Varun Beverages Limited.
Keynote Capitals Ltd
Quarterly Update Q2FY24
Summary | Date | Stock | Author | LTP | Target | Price at reco (Change since reco%) |
Upside(%) | Type | Report | Discuss | |
---|---|---|---|---|---|---|---|---|---|---|---|
07 Nov 2023 | Varun Beverages |
Keynote Capitals Ltd
|
469.65 | 1108.00 | 991.20 (-52.62%) | Target met |
Buy
|
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06 Nov 2023 | Varun Beverages |
Motilal Oswal
|
469.65 | 1090.00 | 945.65 (-50.34%) | Target met |
Buy
|
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06 Nov 2023 | Emami |
Motilal Oswal
|
604.95 | 640.00 | 518.80 (16.61%) | Target met |
Buy
|
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06 Nov 2023 | Emami |
Sharekhan
|
604.95 | 655.00 | 518.85 (16.59%) | Target met |
Buy
|
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04 Nov 2023 | Dabur |
BOB Capital Markets Ltd.
|
546.70 | 669.00 | 535.50 (2.09%) | Target met |
Buy
|
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03 Nov 2023 | Godrej Consumer Products |
BOB Capital Markets Ltd.
|
1231.50 | 1159.00 | 1020.70 (20.65%) | Target met |
Buy
|
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03 Nov 2023 | Dabur |
Axis Direct
|
546.70 | 635.00 | 535.50 (2.09%) | Target met |
Buy
|
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02 Nov 2023 | Britannia Industries |
BOB Capital Markets Ltd.
|
6076.00 | 5844.00 | 4527.25 (34.21%) | Target met |
Buy
|
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02 Nov 2023 | Dabur |
ICICI Securities Limited
|
546.70 | 600.00 | 530.40 (3.07%) | Target met |
Accumulate
|
Decent performance, in the market context
ICICI Securities Limited
Dabur reported decent volume-led (6% YoY incl. Badshah, 3% India organic volume growth) revenue growth of 7% YoY, driven by stable performance in Healthcare business led by Digestive, Ethicals & OTC (+5% YoY) and 6% YoY revenue growth in HPC led by 15% YoY growth in Home care.
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02 Nov 2023 | Britannia Industries |
ICICI Securities Limited
|
6076.00 | 4800.00 | 4527.25 (34.21%) | Target met |
Accumulate
|
Profitability improves with retention of input cost benefits while volume growth lags
ICICI Securities Limited
Britannia’s revenue growth of 1% YoY was underwhelming as volumes largely remained flattish due to slowdown and regional competition. Focus states also witnessed some deceleration in growth. With correction in input cost, it has taken only ~2% pricing correction vs ~20-22% price increases over last 24 months.
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