Broker research reports for stocks which have been upgraded by brokers. Both recommendation upgrades,
as well as share price target upgrades are available for companies in Industry - Edible Oils.
Broker Research reports: latest Upgrades
for Industry - Edible Oils
AWL reported 20% YoY revenue growth due to pricing action, while volume growth was impacted by weakness in palm oil and rationalisation of rice business.
EBITDA growth beat our/consensus estimates on lower advertising/staff costs Key highlights: In Q1FY17, value growth in SunDrop/Crystal/peanut butter/bag snacks/ready to cook was 9%/-2%/16%/32%/6% and volume growth was 5%/-10%/16%/7%/7% for the same. In the Foods portfolio, consumer business (includes read to eat, extruded snacks, tortilla and peanuts) grew by 14% yoy and vending business fell 61% yoy on higher competitive activity. Foods currently accounts for 22-23% of total turnover. In Q1FY17, Ready to cook/ready to eat/peanut butter/vending business contributed Rs...
Overall Foods portfolio (non-institutional) has started gaining momentum with value growth in Q1/Q2/Q3/Q4 being by 5%/8%/16%/18% respectively Gross profit (including manufacturing overheads) was flat as per management; EBITDA...