Principal Research Analyst & Anchor @CNBCTV18Live, CFA, Infovore, Forever Curious, Yellow Lover, Obsessive Swimmer, Keyboardist, ARR/SRT/Jobs=God, #FMCGisLife
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VIP is a Bag company; you change it once in years. Bata sells shoes, avg cycle would be 1.5-2 years, both brought leaders from Britannia - where avg lifecycle is <2 weeks. Will they look at shorter lifecycle products? Is that their key learning in this pandemic? #FMCGisLife
Earlier this year, VIP appointed Anindya Dutta (18Y Britannia) Now BATA appointed Gunjan Shah! (14Y Britannia) Under @realvarunberry, Britannia is turning into a leadership factory! Also, interesting to see long cycle Cos appointing those with short product cycle experience!
Bata India appoints Gunjan Shah as CEO Gunjan’s an out-n-out FMCG guy. Has been in Britannia for almost 14 years. Joined as a Sales Manager, leaving as Chief Commercial Officer. Also worked at Asian Paints prior to that Good move in a tough environment #FMCGisLife @BATA_India
PIDILITE +4% from Lows
PIDILITE - Demand hit in late April, May - Expect RM inflation to cool off in H2 - Putting up 10 new greenfield plants - Focusing on the next leg of growth - Reached 7000 new villages, added 700 sub-stockists last year @StuckByFevicol #FMCGisLife
ASIAN PAINTS +10% Mgmnt Says: - Taken a 2.8% hike in prices since May - Think Inflation for RM has peaked - April was good, May is seeing disruption - Expect things to open up over the next 2-3 weeks - Co at 60-65% capacity utilization #FMCGisLife
MPhasis - Direct International Revenue to grow in high teens - Upped Margin guidance band from 15.5-16.5% to 15.5-17%
Asian Paints +10%
PIDILITE Concall Comments - Hiked prices in March & May - 75% of Inflation passed through - Rise in avg VAM prices for Q4 +30% YoY, +73% QoQ - Inflation should correct as global manufacturing recovers - Araldite margin will be higher than Co @StuckByFevicol #FMCGisLife
TALE OF TWINS: ASIAN PAINTS & PIDILITE - Gujarati Promoters, Professionally Run Companies - Leaders in Their Categories, Have STRONG brands! - Both known for great ads created by Oglivy - Both Reported eerily similar numbers too! #FMCGisLife @asianpaints @StuckByFevicol
ASIAN PAINTS Q4FY21 - Revenue Beat, Volumes Beat - EBITDA in Line, PAT Miss - High RM Costs compress Gross Margins Mgmnt worries about - RM Inflation - Near Term Demand Uncertainty @asianpaints #FMCGisLife
The importance of management change in FMCG companies #FMCGisLife #GodrejConsumer
ASIAN PAINTS & PIDILITE Twins will report numbers today! Similar Expectations: ~30% revenue, ~50% EBITDA ~90% PAT growth YoY on a Low Base Similar Concerns: Q4 Numbers in the price, Commentary on Q1 uncertainty and RM Prices Key to watch! Both Trade ~65X FY22e #FMCGisLife
Nisaba Godrej on Sudhir Sitapati’s appointment: Interview of The Day! Part 1 of 2 #godrejconsumer #FMCGisLife
GODREJ CONSUMER Brokerages call it a re-rating moment for the stock after @SudhirSitapati appointed MD & CEO Market Cap Addition just today = $2 Bn #FMCGisLife
Godrej Consumer Brokerages upbeat on the stock!
GODREJ CONSUMER +22% now
GODREJ CONSUMER +20% Keep an Eye on Godrej Ind Holds 23.75% stake in Co worth 20500 Cr Godrej Ind Mcap at 18000 Cr
Principal Research Analyst & Anchor @CNBCTV18Live, CFA, Infovore, Forever Curious, Yellow Lover, Obsessive Swimmer, Keyboardist, ARR/SRT/Jobs=God, #FMCGisLife
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