FMCG Sector

Godrej Consumer looking to buy a Brazilian hair care firm

Godrej-Consumer-LogoIndia's leading consumer durable company, Godrej Consumer Products (GCPL) is planning to purchase a Brazilian hair care firm Embelleze. Embelleze is the market leader in hair color segment in Brazil. The company has a commanding market share in the hair color market and has almost 25% of the market under its belt. The company is estimating to manage to get annual sales of Rs. 1000 crore in the current fiscal.

Colgate Palmolive grabs more stake in CC healthcare products

Colgate Palmolive grabs more stake in CC healthcare productsIn a bid to capture the entire shareholding stakes at CC Health Care Products, fast moving consumer goods major Colgate-Palmolive today increased its shareholdings in the Hyderabad-based tooth powder maker.

Till date the FMCG major enjoyed a stake holding of 75 per cent in the company.

In a recent filing with the Bombay Stock Exchange (BSE), the company corroborated that it has acquired the remaining 25 per cent of the share capital from local shareholders at an aggregate price of Rs. 69.07 lakh.

Price war concerns have pulls HUL to a year’s low

Price war concerns have pulls HUL to a year’s lowThe Hindustan Unilever Limited's (HUL) stock has declined drastically by nearly 7 per cent in two days. The drop in stock valuation has created concerns for the investors.

The intra day dealing price of the company has also moved back by 3 per cent to Rs. 222, according to latest figures. This was the lowest figure in last 52 weeks.

The company has accepted that the fresh price war in the detergent category has pulled the prices down. HUL is now dealing with a huge price war by its competitors.

P&G to offer larger packs of Tide at same price

P&G to offer larger packs of Tide at same priceFMCG major Procter & Gamble has announced to increase the weight of the packs of its popular detergent Tide by 25%. The company also said that this increase in weight of the packs will come without any jump in price.

The company says the strategy behind this move is to increase the penetration of the product and reach out to more home-makers.

Emami Ropes In Dhoni, Preity To Endorse Edible Oils

EmamiFMCG giant Emami declared that it has roped in Indian cricket skipper M S Dhoni and Bollywood dimpled beauty Preity Zinta to promote its to-be-launched brand in the edible oils sector.

Confirming the development, Mr. Aditya Agrawal, Emami Director, said, "They (Dhoni and Zinta) have been signed up to endorse the brand of edible oils that we will be launching on February 19."

Dhoni and Zinta have been signed up for three years, Mr. Agarwal added.

However, Mr. Agrawal did not reveal the details regarding payments made to the celebs or the brand of the edible oil range, which will be launched by Emami Biotech Ltd.

Hindustan Unilever reports moderate rise in Net profit and sales

Hindustan-UnileverHindustan Unilever has reported a moderate rise of 4% in net profit to Rs 649.11 crore in the third quarter of the current financial year. The sales for the FMCG major grew 4.6% year on year to Rs 4,504.26 crore. The company is India's biggest maker of household products.

The lower than expected results were released on Tuesday by the company. Despite the lower costs of input, the profit margin in the products for the company was at 16% due to weaker performance by its top line products.

Intraday Buy Call For Jyothy Laboratories

Intraday Buy Call For Jyothy LaboratoriesStock market analysts are of the view that investors can buy Jyothy Laboratories Ltd stock to achieve an intraday target of Rs 188.

According to them, investors can buy the stock between Rs 180-182 with a strict stop loss of Rs 178.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 192.

Shares of the company, on Thursday (Dec 04), closed at Rs 184.45 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 192 and a low of Rs 47.25 on BSE.

Godrej Long Term Buy Call: Abhishek Jain, StocksIdea.com

Godrej Consumer Products Ltd.Godrej Consumer Products Ltd. is a major player in the Indian FMCG market with leadership in personal care, hair care, household care and fabric care segments. Today Godrej is delivering consumers exciting innovations across a spectrum of businesses. The company has state-of-the-art manufacturing facilities at Malanpur (M. P.) Guwahati (Assam), Silvassa (U. T.) and Baddi (H. P.). In 2002 Company entered into the deodorants category with the launch of Cinthol International Perfumed deodorant. Godrej entered the traditional powdered 'henna' market with the launch of powdered henna under the brand 'Nupur'.

IBM inks ‘IT services deal’ with Indian unit of Perfetti Van Melle

IBM inks ‘IT services deal’ with Indian unit of Perfetti Van MelleIBM has signed an IT services deal with the Indian subsidiary of Perfetti Van Melle, world’s third largest confectionary group, for an undisclosed amount.

Under the deal, IBM would design and build a 1,000 sq ft green data center, provide the networking infrastructure for the data center as well as offer end-to-end facilities management services to the client.

IBM aims to provide PVM India a robust infrastructure management, supporting its ambitious growth plans for the country.

Godrej Industries’ Q2 net profit goes up by 244%

Godrej Industries’ Q2 net profit goes up by 244%Godrej Industries, a subsidiary of Godrej & Boyce Mfg. Co. Limited, has registered a consolidated net profit of Rs 66.67 crore for the second quarter ended September 30, up 244 per cent, compared to net profit of Rs 19.4 crore in the same period last year.

However, the company witnessed a decline of 7 per cent in its total income, which dropped to Rs 896.17 crore in the quarter ended September 30, against total income of Rs 965.27 crore in the same period last year.

