New Research Reports

ITC will complete the demerger of its hotel business effective on 1st January, 2025 with the hotel business getting listed as a separate entity on 6th January, 2025. ITC will have 40% stake in the hotel business, while the remaining 60% will be distributed to ITC’s shareholders in proportion to their holdings.

Richly valued, even conside ring an optimistic outlook

Extreme weather patterns impacted sales of Household Insecticides. Soap volumes were soft on destocking due to price rises

Godrej Consumer Products’ Q3 business update highlighted temporary headwinds. Flat Q3 volumes (vs. average ~7% y/y organic growth in H1 FY25 and in the last six quarters) are expected due to challenges in soaps and home insecticides (HI), which account for nearly two-thirds of domestic revenue.

Godrej Consumer Products (GCPL) pointed to a weak Q3FY2025 in its pre-quarter business update affected by flat sales volumes and a margin dip in the India business. Domestic sales volumes growth would be flat (vs. average 7% volume growth in last six quarters) owing to lower soap sales and HI sales volumes (that contribute ~67% to India business).

HUVR's outlook of stable demand trends for FY25 appears conservative as the building blocks for rural demand remain favourable

HUL long-term outlook remains positive and with a 18% upside potential from CMP we maintain a BUY rating on the stock.