Incentive hikes, credit period extension among steps taken to support them during corona crisis
Trading at 77x, its trailing 12-month net profit against industry average of about 43x
Leaning in on nostalgia and its long-standing relationship with customers, the legacy brand strives to be seen and heard amidst a lockdown
According to Nielsen, panic buying of food items and hygiene products has pushed up growth rates of food and non-food categories by 300 and 400 basis points respectively.
Ajanta Pharma's stock has seen a fresh breakout from the trading range of roughly 1350-1480 levels
According to experts, discretionary businesses like food services and jewellery continue to have a greater presence in urban areas versus rural areas, where consumption slowdown has been pronounced.
Terming it as "incremental budget", Dabur India CEO Mohit Malhotra said the government continues to focus on farmers' income and is offering significant sops at the lower end of the spectrum
The management, however, said the near-term outlook for demand growth remains challenging with most key categories reporting a steady decline in value and volume growth.
Topline up 7% led by 5.6% rise in volumes on faster rural sales, while pre-tax profit up over 9%
Focus on power brands and rural expansion augur well for the stock, trading at 43 times its FY21 estimated earnings
The firm's PBT declined from Rs 473.7 crore last year to Rs 461.8 crore.
The net profit was impacted by one-time impairment in value of investments to the tune of Rs 40 crore
Consolidated net profit grew 7 per cent at Rs 403 crore as against Rs 377 crore in the year-ago quarter.
Weekly Technical Recommendations by Religare Broking Ltd.
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Consolidated revenue grew 9.3 per cent for the quarter to Rs 2,273 crore, up from Rs 2,081 crore a year ago
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Though revenue rose by 4.7 per cent, net profit declined during the January-March period
Dabur's total expense was Rs 1,729.59 crore as against Rs 1,603.56 crore a year ago, up 7.85%
Long-term prospects, however, remain intact despite slowing demand