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Agro Tech Foods (ATFL) reported Q4FY15 results showed another quarter of weak performance. In Q4FY15, while the edible oils category showed a marginal growth after decline in last few quarters, the highly promising Foods category saw flattish sales on account of lower Ad spends....

bn and will only grow rapidly as the user base grows from the existing 30 mn online shoppers. Footwear as a segment appeals to buyers as it gives access to the brands and especially foreign brands which hitherto they didn't have much access to. Moreover, the...

Mindtree's 4QFY15 revenue was US$147.8mn, exactly in-line with our estimate. Constant currency (CC) revenue rose 1.8% QoQ. EBITDA margin fell 101bps QoQ, below expectations on poor revenue growth, lower utilisation and higher employee cost.

ACC reported vastly improved profitability for 1QCY15 at ~Rs 700/t (vs est Rs 436). This was despite a 10% YoY decline in volumes (5.8 mTPA, 5 yr low for 1Q volumes) and only marginal improvement in realizations (Rs 4,535, 5.5% YoY, 2.1% QoQ). The profitability jump is largely due to a 10% QoQ decline in other operating expenses, attributable to lower variable costs on packing, driven by lower crude.

The company expects to launch 2 vaccines, 2 Respiratory, couple of Derma products and 1 Anti Diabetic product in next 2 years. The company has reduced the price of a respiratory product (Seretide) to Cipla's level.

Mindtree, in a release to the stock exchanges on Saturday, March 7, 2015 said its constant currency (CC) revenue growth for 4QFY15 will be flat and USD revenue will decline organically owing to delays in project starts in retail & CPG clients, and adverse cross-currency movements.

Ambuja Cements reported weak numbers (EBITDA/t at Rs 605/t vs est. Rs 701/t). Realisations drove the underperformance due to very weak pricing in North (Rs 4,321/t, 3.4% YoY, -5.1% QoQ). Volume growth returned after a tepid 3Q (5.5 mT, 5.1% YoY), however CY14 volumes grew mere 2.5%.

Page Industries is the exclusive licensee of Jockey International Inc (USA) to manufacture and distribute Jockey brand in India, Sri Lanka, Nepal, Bangladesh and UAE till 2030. They broadly operate in premium men's innerwear; women's innerwear and leisure wear segments. Jockey enjoys high brand recall and they spend ~5% of their annual sales for brand building and promotional activity, which enables them to dominate most of the segments in which they operate. In the men's and women's segment, they have a market share of ~21% and ~12% respectively. They are also exclusive licensee of Speedo swimwear brand in India. Page has...

Reliance Powers 3QFY15 PAT of Rs 2.5bn was ahead of our estimates as other income came in higher than expectation. Operationally, results were in line. Sasan UMPP?s all 6 units are operational and project should be commissioned by Mar-15.