BUSINESS
Price erosion in LED: Here’s how it can impact consumer durable majors
While the volumes will continue to grow at a healthy pace due to shorter replacement cycles (reduction in warranty period) and deeper market penetration, the margins will certainly suffer on account of reduction in selling prices.
BUSINESS
Plastics Pipes Q1 review: Growing at a steady pace; accumulate Finolex Industries
Finolex Industries will continue to grow at a steady pace for the next couple of years as the management is seeing strong traction in high margin CPVC business, which registered 70 percent volume growth in Q1 FY19
BUSINESS
Midcap cement Q1 review: Volumes showing strong uptrend; Prefer Ramco
With increasing capacity utilisation across regions, cement prices are expected to firm up after the monsoons and should aid margin recovery, which appears to have bottomed out
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
Ideas for Profit: Which logistics plays should you bet on?
Both these companies trade at rich valuations given the high growth prospects in light of sector opportunities: GST, e-way bill and axle norms
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
TCI and TCI Express: Earnings momentum to continue
We remain optimistic on the earnings growth of both these companies and expect them to deliver strong growth over the next couple of years
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
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.
