With normalcy fast returning in modern trade (MT) and out-of-home (OOH) consumption, along with consolidation in favour of more trusted brands within home consumption, we believe Nestle is by far the best placed foods company
We believe WRAP’s re-certification and, most importantly, a statement from Jockey, should settle the uncertainty related to the issue. However, we retain our call on the company being unable to retain market share. Hence, m
Management has highlighted strong progress of cropping season across global markets. Rise in commodity prices along with demand recovery across ATAM and South-East Asia is helping UPL gain market share.
Potential GBP depreciation and reducing import content (from EU) should be also beneficial. Beyond Brexit, JLR continues to stay on course while India (M&HCVs) is primed for a Super Recovery and a sharp PV turnaround.
The CEO explained the five strategic priorities, but also focussed on his strategy of prioritising and deprioritising sectors and markets, bringing in a chief growth officer, creating a large deals team and leveraging strateg
We upgrade Mahindra & Mahindra (M&M) to ‘Buy’ and revise up FY22E core EPS 8% with TP of Rs 721 (earlier
Rs 633) led by strong Q2FY21 performance; improving auto segment outlook (lean inventory, Thar launch,