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Ideas for Profit | Hawkins Cooker: Well placed in a challenging macro environment

March 19, 2020 / 09:51 PM IST
Ideas for Profit | Hawkins Cooker: Well placed in a challenging macro environment

HDFC Asset Management Company Ltd. | The share price has risen 21 percent to Rs 2,942.7 as on June 18, 2021 from Rs 2,424.25 on June 17, 2020. Profit margin for the quarter-ended June 2017: 42 percent, June 2018 quarter: 44 percent, June 2019 quarter: 58 percent, and June 2020 quarter: 73 percent.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Hawkins Cooker managed a stronger-than-expected quarter by once again executing to its strengths. Continued traction for its product offerings across rural and urban markets aided the strong show in Q3 FY20. The company has a proven track record of growth and merits investors’ attention despite the sharp run-up in its stock price. Quarterly result highlights Revenues for the quarter rose 11 percent year-on-year (YoY) to Rs 193 crores. Gross margins benefitted from a richer product mix and easing commodity prices.  Cost control...

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