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May 30, 2013
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10:58
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| Colgate-Palmolive (India) (Q4 FY13) |
| India Infoline Research Team/10:58,May 30,2013 |
| Colgate continues to dominate the oral care industry despite stiff competition from players like HUL and Dabur. |
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May 21, 2013
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15:44
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| ITC Ltd (Q4 FY13) |
| India Infoline Research Team/15:44,May 21,2013 |
| ITC reported 19% yoy increase in revenues at Rs81.8bn (above our expectations of Rs81.2bn) during Q4 FY13 driven by ~11% yoy growth in core cigarettes segment. |
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May 15, 2013
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10:59
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| Nestle India Ltd (Q1 CY13) |
| India Infoline Research Team/10:59,May 15,2013 |
| Operating margins expanded by 140bps to 23.7% partly aided by lower overhead cost. Raw material cost as percentage of net sales declined by 65bps largely due to higher sales realizations, partially offset by higher input costs. |
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May 06, 2013
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17:23
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| Marico (Q4 FY13) |
| India Infoline Research Team/17:23,May 06,2013 |
| Coconut oil segment witnessed slower growth mainly due to increased price premium compared to loose hair oils. Marico has taken some price cuts to lower the premium and expects the growth to be back on track from Q1 FY14 (~8% yoy). |
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May 03, 2013
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14:17
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| Dabur India (Q4 FY13) |
| India Infoline Research Team/14:17,May 03,2013 |
| Dabur registered modest 12.5% yoy revenue growth during Q4 FY13 at Rs15.4bn – marginally below our expectations of Rs15.5bn mainly due slower growth in international business. |
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Apr 30, 2013
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15:25
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| Hindustan Unilever Ltd (Q4 FY13) |
| India Infoline Research Team/15:25,Apr 30,2013 |
| HUL Q4 FY13 revenues were almost in line with our expectations (of ~Rs63bn) at Rs63.7bn – up by 12.5% yoy led by 13.1% yoy growth in domestic FMCG business. |
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Mar 11, 2013
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12:00
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| Britannia Industries - Express Idea |
| India Infoline Research Team/12:00,Mar 11,2013 |
| Britannia successfully managed the high commodity inflation by taking selective price hikes and maintained operating margins at 5%. |
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Feb 14, 2013
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15:24
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| Britannia (Q3 FY13) |
| India Infoline Research Team/15:24,Feb 14,2013 |
| Operating margins for the quarter contracted by 90bps to 5.4% due to sharp 140bps increase in advertising cost. |
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Feb 05, 2013
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10:33
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| Marico (Q3 FY13) |
| India Infoline Research Team/10:33,Feb 05,2013 |
| Marico recorded modest ~11% yoy growth in consolidated revenues at Rs11.6bn (below our expectations of Rs12.5bn) during Q3 FY13 mainly due to slower growth in its key brands Parachute, Saffola and the international business. |
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Feb 04, 2013
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12:07
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| Godrej Consumer Products (Q3 FY13) |
| India Infoline Research Team/12:07,Feb 04,2013 |
| Godrej Consumer Products (Q3 FY13) |
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Feb 01, 2013
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12:45
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| Colgate-Palmolive (India) (Q3 FY13) |
| India Infoline Research Team/12:45,Feb 01,2013 |
| Colgate recorded 13.9% yoy growth in revenues at Rs7.6bn during Q3 FY13 – marginally lower than our expecations of Rs7.9bn. |
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Jan 31, 2013
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15:30
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| Dabur India (Q3 FY13) |
| India Infoline Research Team/15:30,Jan 31,2013 |
| Domestic business revenues (contributing ~71% to consolidated sales) increased by 14.3% yoy to Rs11.9bn fuelled by healthy growth across key categories (except Digestives, down 5.4% yoy due to base effect). |
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Jan 23, 2013
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11:11
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| Hindustan Unilever Ltd (Q3 FY13) |
| India Infoline Research Team/11:11,Jan 23,2013 |
| Operating margins contracted by 120bps to 13.5% mainly due to sharp 100bps/60bps increase in adspend and staff cost. |
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Jan 21, 2013
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15:52
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| ITC Ltd (Q3 FY13) |
| India Infoline Research Team/15:52,Jan 21,2013 |
| Cigarette volumes recorded ~1.5% yoy increase partly aided by the successful launch of 64mm cigarettes. |
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Dec 05, 2012
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15:45
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| Jyothy Laboratories Ltd – Call Closure |
| India Infoline Research Team/15:45,Dec 05,2012 |
| Jyothy Laboratories Ltd – Call Closure
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Nov 30, 2012
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10:26
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| GlaxoSmithKline Consumer - Call Closure |
| India Infoline Research Team/10:26,Nov 30,2012 |
| We continue to remain positive on the company given its strong leadership position in the Malted Food Drinks segment |
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Nov 19, 2012
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12:06
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| Nestle India Ltd (Q3 CY12) |
| India Infoline Research Team/12:06,Nov 19,2012 |
| Nestle India Ltd (Q3 CY12) |
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Nov 06, 2012
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11:19
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| Godrej Consumer Products (Q2 FY13) |
| India Infoline Research Team/11:19,Nov 06,2012 |
| Godrej Consumer Products (Q2 FY13) |
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Nov 05, 2012
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15:17
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| Marico (Q2 FY13) |
| India Infoline Research Team/15:17,Nov 05,2012 |
| Marico (Q2 FY13) |
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Nov 02, 2012
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17:57
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| GlaxoSmithkline Consumer Healthcare (Q3 CY12) |
| India Infoline Research Team/17:57,Nov 02,2012 |
| GSK Consumer matched our expectations by recording strong 14.9% yoy growth during Q3 CY12 at Rs8.3bn. |
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