TOPLINE INDUSTRIES
Earnings growth likely to be in mid-teens; overall growth trajectory remains strong: Shibani Sircar Kurian
The building materials segment, specifically tiles, has underperformed despite significant real estate growth. Typically, when real estate sales pick up, demand and volume growth in building materials follow with a lag.
Hot Stocks: Brokerage view on Stylam, Apollo Hospitals, ICICI Bank and Adani Wilmar
Investec's diversified coverage includes insights on Adani Wilmar, ICICI Bank, Apollo Hospitals, Stylam Industries, and Ratnaveer Precision Engineering, providing a comprehensive view of the market opportunities and risks.
Force Motors partners with EY Parthenon India for digital transformation program
Force Motors has partnered with EY Parthenon India to undertake a digital transformation programme aimed at boosting innovation and productivity across its value chain. The collaboration will focus on redesigning Force Motors' digital landscape, implementing advanced digital platforms, technologies, and solutions for customers, and enhancing its capabilities and security.
Stocks to buy: Bet on stocks that regularly beat analyst estimates; 5 stocks with double-digit upside
Stocks to buy: Out of 304 companies, where estimates are compiled by a minimum of three analysts through Reuters-Refinitiv, 50 stocks have consistently surpassed analysts’ net profit estimates in all four quarters of 2023-24. This group of 50 stocks has delivered an average return of 72.4% over the past year, compared to the BSE 500 index’s 38% return over the same period. This data is based on closing values as of 18 June. The article explores the five companies that have been covered by a significant number of analysts and currently offer double-digit share price potential.
Screaming value? 34 stocks with consistent earnings growth still trading below 5-year PE
34 stocks with consistent earnings growth, including Trent, are trading below 5-year PE. Axis Securities recommends buying Trent at Rs 4,800. 5 Nifty index cos, like ICICI Bank and Maruti Suzuki, are also undervalued.
Expect 13-15% earnings growth in FY-25 driven by topline growth, margin expansion: Venugopal Garre
Remember, we have not even yet seen a rate cycle decline as well, so those are the levers which come through late in the year from a support point of view for macro.
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Q2, Q3 and Q4 will be better for MAN Industries: Ramesh Chandra Mansukhani
Ramesh Chandra Mansukhani, Chairman of MAN Industries, outlines ambitious growth plans for FY25 and FY26, including expansion in Saudi Arabia and the development of high-margin hydrogen pipes. The company's focus on exports and value-added products is set to propel its revenue and profit growth. He says, India will be a very promising market in coming days.
Viacom18, Star India move CCI for merger approval
Viacom18 and Star India have sought CCI approval for their merger deal, assuring minimal competition impact in India. The merger deal may face intense CCI scrutiny since the combine will dominate both the TV broadcasting and streaming markets in the country with over 100 TV channels and two streaming platforms — JioCinema and Disney+ Hotstar.
Page Industries Q4 Results: Firm misses earnings estimates on high inventory costs, muted demand
The company reported an inventory cost of 364.6 million rupees, compared to a negative 1.83 billion rupees in inventory value a year ago.
JK Tyre Q4 Results: Net profit zooms 54% YoY to Rs 172 crore
JK Tyre & Industries on Tuesday said its consolidated net profit increased 54 per cent to Rs 172 crore for the fourth quarter ended March 31, 2024, on account of higher sales. The tyre maker had reported a net profit of Rs 112 crore in the year-ago period.
Accumulate Fine Organic Industries, target price Rs 4,779: Prabhudas Lilladher
All the plants of the company are running at optimal capacity as per the management, except the Patalganga plant which will take another 2-4 years to achieve peak utilization. FINEORG is currently trading at 35x FY25E EPS. We expect EPS of Rs140 in FY26.
IHCl aiming for double digit topline growth this fiscal: IHCL MD and CEO Puneet Chhatwal
IHCL aims for double-digit growth, plans 25-30 hotel openings this fiscal. It will launch hotels overseas but focus on India. Chhatwal, MD and CEO, says FY2025 will be a 'breakthrough year' for international expansion, with a primary focus on the Indian subcontinent. The branded hotel supply in India is expected to grow fivefold in the next 7-10 years. IHCL reported a 29% rise in net profit for Q4 FY2024. It will introduce a re-imagined Gateway hotel offering in the upscale segment, targeting growth opportunities in emerging micro markets.
Q4 results today: Tata Consumer, ICICI Pru among 15 companies to declare earnings
Q4 results today: On Tuesday, approximately 15 companies are scheduled to announce their quarterly performance. Among these, investors will pay particularly close attention to Tata Consumer, ICICI Pru, Cyient DLM, MCX, and others.
