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Brokerage houses are mixed in their ratings as some have downgraded the stock due to high valuations and some retained ratings. But all brokerage houses raised target prices on the stock.
Net Sales are expected to increase by 10.3 percent Y-o-Y (down 5 percent Q-o-Q) to Rs. 2,402.1 crore, according to KR Choksey.
Net Sales are expected to increase by 12.5 percent Y-o-Y (down 2 percent Q-o-Q) to Rs. 2,440 crore, according to HDFC.
Net Sales are expected to increase by 8.5 percent Y-o-Y (up 2.7 percent Q-o-Q) to Rs. 2,701.1 crore, according to KR Choksey.
Net Sales are expected to increase by 10.4 percent Y-o-Y (up 1 percent Q-o-Q) to Rs. 2,629 crore, according to HDFC Securities.
While Emami’s result was below expectations, the results of both Emami and Godrej Consumer nonetheless point to a sector-wide recovery in terms of volume growth.
Analysts may see a bit of a dent due to strength of Nature acquisition in the base, delay in dispatches due to SAP implementation and disruptions in trade channel due to 2 rounds of elections in Kenya.
The company would pass on the benefits of the GST rate cuts to consumers as applicable, although exact quantum is being worked out, said Adi Godrej, Chairman, Godrej Group.
Godrej Consumer Products posted a healthy set of earnings in Q2 with domestic volumes being the big positive. In an interview to CNBC-TV18, Vivek Gambhir, MD & CEO of the company spoke about the results and his outlook going ahead.
Expectations were running low on account of pre-GST implementation adjustments in the quarter, and overall, the Nifty earnings have not resulted in any incremental negative surprise.
In an interview to CNBC-TV18, Vivek Gambhir, MD & CEO of Godrej Consumer Products spoke about the results and his outlook for the company.
The company reported 8.70 percent decline in consolidated net profit at Rs 225.17 crore for the quarter to June due to tepid sales post GST and higher expenses.
According to Sanjiv Bhasin of IIFL there is a lot of pessimism around the third quarter earnings but he expects banks to be in a sweet spot.
Speaking to CNBC-TV18, Vivek Gambhir, MD of the company said that its soap segment is facing challenges, but is expected to normalize in 1-2 quarters.
Key factor to watch out for would be domestic volume growth that is expected to be 5-6 percent against 13 percent in same period last year.
In an interview with CNBC-TV18, Varun Lohchab gave his analysis of HUL‘s first quarter earnings and shared his outlook on the FMCG industry in general.
Net Sales are expected to up 7.4 percent Y-o-Y to Rs 2250 crore, according to Axis Securities
Speaking to CNBC-TV18‘s Priya Seth, Adi Godrej said that good monsoons will help revive rural demand and expects FY17 to be good for Godrej Agrovet.
Godrej Consumer Products Ltd declared a robust set of numbers, with profits rising 12 percent while net sales grew 7 percent.
According to CNBC-TV18 poll, revenue is seen rising 8.2 percent at Rs 2264 crore in Q4FY16 compared to Rs 2092 crore on annual basis.
The October-December quarter has not been kind to FMCG companies. And this shows in the disappointing earnings reports turned by companies in the sector.
Domestic business is expected to grow 8 percent while international operation may see 8.6 percent growth. Volumes are expected to see slight mitigation to account for Tamil Nadu floods while margins may expand owing low input costs and cost efficiencies.
Adi Godrej, Chairman at Godrej Industries, says all businesses did particularly well, especially Godrej Properties — its performance exceeded the entire previous year on topline
Godrej Consumer's MD Vivek Gambhir says rural growth has been hit by high inflation and deficient rains. But the overall impact for Godrej Consumer could be cushioned because of its geographical mix as 70 percent of sales comes from urban markets and only 30 percenty from rural markets.
Volume is also likely to grow 10-11 percent with 4 percent growth in price mix while domestic consumer business may be buoyant with 12 percent growth. International business in Q2 may see mixed cues with muted 9 percent growth. Macros are likely to adversely impact Indonesia, African operations.