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
Ideas for Profit: Asian Paints posts strong Q1 but premium valuation tempers our excitement
We maintain a cautious view on the stock as current valuations offer limited upside considering Asian Paints' trading multiples are near to consumer sector leaders
BUSINESS
Ideas for Profit: Strong Q1 reinforces our faith in Havells' business execution, accumulate on dips
New product launches and deeper market penetration leading to an increase in market share drove growth in the consumer durables segment
BUSINESS
Ideas for Profit: UltraTech posts healthy volume growth in Q1, accumulate on dips
Exit prices at June-end was higher than the quarterly average. Higher exit prices should support realisations ahead of a weak monsoon season.
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
Avanti Feeds, Apex Frozen Foods & Waterbase: The good days seem to be over
FY18 turned out to be an exceptional year for shrimp exporters as the companies benefited from slight pick-up in realisations as well as benign raw material prices.
COMPANIES
Large cap cement pack – where should you put your money?
The industry is looking forward to better capacity utilisation this year, as the demand environment, led by a pick-up in infrastructure and housing, is expected to remain buoyant.
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
Outlook positive on Indian tile industry, watch out for Asian Granito
While Asian Granito is focusing on increasing its retail presence, Kajaria and Somany are gradually diversifying their business by foraying into sanitaryware and bathware segments
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.
BUSINESS
TCI Express: Moving in the fast lane
Aided by industry tailwinds and increased economic activity, the managements expects FY19 topline to increase around 20%
