Research Reports published by IDBI CAPITAL

Name: Latest research reports of Dabur India Ltd. authored by IDBI Capital and published by - Trendlyne research reports.
Item: Dabur India Ltd.
Rating: 5
Author: IDBI Capital

Latest research reports published by idbi capital

Dabur India Ltd.

04 Aug 2021

544.60

4.00%

Dabur India: Q1FY22 Result Review

Buy: Dabur India Ltd.

Recommendation Target

IDBI Capital

Market share gain across categories drive high double digit revenue growth Consolidated revenue grew 32%YoY (v/s -13%YoY in Q1FY21) driven by 35%YoY growth in India FMCG business (+34%YoY volume growth) while International business grew 28%YoY (+34% CC growth). Growth in Health Care remained strong at 30%YoY (vs 29%YoY in 1QFY21) driven by market share gains in Chyawanprash, Pudin Hara and Hajmola. Foods portfolio recorded strong business recovery (+80%YoY) driven by 85% YoY revenue growth in Beverages (Real gained 20bp market share) and 18%YoY growth in Culinary segments. Revenue from HPC grew 26% YoY driven by...

Dabur India Ltd. is trading at high day volume of 9.0M.

Finolex Industries Ltd.

03 Aug 2021

217.01

1.40%

Finolex Industries: Q1FY22 Result Review

Hold: Finolex Industries Ltd.

Target

IDBI Capital

Sharp increase in realization aided net sales growth FIL's blended sales volume increased by 8% YoY to 106,068MT. Pipes volume grew by 5.5% YoY to 55,819MT, while PVC volume was up by 10.6% to 50,249MT. NSR further strengthened in both PVC and pipes segment by 92.7%/58.1% respectively over Q1FY21. Though raw material prices saw some softness in the beginning of Q1FY22, prices are again on uptrend and may touch a level of USD 1,300-1,400 by December, 2021. Pipes segment will remain subdued due to seasonal weakness in demand;...

Finolex Industries Ltd. has gained 27.06% in the last 6 Months

Britannia Industries Ltd.

03 Aug 2021

5891.50

0.77%

Britannia Industries: Q1FY22 Result Review

Buy: Britannia Industries Ltd.

Target

IDBI Capital

Demand in domestic business remained resilient; gained market share Consolidated revenue declined 0.5%YoY (while up 9%QoQ) supported by 0.5%YoY growth in domestic business driven by market share gain. Revenue from subsidiaries (consolidated less standalone) declined 17%YoY (-6% QoQ). Export business got impacted due to container availability issues. In international markets; revenue from Nepal grew +26%YoY driven by market share gain. In Middle East BRIT has revamped distribution by on-boarding a new distribution partner. Inflationary raw material impacts operating margins...

Britannia Industries.. has an average target of 5689.00 from 7 brokers.

Housing Development Finance Corporation Ltd.

03 Aug 2021

HDFC: Q1FY22 Result Review

Buy: Housing Development Financ...

IDBI Capital

HDFC's gross stage 3 assets increased to 2.6% vs 2.34% QoQ (vs 2.2% YoY) better than its peer (LICHF at 5.93%). Restructured assets stood at 0.9% (vs 0.8% FY21) of AUM which majorly comprises of one large real estate builder group (62% of restructured). The overall collection efficiency ratio for individual loans has improved during the June month to preCOVID levels and stood at 98.3% vs 98% in March'21. PAT declined by 2% YoY (down 6% QoQ) led by higher tax bracket due to tax on capital gains on sale of equity was lower (23% vs 15% YoY). NII grew by 22% YoY led by improvement in margins. PPoP declined by 4.5% YoY due to higher operating expenses (up 39% YoY). Disbursements for individual loan segment grew by 181% YoY in July month; highest ever in a non-quarter month. Provisions...

Cholamandalam Investment & Finance Company Ltd.

03 Aug 2021

1431.40

-1.54%

Cholamandalam Investment: Q1FY22 Result Review

Buy: Cholamandalam Investment &...

