
Higher earnings from Novelis and stable aluminium prices are likely to aid in earnings recovery
BUSINESS
Heritage Foods: Margin recovery in the near term
Lower milk procurement prices, higher share of value-added products will lead to earnings growth
BUSINESS
Emami: Resilient performance; winter will be a key watch
Rural recovery and a good winter will drive earnings performance
BUSINESS
Dabur India: Can investors bank on a rural recovery?
A rural market recovery will lead to higher growth for Dabur in the longer term
BUSINESS
Britannia Industries: Revenue growth remains a priority
Competition from regional, local players eating away growth
BUSINESS
Tata Steel: Europe remains a drag, India the saviour
Net debt unlikely to come down, given the capex requirement in India and Europe in the near term
BUSINESS
Tata Consumer Products: Resilient show in a tough operating environment
Foods business likely to be the engine of growth in the medium to long term
BUSINESS
Vesuvius India: Capex to drive earnings growth
Vesuvius India is the second-largest player in the refractory market, with a strong global parentage
BUSINESS
Marico: Outlook improving, recovery likely to be gradual
Foods segment likely to be engine of growth in the near term, while recovery in Parachute and VAHO will be gradual
BUSINESS
Colgate Palmolive India: Rural market recovery remains key
Advertisement spends, and higher distribution efforts across different channels will also help
BUSINESS
Nestle India: Strategy in place for sustained growth
Rurban strategy is likely to play well for Nestle, given the green shoots in rural markets
BUSINESS
Hindustan Zinc: Decline in zinc prices leads to muted show
Large dividend payouts are unlikely to repeat in FY24, given the cash and debt situation
BUSINESS
JSW Steel: Higher offtake, lower costs lead to earnings boost
Capex on track. More than 7 million tonnes will be added by the end of FY24
BUSINESS
Hindustan Unilever: Road to recovery likely to be gradual
Gradual rural recovery and softening of commodity prices to aid margin gains, to be partly offset by higher spends on advertisement
BUSINESS
Nestle India: Resilient performance across portfolio
Nestle should witness a higher growth rate, given its focus on semi-urban and rural markets.
BUSINESS
ITC: In-line performance; focus shifts back to FMCG business
Rural market recovery, steady volume growth in cigarette business will aid profitability
