CD Equisearch Broker Research reports

egistered a sales decline of 12.3% (yoy) during first three months of current fiscal (source: SIAM). Slowdown in demand has also led to accumulation of inventory ory at dealers which is likely to continue with advent of new safety and emission norms, prompting leading Indian car makers like Maruti Suzuki to cut production (its sales...

Supreme operates in five major business verticals namely plastic piping, consumer products, packaging products, industrial products and composite products. Some of its products include moulded furniture, storage & material...

Lower offtake by key customers in India during the quarter crippled growth in net revenues to 1.5% (y-o-y) y) in Q4FY19 in AMESA. Egypt continued to post strong revenue growth for the quarter at 27.7% (18.0% on constant currency basis) helped by both oral and non--oral care categories. Offtake in oral care category in China has been declining over the past few years despite the subsidiary retaining its wallet share with key customers. In the United States, a second very high-speed...

Thanks to growing demand for electricity, GOI continues to exert significant thrust on Indian power T&D; industry and has earmarked capex of Rs 2.6 tn in the 13th National Electricity Plan (FY17-22);...

Strangled by no imperceptible slowdown in Indian CV industry, most prominently the stalwart M&HCV; - stark change in volumes not invisible as MHCV dispatches tumbled not indiscernibly by 5.5% (yoy) in the second half of last fiscal compared to 48.1% growth in the first half Jamna's revenue from operations slid 3.4% in the second half of last fiscal. The condition got no better in Q4 as Jamna reported 9% drop in revenues...

Mart posted a modest topline growth of 15.9% (yoy) last quarter, supported by same store sales growth of 4% and launch of 15 new stores. It has continued its focus on fashion, which constituted ~93% of Q4FY19 sales.. Although average selling price of apparel stood at Rs 334/$4.7 in Q4FY19 vs Rs 321/$5.0 in Q4FY18 (Rs 320/$4.6 for FY19 compared to Rs 323/$5.0 a year before), total average verage selling price remained flat yoy last...

Established to sell hair oils and other beauty products, Bajaj Consumer Care Ltd. is one of the leading players in the hair oil category with brands like Bajaj Almond Drops Hair oil. With the acquisition of Nomarks, they have also...

Distressed by a loss of a major customer (accounting for 2000 tons annual volumes), CCLP's revenues nerve-wrackingly tumbled last quarter (down 18.3%), resulting in some 24% drop in operating profit (yoy basis). OPMs slid to 20.6% from 22.2% in the same quarter a year ago, no smallish cut from peak margin of 26.2% in Q2, when optimum capacity utilization coupled with increased sales of small packs propelled margins. Despite attempts to reduce promotions in each of its domestic SKUs, plans are...