Recommendation Target

IDBI Capital

CIFC's asset quality deteriorated (surprised negatively) with gross stage 3 assets increased to 6.79% vs 3.96% QoQ (3.34% YoY). Also, restructured assets increased to 5.4% of loan book; higher than its peers which is the key concern. However, Management is quite confident of recovery in coming quarters which is visible in improvement in collection efficiency; July at 114% vs June at 101% vs May at 84%. Further, Covid-19 related provisions stood at 1.0% of AUM which should support credit cost for FY22. NIMs remain stable at 7.6% QoQ. AUM growth declined to 7% YoY (16% FY21) led by slower growth in disbursements (up 1% YoY) and higher repayments. NII...

Cholamandalam Invest.. has an average target of 1616.57 from 7 brokers.

Automobiles & Auto Components

SECTOR | 03 Aug 2021

Automobile: Monthly Sales Update - July 2021

Automobiles & Auto Components

IDBI Capital

In Jul 21, Indian Passenger Vehicle (PV) segment reported robust recovery on the back of higher preference to personal mobility, pent up demand and opening of dealerships across country. Tractor segment has also shown YoY growth and is expected to continue its momentum on account of better Key Kharif crops higher MSP and Monsoon revival. CV segment also reported decent recovery although on low base. However, domestic 2W market continues to struggle and remain muted. We believe, 2nd covid wave has hit bottom of workforce pyramid harder and hence the commuter segment is likely to take time to recover....

Deven Choksey released a Sector Update report for Automobiles & Auto Components on 02 Sep, 2025.

India Macro Indicators

TREND | 02 Aug 2021, 12:00AM

Dividend Yield Stocks Report

India Macro Indicators

IDBI Capital

CCL Products India Ltd.

30 Jul 2021

923.60

2.06%

CCL Products (India): Q1FY22 Result Review

Hold: CCL Products India Ltd.

Target

IDBI Capital

CCL Product's Q1FY22 result was a mixed bag. While top-line was higher than our estimate by 9%, its EBITDA was 5% below our forecast. Net sales increased by 13% YoY to Rs3,261 mn mainly on higher offtake. EBIDTA grew 14.5% YoY to Rs720 mn. However, sharp increase in tax expense (+35% YoY to Rs99 mn) restricted its net profit...

CCL Products India Ltd. is trading above all available SMAs

Maruti Suzuki India Ltd.

29 Jul 2021

14842.00

-0.30%

Maruti Suzuki India: Q1FY22 Result Review

Buy: Maruti Suzuki India Ltd.

Recommendation Target

IDBI Capital

During Q1FY22, MSIL's profit declined by 62.2% QoQ to Rs4.4bn (below our estimates Rs13.3 bn). Sharp decline in profitability was attributed to lower EBITDA margins which declined by 367bps QoQ to 4.6% (below our estimates of 8%) and lower other income which declined by 61.5% YoY. Despite poor show in Q1FY22, We believe, MSIL is likely to witness robust volume recovery hereon while cost pressure is likely to ease out post H2FY22. To factor in improved business outlook and expected improvement in profitability, we increase our volume and PAT estimates by 2.9%/26.7% for FY23E. We rate the stock as...

Maruti Suzuki India Ltd. has gained 20.65% in the last 1 Month

Mold-Tek Packaging Ltd.

29 Jul 2021

823.25

1.26%

Mold-Tek Packaging: Q1FY22 Result Review

Hold: Mold-Tek Packaging Ltd.

Recommendation Target

IDBI Capital

Mold-tek packaging's (MPL) Q1FY22 result was in-line with our estimates on key parameters. Statewide lockdown amid second wave of Covid-19 weighed on operations on a sequential basis; however, the company's performance over Q1FY21 was recommendable, primarily aided by better product mix. Net sales increased by 105% YoY to Rs1,337mn, while EBITDA came in at Rs253mn, higher by 177% YoY. The company reported net profit of Rs121mn, growth of 669% over Q1FY21. The company has added many new clients in Q1FY22 as well as has introduced higher margin QR coded IML products. MPL remains focused on capacity expansion, new product...

Promoters unpledged 0.01% of shares in last quarter. Total pledge stands at 2.27% of promoter holdings