Entrepreneur. A bibliophile with passion to write inspirational stories on selfmade millionaires.
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Aug 30, 2022 • 8 tweets • 2 min read
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)
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.
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.
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.
Jul 23, 2021 • 23 tweets • 6 min read
#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
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.
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.
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)
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
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.
Feb 27, 2021 • 16 tweets • 3 min read
#HDFCLife at a webinar organised by Kotak Securities
2020-2030: DECADE OF TRANSFORMATION FOR INDIA AND THE TATA GROUP
Courtesy - #kotakSecurities
Time for thread 👇🏻👇🏻👇🏻
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.
Feb 27, 2021 • 14 tweets • 3 min read
#ITC - SANJIV PURI: Chairman and Managing Director at a webinar organised by Kotak Securities
Key takeaways from his address
Time for thread 👇🏻👇🏻👇🏻
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.
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.