Future Consumer Ltd. share price target and research reports

Name: Latest research reports of Future Consumer Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Future Consumer Ltd.
Rating: 5
Author: Motilal Oswal

Latest analyst research reports with target prices and PDF download for FCONSUMER, BSE:533400 Future Consumer Ltd.

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Future Consumer Ltd.

22 May 2019

Operating results in line; Gross margin expansion to pick up in FY20

Buy: Future Consumer Ltd.

Target

Motilal Oswal

During the year, the holding company reassessed the deferred tax asset on unutilized tax losses based on probability of future taxable income, and recognized net deferred tax asset of INR186.75m during the quarter. Thus, reported PAT stood at INR78m v/s loss of INR36m in base quarter....

Future Consumer Ltd.

03 Nov 2018

Good growth across categories; Maintain Buy

Buy: Future Consumer Ltd.

Target

Motilal Oswal

net sales grew 34.6% YoY to INR10.1b (est. EBITDA was up 98.8% YoY to INR254m (est. Adj. Loss for the quarter stood at INR30m v/s loss of INR88m in base quarter (est. 3 November 2018 Centre of Plate (52% of sales) grew 31%. Fruits and Vegetable portfolio (22% of sales) grew 50%. Processed foods (8% of sales) and home and personal care (7% of sales) portfolio grew 31% and 59%, respectively. standalone business gross margins were up 60bp YoY to 13.

Future Consumer Ltd.

22 May 2018

Long runway of growth justifies expensive near-term valuations

Buy: Future Consumer Ltd.

Motilal Oswal

EBITDA rose 521% YoY to INR162m (est. Thus, EBITDA margin expanded 150bp YoY to 2% (est. Future Consumer We expect revenue growth momentum to continue, at least for the next few years, given the tremendous growth opportunity. As FCON is likely to be profitable at the consolidated net level only in FY19, we believe near-term P/E multiples are always likely to appear extremely expensive on a one-year forward basis. As FCON is likely to be profitable at the consolidated net level only in FY19, we believe near-term P/E multiples are always likely to appear extremely expensive on a one-year forward basis. Maintain As soon as the company demonstrates profitability at the net level, we will move our valuation to P/E basis. Maintain As soon as the company demonstrates profitability at the net level, we will move our valuation to P/E basis.

Future Consumer Ltd.

12 Mar 2018

Long runway of growth justifies expensive near-term valuations

Buy: Future Consumer Ltd.

Motilal Oswal

Vishal Punmiya- Research Analyst (Vishal.Punmiya@MotilalOswal.com); +91 22 3980 4261 Krishnan Sambamoorthy - Research Analyst (Krishnan.Sambamoorthy@MotilalOswal.com); +91 22 3982 5428 Investors are advised to refer through important disclosures made at the last page of the Research Report....

Is Future Consumer Ltd. worth buying?

1202 Votes:

Buy 76.79%

Sell 12.23%

Hold 10.98%