United Spirits - UNSP Annual Report Analysis @dmuthuk (1/n) *Strategy re-shape in FY22:* During FY22, UNSP reshaped its strategy on three broad pillars: Portfolio re-shape (strategic review of popular brands), Be an Organization of the Future (digital acceleration) & Diageo in society (ESG commitment in line with its global parent). (2/n)

#HDFCLife (HDFLife) at #AshwamedhIndiaConclave organised by #ElaraSecurities

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@dmuthuk

1 Easing business conditions: With opening up of the economy and increased movement across the country following the easing of lockdown measures, the on-the-ground situation for the company looks positive. Business activity is improving MoM.

2

#ITC at #AshwamedhIndiaConclave organised by #ElaraSecurities

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@dmuthuk

1 During COVID Wave II, the cigarettes industry was affected by severe restrictions on store operating hours & reduced mobility; hence, May was much affected. Post first week of June, week-on-week demand has improved and the recovery rate is faster than that during last year.

2

#ITC

ITC Q122 result update

Source : Jefferies
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@dmuthuk

(1/n) The pandemic-related disruption impacted most consumer companies but weighed heavily on ITC which reported a sharp earning decline in FY21. ITC enjoys low base benefit but 1Q performance has been sharply ahead led by cigarettes (& paperboards); FMCG EBIT was also ahead.
(2/n)

#RaghunandanKamath: The IceCream man
Story of Naturals Ice Cream - From 1 small store in suburbs of Mumbai, Financial capital of India, to more than 125 parlours across India
#RaghunathKamath #Naturals #MillionDollarMinds
Time for a thread
@Naturalicecream #TasteTheOriginal
(1) There are a few brands that have revolutionized different industries in India over the years, be it in terms of quality, supply, or in terms of variety. They have given cold feet to their competitors, have brought in challenges, and simultaneously made a name for themselves.
(2)

#ITC

How ITC is churning value from its highly commoditised agri business division

Source : Business Today

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@dmuthuk @ITCCorpCom

(1/n) Around 20% of agri business division's revenue in FY21 came from its value-added business.
2.

#UnitedSpirits (UNSP)

Management ConCall held on 24 May 2021 after 4QFY21 - Key Takeaways

Source - Yes Securities

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@dmuthuk

https://twitter.com/mlndollarminds/status/1396033996820078593?s=21

(1/n) Management Update – Hina Nagarajan will take charge as New MD & CEO from 1st July 2021. Prior to this, she was MD at Africa regional markets at Diageo, 30 years of experience in CPG businesses & worked with various organizations like Nestle, RB, Mary Kay India.
·

2/n

#UnitedSpirits (UNSP)

4QFY21 Result - First Cut from #GoldmanSachs

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@dmuthuk (1/n) UNSP reported 4QFY21 of 12% y/y revenue growth

Reported EBITDA growth of 52% y/y due to lower ad spend and lower employee cost

2/n

#titan 4QFY21 - Concall Highlights . @dmuthuk (1/n)

https://twitter.com/mlndollarminds/status/1387796712291409926

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)

#Titan

4QFY21 Result - First Cut

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@dmuthuk

(1/n) Standalone Revenue increased by 61.1% YoY to INR 71.3bn. (Consensus Estimate : 70bn)

2/n

Diageo-Backed United Spirit May Sell Mass (popular) Brands
 
#UnitedSpirits (#UNSP)

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@dmuthuk @Kiran24Rajput

(1/n) UNSP, a unit of drinks major Diageo, has tasked investment bank Morgan Stanley to find potential buyers for select “popular” mass-priced brands as it looks to take on French rival Pernord Ricard and adopt a premiumisation strategy

2/n

#TITAN at a webinar organised by Kotak Securities

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@dmuthuk

(1/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)

#HDFCLife at a webinar organised by Kotak Securities

Time for thread 👇🏻👇🏻👇🏻

@dmuthuk

@Kiran24Rajput

(1/n) 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)

#TataSons -

N CHANDRASEKARAN:

2020-2030: DECADE OF TRANSFORMATION FOR INDIA AND THE TATA GROUP
Courtesy - #kotakSecurities
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(1/n) Over next decade, Group’s vision is to ensure digital transformation for each of its companies – 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)

#ITC - SANJIV PURI: Chairman and Managing Director at a webinar organised by Kotak Securities

Key takeaways from his address

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@dmuthuk (1/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)

#Nestle - Analyst meet key takeaways @NestleIndia

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@dmuthuk

(1/n) Rural India will witness increased focus, aims to increase distribution to ~120,000 villages from 89,288 currently (2/n)

#ITC - business update

3QFY21

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@dmuthuk

(1/n) Revenue was flat yoy at Rs117.8 bn. EBITDA declined 7% yoy to Rs42.8 bn.

(2/n)

#NationalStockExchange #NSE #UnListedIndianCompany

3QFY21

Key Highlights

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@dmuthuk

(1/n) NSE has shown a robust revenue growth of 46% YoY for the first 9MFY21. It has clocked revenue of 4237 Crores in the first 9MFY21 as compared to 2886 Crores in the same period last year.

(2/n)

#HDFCLife - Key ConCall highlights post Q3FY21

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@dmuthuk

@Kiran24Rajput

(1/n) Business Update: Witnessing improving customer confidence reflected in new business trends in individual as well as group credit protect business. Continue to see improved pickup in savings business due increased volume as well as ticket size.
Š
(2/n)

#HDFCLife - Q3FY21 - First cut

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@dmuthuk

@Kiran24Rajput

(1/n) HDFC Life has reported New business APE of Rs. 21,570 mn, growing 18% YoY & 1.1% QoQ.

(2/n)

Yogesh Mehta from Yield Maximisers on #ITC. He believes the stock could be valued at 35-40x PE in next 3-4 years.

Source - Economic Times

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@dmuthuk

@Kiran24Rajput

(1/n) ITCs balance sheet is distributed 45-55 between cigarette and the non cigarette business.

(2/n)