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Background: TTKPT broadly operates under 3 major segments - Pressure Cooker & Pans, Non-stick Cookware and Kitchen Electric Appliances. TTKPT enjoys high brand recall and they spend ~7.2% of their annual sales for brand building and promotional activity, which enables them to dominate most of the segments in which they operate. TTKPT has a market share of ~60% in the outer-lid pressure cooker, ~15% in inner-lid pressure cooker within the organized market and in...

18.13% to 16.10%. Employee cost increased from 8.03% to 8.48%. Other expenses rose from 17.67% to 20.83%. Selling and administration expenses rose from 5.81% to 7.03%. Other income rose 51.11% to Rs 39.62 crore. PBIDT rose 6.37% to Rs 452.92 crore. Provision for interest rose 10.69% to Rs 19.78 crore. Loan funds declined from Rs 1,461.06 crore as of 30...

Background: Kajaria Ceramics is the largest tile manufacturer in India, with a 73 msm annual capacity (28.10MSM Ceramic tiles, 44.9MSM Vetrified tiles) spread across eight plants; three plants in Morbi, Gujarat with cumulative capacity of 15.9 MSM, one each in Sikandrabad - UP (8.4MSM), Vijayawada - AP (2.9 MSM) and Sri Kalahasti - AP (5 MSM), Malootana Rajasthan (6.5 MSM) and Gailpur - Rajasthan (34.3 MSM). Kajaria has a strong distribution network of 1,400 dealers,...

Markets remain closed on account of Dussehra Benchmark indexes Sensex and the Nifty jumped about 1 percent on Thursday to extend gains for the sixth straight session amid firm global cues and the weekly F&O; expiry. Gold was set for its best week in more than five months as both the...

Engineering ACV has been over 300mn$ for 4 consecutive quarters (vs ~100200 mn$ pre-covid); In 3QCY21 it is up 40% QoQ and 300% YoY (Exhibit 2). modernization as reflected by 29% YoY increase in ADM (Application Development and Maintenance) activity. Supply side pressures are expected to persist in the near term, but will ease within 2-3 quarters with a strong fresher intake and better pricing for new deals (4% higher as compared to 2019). We believe strong revenue momentum for Indian IT companies will continue over FY22/23E given ISG's 1) 100bps upgrade in Managed Services ACV, 2) positive commentary on IT...

EBITDA to grow 29.5% YoY with bottomline up 41.2% YoY Increase in the value added segment revenue from the basket of specialty chemical companies along with a rise in realisation of select companies can aid operational performance. We expect our coverage universe companies OPM to expand 180 bps YoY to 21.7%, leading to EBITDA growth of 29.5%...