Infosys to acquire engineering R&D services provider in-tech for $480 million
Infosys said in a statement that this investment will help strengthen Infosys’ engineering R&D capabilities and will help global clients to navigate their digital engineering journey.
Stationery stocks jump up to 5% after Nuvama initiates coverage
DOMS rose nearly 5% to Rs 1,800 while Flair added 3% to Rs 301. The brokerage firm values DOMS at 50x FY26 EPS and Flair at 24x FY26 EPS.
Grasim's Birla Pivot crosses Rs 1,000 cr revenue mark in 1st year of ops, aims to cross $1 bn in next 3 years
Birla Pivot, by Aditya Birla Group, achieves Rs. 1,000 crore revenue within a year, serving diverse customers with a wide product range. It aims to tackle industry challenges and hit $1 billion revenue in 3 years.
RIL shares jump over 2% after Goldman Sachs raises target price, reiterates buy
The global brokerage sees 17% CAGR growth in the company's EBITDA over FY 2024-27 with capex at its peak and inflecting returns. Goldman Sachs noted that RIL's capex is peaking in longer gestation capex businesses.
CK Birla-promoted HIL acquires pipes brand Topline for Rs 265 crore
HIL Limited acquires Topline brand and four associated companies, expanding their presence in the PVC pipes segment. The acquisition nearly doubles their SKU offerings and provides access to patented technologies. It enhances their brand, presence in government projects, and strengthens their position in the Indian market.
JV deal with Reliance Industries will help Disney derisk in India: Bob Iger
Mounting losses from the Indian sports business and the decline in Disney+ Hotstar's subscribers due to the loss of the Indian Premier League (IPL) digital rights had compelled Disney to consider strategic options for its India business. RIL's Viacom18 will merge into Disney's Star India to create an $8.5 billion media entity. Viacom18 is valued at $4 billion, while Star India is valued between $3-3.5 billion.
A mini industry spawns under the hood of a booming car market
India's car market is booming, with passenger vehicle sales and the used car market both experiencing significant growth. The used car market is expected to reach $100 billion by 2034, driven by demand in metropolitan cities and the digitization of the business.
Britannia explores JVs to enter high-margin categories such as chocolates, fresh dairy and salty snacks
"Chocolates is a big market but difficult to penetrate and therefore, it will only be through a JV if and when it is possible," he said. "We are present in multiple categories and want to get them larger before going to others. The go-to-market strategy with the help of Bain will help identify blank spaces more precisely to ensure improved distribution of its products across markets," Varun Berry, vice-chairman and MD, said.
RIL, Disney announce a big, fat Indian wedding
Walt Disney's Star India will merge with Reliance Industries' Viacom18 to create India's biggest media and entertainment business valued at $8.5 billion. Mukesh Ambani and Bob Iger will lead the merged entity. The venture will have exclusive rights to distribute Disney films and productions in India.
Q3 results today: Hindalco Industries, BHEL, IRCTC among 500 companies to announce earnings
On Monday, over 299 companies announced their December quarter earnings which included the likes of NHPC, Coal India, 63 Moons Technologies, Allcargo Logistics, Balmer Lawrie Investments and Galaxy Surfactants.
Hurun India 500: Industrial products lead new entrants, financial sector close behind
The list is compiled according to market capitalization for listed companies and valuations for non listed companies. The threshold to qualify for the list is Rs. 6,700 crore, up by 13% since last year.
Organised food & grocery retailers topline seen clipping at 14-15 per cent next fiscal
Brick-and-mortar food and grocery retailers are expected to achieve a revenue growth of 14-15% in the next fiscal year, driven by robust demand from small towns, despite increasing competition from e-commerce platforms, according to a report by Crisil Ratings. Last year, the segment witnessed a record 30% growth, and the projected growth indicates three consecutive years of strong performance.
Fintechs queue up for card distribution business to lift topline
Two people in the know told ET that while Cred has already started distributing Axis Bank credit cards through its platform, Walmart-backed PhonePe is in the process of partnering with Axis Bank for the same.
FMCG Q2 Preview: HUL, ITC, others may see moderate topline growth, but profitability to improve
Godrej Consumer Products said that its consolidated sales are likely to see low single-digit growth, with volume growth as well in mid-single digits because of "weak macros and adverse weather conditions".
Coffee Day revenues jump 59% to Rs 924 crore in 2022-23, debt drops
Cafe market witnessing healthy growth in urban areas, says chairman Ranganath
Robust top-line growth, resilient operating margins in extremely volatile, inflationary environment: USL MD Hina Nagarajan
The company, however, said the performance was strong after numbers are rebased to account for Pioneer Distilleries merger and adjusted for slump sale and franchising of the reviewed popular portfolio for a like for like comparison.
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