Consolidated Revenue +59% YoY to Rs 74940mn
EBIDTA +33% YoY to Rs 8170mn || EBIDTA margins 10.9% v/s 13% YoY
(Jewellery business has lower gross margins+ some one offs including lower studded share, sale bullion and higher gold coin sale impacted gross margins further) (2/n)
PBT +43% YoY to Rs 7300mn
PAT +66% YoY to Rs 5680mn (mainly on a/c of lower YoY tax rate at 22.2% v/s 32.6% YoY) (3/n)
UNSP, a unit of drinks major Diageo, has tasked investment bank Morgan Stanley to find potential buyers for select βpopularβ mass-priced brands as it looks to take on French rival Pernord Ricard and adopt a premiumisation strategy
2/n
For the year ended 31 March 2020, UNSPs "prestige and above" segment represented 65% of its total net sales and 51% of total sales volume.
3/n
Smaller players facing credit challenges. A few of the smaller jewelry players are seeing some stress in terms of bank limits, which has not increased for them commensurate to the gold price increase. Nevertheless, several players have done well in 3QFY21.
(2/n)
Recent demand trends. Geographically, South saw the strongest growth, led by the state of Tamil Nadu. The West market (mainly Mumbai and Pune) was impacted the most. Delhi too was impacted but has largely bounced back.
Balanced product mix helped HDFC Life fare better than industry average in 9MFY21. The company increased its market share in individual APE by >210 bps in 9mFy21.
(2/n)
Usually, most companies have a diversified product bouquet but focus on select product segments only. However, HDFC Life has enabled its feet-on-street to switch between product classes.
2020-2030: DECADE OF TRANSFORMATION FOR INDIA AND THE TATA GROUP
Courtesy - #kotakSecurities
Time for thread ππ»ππ»ππ»
(1/n)
Over next decade, Groupβs vision is to ensure digital transformation for each of its companies β whether engaged in capital-intensive B2B or niche B2C. Other new initiatives include: digital app where work is on in full swing and making a transformation to EVs in Tata Motor.
(2)
Tata Steel. Indian steel business generates significant financial returns, but European business is lagging. European steel also had a lot of leverage, but recent initiatives will ensure that it will not impact Tata Steelβs overall outlook. (3/n)
FMCG business: setting up for the long-haul. ITC highlighted the sharp margin improvement witnessed over recent quarters, underlining aspirations to achieve industry- leading profitability in the FMCG business.
(2/n)
*FMCG contd*: The company has pushed ahead on the strategic imperative to focus on low penetration/low per capita consumption categories which offer long-term growth runways.