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Snacking plays: Robust sales growth a highlight, prefer Prataap Snacks

December 27, 2019 / 07:18 PM IST
Snacking plays: Robust sales growth a highlight, prefer Prataap Snacks

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

Highlights - DFM Foods and Prataap Snacks – Strong sequential growth - DFM Foods – Steady growth backed by new launches and focus on North India - Prataap Snacks – Growth aided by sweets snacks & traction in Avadh snacks - Prefer Prataap Snacks due to an improving product mix, expansion and reach Major listed snacks/namkeen product companies DFM Foods and Prataap Snacks appear to be escaping the consumption slowdown with low double-digit sales growth. Sequential improvement, capacity expansion and new launches drew investor attention to this segment which...

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