ICE CREAM BUSINESS
Don't be afraid to be bullish, just a bit of hard work and a pinch of patience: 4 smallcap stocks for long term investors
Given how nifty and sensex are moving and market breadth is panning out, it is very likely that we are soon going to enter a phase, where the desire to own small caps would come in the category of “highest”. Another side of the story, when that happens, what will get ignored is that “risks” are also at the highest when bulls are controlling the small cap segment. For all those who still want to take exposure to them, in such times, it would be better to be cautious in selecting the stocks, better to go with buying in smaller quantities and buy stocks where the underlying business has good macro fundamentals. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".
Don't be afraid to be bullish, just a bit of hard work and a pinch of patience: 4 smallcap stocks for long term investors
Given how nifty and sensex are moving and market breadth is panning out, it is very likely that we are soon going to enter a phase, where the desire to own small caps would come in the category of “highest”. Another side of the story, when that happens, what will get ignored is that “risks” are also at the highest when bulls are controlling the small cap segment. For all those who still want to take exposure to them, in such times, it would be better to be cautious in selecting the stocks, better to go with buying in smaller quantities and buy stocks where the underlying business has good macro fundamentals. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".
Go Zero secures $1.5 mn follow-on pre-Series A funding, grows 4x in one year
Founded by Kiran Shah, Go Zero has a diversified product portfolio featuring low-calorie, high-protein and vegan ice creams.
Finger in ice cream, mouse in Hershey's: How and where to file complaint against these incidents
Dining out or ordering in is common today, but recent incidents have raised serious food safety concerns. Cases include a human finger in ice cream, a dead mouse in Hershey's syrup, and a lizard in soup. Proper proof, like photos, is crucial for complaints. Report issues through food delivery apps, FSSAI's portal, or the consumer forum to ensure prompt action.
Ice cream brand Hocco secures Rs 100 crore, valuation hits Rs 600 crore
Ahmedabad's Hocco has secured fresh funding of Rs 100 crore (approximately $12 million). Led by the founding Chona family and existing investor Sauce VC, the round valued Hocco at Rs 600 crore. The deal also attracted angel investors like Bollywood filmmakers Ritesh Sidhwani and Farhan Akhtar. The company projects revenue to reach Rs 200 crore by March 2025.
VC funds take a shine to new gen’s D2C brands
Direct-to-customer (D2C) startups founded by scions of traditional business families are raking in venture funding across sectors like food, apparel, and wellness. Investors see these entrepreneurs' deep understanding of the business and connections in the supply chain ecosystems as a recipe for modernising legacy businesses.
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Silver Medal Linings: In sports, business, or elections, it is the runner-up who defines a memorable winner
Evolution has hardwired into us the idea of a winner and, by the principle of complementarity, a loser. Out of breath and hiding away from a sabre-toothed tiger, managing to grab a seat on one of those Polynesian canoes headed to Hawaii (no stops), escaping the yearning jaws of prehistoric crocodiles at a watering hole, it was either ancient cremation rites or a few extra happy years for furthering hominid genes. Not a surprise that our genes learnt to be selfish, to think of a binary of win or lose.
'Afternoon economy' cools as heat keeps customers indoors
Heatwave conditions, particularly in the North, are significantly impacting the 'afternoon economy,' affecting sales and footfalls between 12 noon and 4 pm. The scorching temperatures are leading to a decline in the availability of delivery riders, pushcart vendors, and sales workers. Businesses are experiencing disruptions in routine deliveries and working hours, prompting changes in operating hours and strategies to cope with the heat. While business activity is dampened in the afternoon, there is some compensation during the evening as people prefer to stay indoors and order in.
Uber’s hyperlocal push; Paytm Bank’s bill pay biz transferred
Happy Thursday! Ride-hailing platform Uber is strengthening its hyperlocal deliveries from neighbourhood stores. This and more in today’s ETtech Morning Dispatch.
Tactical investing in volatile times. These 5 FMCG stocks can give more than 21 % returns in one year
As volatility sees a sharp spike in markets. At this point of time it might be good to stay with sectors and stocks, where there are strong fundamentals. But they have been underperforming in bull run but at the same time and have a history of outperforming in bearish and volatile markets. Fitting this are a set of FMCG stocks where news flow and sentiment have been negative for quite some time. But as the markets get jittery and money moves from one sector to another, these stocks may outperform a bearish market. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Summer product sales surge 40-50% in April as appliance makers worry about shortages
April has been a scorching month for summer products like air-conditioners, refrigerators, air-coolers, soft drinks, and ice creams, with sales soaring 40-50%. This surge has led to concerns among appliance manufacturers about meeting demand, especially in the south and east where sales have spiked 150-200% due to ongoing heatwaves. The north, the largest market for cooling appliances, is yet to experience the full impact of the heatwave. Manufacturers warn of possible shortages in May as component planning did not anticipate such high demand, and it's challenging to expand production on short notice.
Milan is the latest European city to fight overtourism; may ban ice cream, pizzas post midnight
Milan tackles overtourism with late-night activity restrictions, while European cities like Venice and Amsterdam adopt measures such as tourist taxes, time slot systems, and new hotel development constraints to manage overwhelming tourist numbers.
