FMCG Sector

Buy Dabur India With Target Of Rs 216

Buy Dabur India With Target Of Rs 216Stock market analyst VK Sharma of HDFC Securities has maintained 'buy' rating on Dabur India Ltd stock to achieve an intraday target of Rs 216.

According to analyst, the interested investors can buy the stock around Rs 210 with strict stop loss of Rs 207.

The stock of the company, on August 31, closed at Rs 209.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 218.95 and a low of Rs 124 on BSE.

Current EPS & P/E ratio stood at 5.98 and 35.31 respectively.

Emami To Grab 15% Share In Packaged Edible Oil Market

Emami To Grab 15% Share In Packaged Edible Oil MarketEmami Biotech, the newest participant in the budding packaged edible oil section, is eyeing to detain 15% market share by the next three years (2013).

Emami Biotech, which is a division of the Kolkata-based Emami Group, made entry in the branded edible oil segment with its Healthy and Tasty brand sunflower, palm and rice bran oil.

The company, which imports crude palm, sunflower and rice bran oil is spreading out its oil refining capacitance by setting up novel refinery plants in Andhra Pradesh and Gujarat at a total expenditure of Rs 500 crore.

Emami going the acquisition way

Emami LtdA leading FMCG company, Emami Ltd said on Friday that it is now looking forward to acquisitions in the Indian market. It is targeting companies within the personal and healthcare sector and will be looking for the ones which are having a strong hold on the domestic markets.

During the AGM of the group, Emami Chairman R S Agarwal said that the takeovers can also be done in the overseas markets. The company has already mandated Ernst & Young to work as the adviser and the things are at present only on the evaluation stage.

Godrej Consumer Products Q1 PAT at Rs 116 crore

Godrej-ConsumerLeading FMCG firm of the country, Godrej Consumer Products Ltd (GCPL) has announced its first quarter financial results for the fiscal year 2010-11. It has informed that the profit after tax of the firm has gone up to Rs 116 crore for the quarter that ended in 30th June, 2010. There has been a significant rise in profit-after-tax and net sales figure of the company.

GCPL had posted a net profit of Rs 69.46 crore for the similar quarter in the previous financial year. Godrej Consumer Products Ltd has informed this in a filing at the Bombay Stock Exchange.

Marico Gets Hold Of Health Care Brand ‘Ingwe’

Marico Gets Hold Of Health Care Brand ‘Ingwe’Marico Ltd has announced that it has got hold of healthcare brand named 'Ingwe' from South Africa's Guideline Trading.

However, the country's fast moving consumer goods and personal care major has not revealed the sum of investment involved in the acquirement.

Over-the-counter healthcare brand Ingwe has a revenue of Rs 150 million and its array of products consists of immuno boosters.

Marico, which possesses hair and health care brands like Caivil, Black Chic and Hercules, forayed into the South African market in the year 2007.

Short Term Buy Call For Dabur

Short Term Buy Call For DaburStock market analyst Salil Sharma is of the view that investors can buy Dabur India Ltd stock with short term target of Rs 215.

According to analyst, the interested investors can buy the stock with stop loss of Rs 196.

Mr. Sharma said that the said target can be achieved with in period of 30-45 days.

Today, the stock of the company opened at Rs 202.60 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 218.95 and a low of Rs 121 on BSE.

Current EPS & P/E ratio stood at 5.98 and 33.96 respectively.

Unilever cautious on stress mounting ahead

Paul PolmanThe Consumer goods goliath Unilever swayed the warning signals of mounting stress from its opponents and elevated commodity costs as it intently overlook analysts' projections with a 3.6 percent inclination during the second-quarter sales in spite of sturdy developing market growth.

Unilever's word of caution mirrors the memo from opponents like Procter & Gamble who have to fritter with a great deal on latest and upcoming products to magnetize value- in quest of shoppers and witness no indication of the dangerous times slackening.

HUL posts 1.83% decline in profit

Hindustan-UnileverFMCG major, Hindustan Unilever posted a net profit of Rs 533.21 crore, for the quarter ending on June, 2010. This is 1.83 per cent lesser than what it had during the last year.

Last year it had seen a profit of Rs. 543.81 crore.

The reason behind this fall, said HUL, is the continuous increase in the material costs as well as more spending by the company on advertising and promotional activities.

Dabur first quarter net profit up by 21% to Rs 107.39 crore

DaburLeading FMCG player Dabur has announced its first quarter financial results for the fiscal year 2010-11. As per the report Dabur has posted a net profit of Rs 107.39 crore for the quarter that ended in 30th June, 2010 which is almost 21% up from the net profit figure of the similar quarter in the last fiscal.

The company has registered a net profit of Rs 88.95 crore in the same quarter in the previous year.

ITC lines up projects worth Rs. 23,000 crore

ITC-LimitedITC has lined up projects worth Rs. 23,000 crore in its centenary year, across the business segments of FMCG, paper, paperboards and packaging and hotels, taking every opportunity due to the growth of the Indian economy.

The company has passed a resolution to double its share capital to Rs. 1,000 crore and acquisitions are being checked out in all the areas by the company.