Dabur India Q2 net surges 31%

Dabur India Q2 net surges 31%Dabur India, the fourth largest FMCG Company in India, has registered a surge of 31 per cent in its consolidated net profit during the second quarter ended September 2009.

The company posted a net profit of Rs 140.34 crore for the said period, against Rs 107.41 crore in the year-ago period driven by strong volume growth across different segment.

The company’s revenue during the quarter stood at Rs 855.06 crore, up 22.4 per cent as against Rs 698.45 crore in the corresponding period last fiscal.

Buy HUL With Stoploss Of Rs 270: Karvy

Hindustan Unilever Limited Karvy Stock Broking Limited has maintained 'Buy' rating on Hindustan Unilever Ltd stock to achieve a target of Rs 295 in 2-3 trading sessions.

According to Karvy, interested traders can buy the stock between Rs 277-279 with a strict stop loss of Rs 270.

The shares of the company on Friday, (Oct 23), closed at Rs 280.50 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 306 and a low of Rs 185 on BSE. Current EPS and P/E of the stock stood at 9.63 & 29.04 respectively.

ITC Q2 net rises 26%; stock up 5%

ITCITC, India's largest cigarette maker by sales, on Friday has registered a 25.81% rise in the net profit of the company in the quarter ending on September 2009.

The company has posted a net profit of Rs 1,009.91 crore for the second-quarter (Q2) ended September 30, 2009, as against Rs 802.72 crore corresponding period, last year.

However the net sales of the company rose from Rs 3,763.29 crore last year to Rs 4,292.59 crore this year, up 14 per cent YoY.

Ahead of good results, the scrip of the company closed on Friday with gain of 5 per cent at Rs 260. The stock has given over 36% of return to its investors in past six month period.

GSK Consumer Healthcare Q3 net profit zooms 13%

GlaxoSmithklineGlaxoSmithkline Consumer Healthcare, a leading manufacturer of nutritional foods and beverages, has registered a surge of 13 per in its net profit at Rs 60.02 crore for the third quarter ended September 30, against the same period a year earlier.

The company had posted a net profit of Rs 53.03 crore for the quarter ended September 30, 2008.

Further, company’s total income also grew to Rs 516.32 crore for the quarter ended September 30, 2009 from Rs 449.28 crore for the quarter ended September 30, 2008

Vadilal Industries registers Rs 16.6 million profit for September 2009 quarter

Vadilal IndustriesVadilal Industries has informed that it has posted a profit of Rs 16.65 million during the quarter ended September 2009, as compared to a loss of Rs 3.43 million in the corresponding period last fiscal.

As per official sources, company’s net sales in the said quarter have witnessed a growth of 35.79% to Rs 464.60 million, while total income for the similar period surged 36.26% to Rs 466.36 million, when compared with the prior year period.

The company has registered earnings of Rs 2.32 per share during the quarter under review, posting 4.83 times growth over prior year period.

Godrej Ind Intraday Buy Call

Godrej Ind Intraday Buy CallStock market analysts have maintained ‘buy’ rating on Godrej Industries with an intraday target above Rs 220.

According to them, interested traders can purchase the stock above Rs 216 with a strict stop loss of Rs 212.

Shares of the company, on Monday (Oct 12), closed at Rs 208.60 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 0.08 and 2626.25 respectively. The share price has seen a 52-week high of Rs 215.50 and a low of Rs 46.25 on BSE.

Hindustan Unilever Ltd Long Term Buy Call: Abhishek Jain, StocksIdea.com

Hindustan Unilever Ltd Long Term Buy Call: Abhishek Jain, StocksIdea.comHindustan Unilever Ltd. country's leading fast moving consumer goods company and amongst those enjoying the largest branded market coverage, is a 51% subsidiary of Unilever Plc, UK. In 2000 Company launched the International Lux Skincare range, "Sunscreen Formula". In this year only HUL acquires Modern Foods, the first public sector company to be divested by the Government of India.

Dabur plans new units in India, abroad

Dabur plans new units in India, abroadDabur India, leading FMCG Company, plans to set up three manufacturing facilities in India as well as abroad, which will be functional by June-July coming fiscal.

Dabur India functionaries stated in a communiqué that out of the proposed three facilities, one will be opened in Himachal Pradesh, one in Uttaranchal, and one in  Egypt.

The sources informed that the units will basically manufacture haircare, besides Hajmola and other digestive products.

The sources further informed that all the three units will entail an investment between Rs 50-70 crore.

Nestle India Ltd Long Term Buy Call: Abhishek Jain, StocksIdea.com

Nestle India Ltd Long Term Buy Call: Abhishek Jain, StocksIdea.comCompany was incorporated in 1959 as Food Specialties, Nestle India Limited was promoted by Nestle Alimentana, Switzerland. Its first unit at Moga (Punjab) started in 1962 for manufacturing milk products, infant milk food and weaning cereals, culinary products and beverages. The second factory at Choladi, Tamilnadu to produce beverages (tea) was set up in 1967. To part finance this project company went public in the year 1968. The third plant at Nanjangud, Karnataka, set up in 1989, manufactures instant coffee and health beverages.

Buy HUL To Achieve Target Of Rs 281: Nirmal Bang

Hindustan UnileverNirmal Bang, one of the leading equity research-cum-broking house, has recommended a buy on Hindustan Unilever Ltd with a target of Rs 275 in today's session.

The report further stated that, if the counter is successful to breach 265, then it will hit a target of Rs 281.

In addition, the firm has suggested a support level for the scrip at Rs 254.

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