State dinner for Japan attracts top figures from business, politics and even an ex-president
Ex-president Bill and Hillary Clinton, NASA Administrator Bill Nelson, Gov. Tony Evers, Kristi Yamaguchi, Robert DeNiro, Yuko Kishida, Jamie Dimon, Tim Cook, Shawn Fain, David McCall, and Paul Simon attended the White House state dinner honoring Japanese Prime Minister Fumio Kishida.
If monsoon is good, it should be good for all agri businesses: Nadir Godrej, Godrej Agrovet
Nadir Godrej is optimistic about cattle feed and aquafeed segments, emphasizing premium, efficient products with R&D results for sustainability. Muted margin performance may be affected by the hot summer, but good monsoon projections offer hope for the future. Nadir Godrej says: " because of the high quality of our feeds, we expect the margins will be quite good."
HUL may scoop out its not-so-vanilla ice-cream business
HUL exploring selling ice-cream business after making it a separate unit. Ice-cream requires unique manufacturing and distribution. Market competition includes Magnum, Amul, and Kwality. Unilever focuses on similar segments, aiming to improve gross margins.
45-50% growth in Amul’s summer product categories likely this year: MD
Amul India navigates cocoa price surge impact by passing on costs to consumers. However, as Amul is still a value for money brand, it would pinch the consumers much. Partnerships with CAMPCO aid cocoa bean producers. Expansion into the US fresh milk market and focus on ice cream and beverage SKUs drive growth expectations of 45-50%.
Kedaara acquires Ice cream maker Dairy Day
Kedaara Capital acquires majority stake in Dairy Day, a prominent ice cream brand in South India. The investment, valued at Rs 1200 crore ($150 million), provides full exit to existing investors. Dairy Day plans to expand production capacity and aims for accelerated growth with Kedaara's support.
Evaluating various future options for ice cream business in India, says HUL
The ice cream business has an inherently different business model, including a cold-chain go-to-market operating model, seasonality, and a different innovation rhythm compared to the rest of Unilever's business, the HUL spokesperson added.
Unilever plans to spin off Ice Cream business, sack 7,500 to cut costs
Unilever Plc is set to spin off its ice cream business, home to beloved brands like Ben & Jerry’s and Magnum, in a cost-cutting move that will result in 7,500 job losses. This strategic separation aims to create a more focused Unilever and a leading standalone ice cream business with robust growth prospects. CEO Hein Schumacher is steering a wider restructuring effort to drive growth, with the company targeting €800 million in cost savings over the next three years.
High temperatures expected to heat up ice-cream sales
The India Meteorological Department (IMD) has forecast summer season temperatures to be above normal this year with a greater number of heat-wave days. Leading ice-cream brands are already experiencing a surge in demand.
Jungle Ventures invests $20 million more in ice cream maker Walko in larger trend
Jungle Ventures invested $20 million in Walko Food, an ice-cream brand and quick-service restaurant company. Investors are focusing on quick capital efficiencies and centralised infrastructure in the food brand sector. Startups with food brands raised significant growth-stage fundings.
Infosys boss Narayana Murty shares ice cream with daughter Akshata at an ice-cream shop in Bengaluru, picture goes viral
Last year, the business tycoon came under much criticism after he suggested in a podcast that the Indian youth should work at least 70 hours a week so that the economy can flourish. He was severely chastised by netizens for his inhumane work schedule.
Starbucks offers half-price drinks on Thursdays for the rest of 2023
Starbucks the most popular coffee chain is now offering half-priced drinks every Thursday till the end of the year. On December 7, Dec. 14, Dec. 21, and Dec. 28, the Starbucks app will include a deal good for 50% off any drink.
One of McDonald's most iconic utensils is being discontinued
In an attempt to lessen the excessive single-use plastic of its massive spindles, which bore an uncanny resemblance to straws, the fast-food business will start serving its soft-serve ice cream delights only with a smaller black spoon. Before being served to customers, the original McFlurry spoon's hollow handle was attached to McDonald's ice cream makers to mix the delicacy. All burger restaurants in the country will use reusable spindles that can be cleaned and replaced by the end of October.
Ice-cream maker Vadilal jumps over 14% on reports that Bain Capital is weighing stake buy
According to reports, the US-based investment firm is looking to acquire a controlling stake in the combined entity of Vadilal Industries and Vadilal Enterprises. However, there is no official communication from the company.
Ice cream maker NIC raises $11 million in round led by Jungle Ventures
The fresh funds will be used to expand Walko’s production, enhance its product offerings, and broaden its distribution reach. The company also plans to invest in efficiency management systems, including enterprise resource planning software to strengthen its business operations and support growth.
Companies plan full production as summer sales hot up
As per industry estimates, sales of products like air-conditioners, refrigerators, ice-creams and beverages in these markets so far this season are up to 10% higher than the summer of 2022, which was one of the best in recent years.
Sales of summer categories back on growth curve after rain disruption
As per industry estimates, sales of products like air-conditioners, refrigerators, ice creams and beverages shot up by up to 10% in these markets over 2022 which was one of the best summers in the last few years.
Amul expects 20 pc revenue growth to Rs 66,000 cr in FY24; currently no plans to hike milk prices
In an interview with PTI, the GCMMF MD (in charge) said it had clocked a strong growth in revenue last fiscal, as demand for branded dairy products rose significantly post-COVID. "We expect the sales momentum to continue across our product portfolio. Demand is shifting from unorganised to organised players," he said.
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