BUSINESS
Tile manufactures Q1 review: Prefer Asian Granito for the long term
Asian Granito has been consistently delivering industry-leading double-digit volume growth for the past few quarters. It continues to expand its retail footprint in an aggressive manner and is focusing on value-added products to enhance margins
BUSINESS
Berger Paints Q1 review: Strong performance across business segments
Valuations seem to factor in near term positives and offers limited upside from current levels
BUSINESS
VRL Logistics – Quarterly performance impacted by high fuel costs
The company has started technology integration in its fleet with an aim to bring in operating efficiencies.
BUSINESS
Cera Sanitaryware: Decent Q1 in a subdued market, accumulate
The management expects 15-18% revenue growth in FY19, led by double-digit growth in faucets and tiles.
BUSINESS
Dalmia Bharat Q1: Third consecutive quarter of double-digit volume growth
Dalmia Cement delivered a third consecutive quarter of double-digit volume growth and remains our preferred pick in the sector. We expect it to outperform its peers in the largecap cement space
BUSINESS
Sanghi Industries: Weak earnings visibility for the next two quarters
We feel any weakness in the stock price from current levels (due to earnings weakness or index movements) should be capitalised for long term investments as the company is the lowest cost producer
BUSINESS
Pidilite Industries: Volume growth intact, margin pressures to persist
The company trades at rich valuations on account of its strong market leadership position and high brand recall.
BUSINESS
V-Guard Q1 review: Product launches, expansion in newer markets to drive growth
The company is expected to benefit from the increasing penetration of consumer durables as well its own brand revamp strategy
BUSINESS
Crompton Greaves Consumer Electricals Q1 review – New product launches aid growth
Crompton is continuously working on product innovation, diversification and premiumisation and also gaining market share across segments and products.
BUSINESS
Q1 earnings review: Which cement stock to buy now
With a pick-up in infrastructure development activities, overall demand is expected to remain firm. Government spending on infrastructure, along with affordable housing schemes, should propel cement industry growth to 7-8 percent in the current fiscal
BUSINESS
Concor: Steady Q1 aided by volume growth
The management has maintained its volume and revenue growth guidance of 10-12 percent for FY19
BUSINESS
ACC and Ambuja Cements result review: Healthy volume growth and operational performance
We prefer Ambuja over ACC as the latter has a higher fixed cost structure and lags much behind its peers in terms of operating margins.
BUSINESS
Kajaria Ceramics Q1 review: Expect revival in couple of quarters
We feel the margins would bottom out in the next one to two quarters as the upward movement of gas prices as well the price erosion of the glazed vitrified tiles appears to have halted.
BUSINESS
Cera Sanitaryware annual report review: Resilient business, accumulate
With the launch of two new brands Cera has expanded its portfolio across multiple segments
BUSINESS
Amid midcap carnage, these 3 companies posted stellar earnings in Q1
Investors need to be mindful of volatility in the midcap space and should capitalise on the weakness
BUSINESS
Annual report review: Here’s how Havells is leveraging tech to be more consumer focussed
The management has stepped up its investments in IT infrastructure. It has completed more than 200 IT projects in the past 2 years to bring in business efficiencies across departments.
BUSINESS
Navkar Corporation: Vapi terminal to be a game changer
With majority of the capital expenditure behind it, improving free cash flows will help it de-leverage the balance sheet and and push return ratios into double-digits
BUSINESS
ACC–JPA cement deal: Does the acquisition makes sense?
Besides gaining market presence, the deal should help ACC gain economies of scale
BUSINESS
Plastics pipes: Multiple growth levers
From a valuation standpoint, Astral Poly Technik trades at premium valuation given its business moat, strong business fundamentals and historic track record
BUSINESS
Cera among top picks in sanitaryware segment for long-term investors
The sectoral outlook for FY19 looks positive as revival in new construction activity (post the implementation of RERA) is expected to spur the demand for building products
BUSINESS
Prefer VRL Logistics to Allcargo, accumulate on dips
We expect VRL Logistics to be a steady compounder over the next few years and therefore advise long term investors to accumulate the stock on dips
MONEYCONTROL-RESEARCH
4 consumer durable stocks to bet on for the long term
The consumer durable market offers immense growth potential as penetration levels of even the most basic electronic goods are in low double-digits
BUSINESS
Prefer Heidelberg, Sanghi Industries from midcap cement pack
We feel the competitive pressure will continue to remain high in the northern and western regions. However, the companies with strong presence in east, central and south (specifically Andhra and Telangana) region will benefit from an improved demand environment in these geographies.
BUSINESS
Berger Paints: Near term positives priced in, upside limited
The management is optimistic on demand in FY19 and remains confident that the recent price hikes will ease off margin pressures.
