BUSINESS
Britannia stock falls out of favour due to increased competition
Analysts expect Britannia to slash prices in order to drive volumes, due to which its margins are expected to be under pressure going ahead.
BUSINESS
Is Haldiram’s really worth $10 billion?
On September 6, reports suggested that Tata Consumer Products was in talks to buy a 51 percent stake in Haldiram’s but was not comfortable with the $10 billion valuation that Haldiram’s had sought. Both companies have since denied being in talks.
BUSINESS
Why the Radico Khaitan stock looks more expensive than United Spirits and how the tables will turn next year
The Magic Moments vodka and Morpheus brandy maker’s earnings and revenue are set to grow faster as compared to United Spirits on sales of premium liquor, say analysts.
BUSINESS
How brokerage calls on Kotak Mahindra Bank changed over last year
Kotak Mahindra stock valuation has fallen over the last one year but it is still more expensive than bigger rivals HDFC Bank and ICICI Bank
BUSINESS
Bullish on India | Trent to ride discretionary demand wave; online sales, new products to aid growth
The company’s revenue, retail expansion, operating profit, and like-for-like growth is the highest in the apparel sector. With long-term growth prospects intact and a strong balance sheet among retail companies, Trent is expected to capitalise on recovering discretionary consumption in India.
BUSINESS
A year of rich blends – Radico Khaitan increases focus on premium spirits to protect margins
The premium category alcohol is priced higher and offers a safety net against rising production costs, analysts said.
BUSINESS
Rising raw material prices put a lid on FMCG ad spends in last fiscal
Although ad spends were lower in actual terms, they remained steady as a percentage of revenue. But companies are slowly ramping up ad spends to pre-COVID levels and FY 24 is expected to see a jump.
BUSINESS
MC Interview: Affordable housing demand will continue to be strong: Manoj Viswanathan of Home First Finance
Demand for affordable housing is strong because it’s a segment that depends largely on urbanization and industrialization, says Manoj Viswanathan.
BUSINESS
Warren Buffett sees potential in US housing market. How about India?
Top ten Indian real estate firms by market capitalisation have given 9 -45 percent in the last year, indicating that unlike the US, there is optimism in Indian realty market
BUSINESS
Godrej Consumer posts serious slump in Raymond portfolio sales, post integration
The Park Avenue and Kamasutra brands posted net sales of Rs 48 crore in the April-to-June quarter, which was almost equal to the losses incurred by the business.
BUSINESS
ITC Preview | Net profit may rise 4.6% in Q1, cigarette volumes likely to grow 8%
The company's revenue is pegged at Rs 17,326 crore for the first quarter of FY24, marking a year-on-year increase of 14.9 percent. Sequentially, revenue is likely to decline 4.8 percent
BUSINESS
HUL, Titan, Asian Paints downgraded by brokerages, rating changed to 'hold' from 'buy'
While HUL is seeing some recovery in rural markets, Titan’s prospects don’t look exciting and Asian Paints will face challenges as competition from smaller players increase, brokerages say.
BUSINESS
Why investors are unhappy with Aditya Birla Fashion’s performance
The company’s shares have underperformed its rivals and left investors disappointed. And its plans to acquire ethnic wear brand TCNS clothing have not inspired confidence.
BUSINESS
Britannia Q1 Preview: Net profit to rise 53% to Rs 517 crore in Q1, margins to decline sequentially
Volume growth is expected to be at 4.6 percent in the April-to-June quarter, according to average estimates of six brokerage firms.
BUSINESS
How the Tata group’s mineral water brand outshone its salt business in Q1
Tata Consumer Products' NourishCo business is growing faster than other key portfolios like Tata Salt and Tata Sampann
BUSINESS
Titan Q1 Preview: Net profit may zoom 21.9%, operating margin likely to shrink
The company's revenue is estimated to be at Rs 10,723 crore in Q1FY24. This shows a 20 percent growth on a year-on-year basis and a 10.8 percent increase on a quarter-on-quarter basis.
BUSINESS
Marico expects food products to outweigh edible oils portfolio by 2027
Marico wants to reduce its dependency on edible oils as it is an extremely volatile commodity which can be unpredictable in pricing and supply.
BUSINESS
A year later Hindustan Unilever embraces volume growth over price
As prices of key commodities ease, the company expects growth to come from volumes driven by an expansion in distribution and increase in rural sales. It expects to reduce its dependence on price growth.
BUSINESS
Small players might further lower Hindustan Unilever's tea business, say analysts
Hindustan Unilever's volumes from its tea business were already low in the April-to-June quarter, now the resurgence of small and unorganised players might further impact their volumes, say analysts.
BUSINESS
Nestle India Q2 preview I Net profit to grow nearly 34% to Rs 701 crore in Q1
Average estimates of five brokerages peg revenue growth at 12 percent in the same period
BUSINESS
A close look at ITC's hotels business - Revenue, capex and brands
The company has started reducing its capex and opting for more management orders.
BUSINESS
Tata Consumer Products Preview I Net profit to grow 11.7% to Rs 331 crore in Q1
A 5 percent volume growth is expected in tea business in Q1FY24.
BUSINESS
ITC Hotels share price estimated to be at Rs 21, say analysts
Jefferies is ascribing it an EV/EBITDA multiple of 18x, which is at a discount to its target for Indian Hotels, which is a leader in the segment. However, domestic broking firms are giving ITC and Indian Hotels an equal valuation
BUSINESS
Asian Paints Q1 Preview | Net profit likely to rise 35% on lower input costs
Consolidated revenue is estimated at Rs 9341.5 crore, up 8.3 percent year-on-year and up 6.3 percent sequentially.