Coca-Cola Records 22% Surge In India Sales

Coca-Cola Records 22% Surge In India SalesThe Indian arm of the Coca-Cola corporation has recorded an increase of 22 per cent in sales during the second quarter of the existing financial year.

Mr. Atul Singh, chief executive and president for India and South Asia, stated that the company continued to attain sturdy business outcomes during the second quarter of the existing year.

"This was our 16th consecutive quarter of growth," Mr. Singh said.

In a declaration, Mr. Atul said that Coca-Cola India's unit case volume surged 22 per cent during the period under review.

Colgate-Palmolive's June quarter net profit at Rs 121.9 crore

Colgate-Palmolive's June quarter net profit at Rs 121.9 croreOral and personal care firm Colgate-Palmolive has declared its first quarter financial results for the fiscal year 2010-11. The company sells a range of personal care products in India under the 'Palmolive' brand and this has been one of the renowned brands in the country. The company also sells toothpowder, toothbrushes and mouthwash under its Colgate brand.

Vaseline launches a campaign on Facebook

Vaseline launches a campaign on FacebookVaseline in a mode of promotion came out with a new application meant for Facebook with its new fairness cream for men.

This application utility is something which takes one by surprise as it offers to make the skin tone lighter in by few shades in order to "preview" one's looks by merely making them fairer after using the cream.

The page already boasts of 500 plus fans and assumingly number would go up pretty fast - as it comes from a country where most of the men are obsessed with the skin tone.

Godrej Agrovet Eyes 15% Turnover This Fiscal

GodrejGodrej Agrovet is eyeing to achieve 15% growth in its turnover in the existing financial year (20101-11), which stood at Rs 1,600 crore during the last fiscal.

Mr. B S Yadav, company's managing director, said, ''We expect a 15 per cent jump in our topline and 25 per cent in the bottomline. Last year, we had a turnover of over Rs 1,600 crore.''

Mr. Yadav said that diversified agri-business company, which presently sells animal feeds, ready-to-eat foods and processed poultry products, is gazing 'seriously' at diversifying into fresher segments.

Nestle Eyes Acquisitions To Strengthen Product-Line

Nestle Eyes Acquisitions To Strengthen Product-LineNestle India, maker of a variety of food items, is eyeing acquisition in the Indian market with the intention to swell its product-line and plans to introduce more products in the coming days.

Mr. Antonio Helio Waszyk, the Nestle India Chairman and Managing Director, said, "We are growing, we plan to acquire one or a couple of companies to expand our product-line in India. This is the right time and we have to invest more here."

But, Mr. Waszyk did not give any time-frame for the acquirements. It may happen sooner than later, he added.

Buy Jay Shree Tea With Stop Loss Of Rs 285

Buy Jay Shree Tea With Stop Loss Of Rs 285Stock market analyst Ashwani Gujral is of the view that investors can buy Jay Shree Tea & Industries Limited stock to achieve a target of Rs 360.

According to analyst, the investors can buy the stock with strict stop loss of Rs 285.

Today, the shares of the company opened at Rs 301.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 417.40 and a low of Rs 168.25 on BSE.

Jay Shree Tea & Industries Ltd is eyeing acquisitions of tea properties out of the country.

Jay Shree Tea Expects To Buy Another Tea Garden In Africa

Jay Shree Tea Expects To Buy Another Tea Garden In AfricaJay Shree Tea and Industries, a B.K. Birla Group company, is eyeing to get hold of a tea garden in Africa by the end of the existing financial year.

In April 2010, Jay Shree Tea had bought four gardens in Uganda and Rwanda.

Mr. D.P. Maheswari, company’s MD stated, “We expect to close the latest deal by the end of 2010-11. With all the acquisitions in place, we see our topline crossing Rs 500 crore in 2010-11.”

Amway India Eyes Rs 2500 Cr Sales By 2012,

amway logoAmway India Enterprises Limited, country's leading direct selling FMCG company, is making continuous attempts to achieve a sales target of Rs 2,500 crore by the next two years (2012) as compared to Rs 1,407 crore in 2009, reggistering an yearly growth of around 25%.

While talking to reporters, Mr. William S Pinckney, Amway India Managing Director and Chief Executive Officer (CEO) made this announcement.

Hold Dabur India With Stop Loss Of Rs 173

Hold Dabur India With Stop Loss Of Rs 173Stock market analyst MB Singh is of the view that investors can hold Dabur India stock to reap good returns in the coming time.

According to analyst, the investors can buy the stock with stop loss of Rs 173.

Today, the shares of the company opened at Rs 191 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 200 and a low of Rs 115.05 on BSE.

Current EPS & P/E ratio stood at 5.80 and 33.87 respectively.

Dabur India, on June 18, declared that it has finished amalgamation of Fem Care Pharma with itself.

Buy HUL With Target Of Rs 275

Buy HUL With Target Of Rs 275Stock market analyst PK Agarwal of Purpleline Investment is of the view that investors can buy Hindusthan Unilever Ltd stock to achieve a target of Rs 275.

Mr. Agarwal said that the interested investors can buy the stock with stop loss of Rs 250.

Today, the shares of the company opened at Rs 259 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 306 and a low of Rs 219 on BSE.

Current EPS & P/E ratio stood at 9.58 and 26.92 respectively.

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