Cimb Equities

Varun Lohchab, Head-India Research at CIMB Equities has a sell rating on HUL with a revised target price of Rs 740.

Buy ITC, advises Varun Lohchab

Varun Lohchab, Head-India Research at CIMB Equities has a buy rating on ITC.

Worst over for ITC, earnings, volume to improve: CIMB

Lohchab is of the view that advertising and promotional spends will continue to rise due to increasing competition and lower demand.

HUL FY16 volume growth unlikely to exceed 6-7%: CIMB

Varun Lohchab of CIMB Equities maintains a reduce or sell rating on HUL with target price at Rs 750 per share on expensive valuations.

See sluggish topline growth for FMCG cos in Q4: CIMB

Varun Lohchab of CIMB Equities expects ITC to post double digit volume decline in cigarettes. He also does not expect volume upticks for companies like Dabur, Colgate and Marico. But, according to him, HUL can post 3-4 percent volume growth.

CIMB downgrades HUL; sees FY16 volume growth around 7%

CIMB downgraded other select consumer staples because according to him the recovery in terms of volume growth for HUL and others would be longer than expected.

ITC remains attractive; will hold on to stock: CIMB

CIMB retains hold on Marico, Jubilant Food, Britannia and Colgate

Prefer Marico, Britannia Industries: Varun Lohchab

Varun Lohchab, Regional Head of Consumer at CIMB Equities prefers Marico and Britannia Industries.

Buy Jubilant Foodworks, says Varun Lohchab

According to Varun Lohchab, Regional Head of Consumer at CIMB Equities, one may buy Jubilant Foodworks.

Sell Godrej Consumer Products, says Varun Lohchab

Varun Lohchab, Regional Head of Consumer at CIMB Equities advises selling Godrej Consumer Products.

Underweight on consumers; bet on Britannia, Marico: CIMB

Varun Lohchab, Regional Head of Consumer, CIMB Equities is not enthused by the volume growth reported in Q2 results by Emami. He finds the valuations of the stock expensive.

Maintain reduce rating for USL with target at Rs 2230: CIMB

CIMB is expecting a contraction in the margins of the company going ahead and does not see any significant improvement over the next two-three years.

Expect significant downgrade on United Spirits: CIMB

Given the lack of clarity in terms of core earnings, CIMB Equities has a reduced rating on USL after having a negative rating on the stock since 8 months.

CIMB sees downside risk to Asian Paints' volume growth

CIMB Equities was already negative on the Asian Paints stock and continues to maintain a reduce rating. It has cut back earnings estimate by 6-7 percent with target price of Rs 475.

Hold Emami, target of Rs 510: Varun Lohchab

Varun Lohchab, Regional Head of Consumer at CIMB Equities suggests holding Emami for a target Rs 510.

Reduce Asian Paints, target of Rs 475: Varun Lohchab

Varun Lohchab, Regional Head of Consumer at CIMB Equities has maintained its reduce rating on Asian Paints with a target price of Rs 475.

Bullish on United Spirits, Jubilant Foodworks & ITC: CIMB

Varun Lohchab, Regional Head of Consumer, CIMB Equities believes it has been a tough year for consumption especially urban consumption and hopes that the year ends on a high.