Company unlikely to take up price cuts for flagship Parachute brand
The company's revenue from operations during Q1 stood at Rs 2,166 crore, up 6.8 per cent
The volume push would also get support from the new-age distribution channels such as e-commerce
Greater thrust on urban premiumisation, higher sales from online and modern trade and lower rural exposure helped insulate the company
For the 2018-19 fiscal, the company posted a net profit of Rs 1,135 crore, up 37.24 per cent from Rs 827 crore in 2017-18
Benefits from benign copra prices to be used in advertising spends
The key to unlocking the potential of the digital sales lies in creating differentiated offerings for buyers who are both aspirational and self-assured about their brand choices
Impact of rising market share on margins will interest investors
Copra prices have come down by 32% in 2018
Profitability and volumes of key Parachute brand of oil to get a major boost, say analysts
Company may look at 5-6 launches a year as the market for premium and niche products grows
Pain at the core-gross level also percolated to the earnings before interest, taxes, depreciation and amortisation (Ebitda)
For Mariwala, the man behind successful brands, such as Parachute, Saffola and the Kaya chain of beauty clinics, dabbling in health and wellness is not new
The company continues to focus on protecting and growing our franchise at the cost of short-term profitability
The FMCG company has launched its first digital-exclusive brand Studio X in an apparent bid to test the online market
Rising copra price leads to biggest contraction in Ebitda in many quarters
The stock hit two-month high of Rs 319.55, up 5% on the NSE in otherwise range-bound market on back of heavy volumes.
The cost pressure marred the December 2017 quarter (Q3) performance of the country's largest hair oil company.
While prospects in new categories such as soups are high, the company faces well-entrenched competition
The stock dipped 5% to Rs 317, falling 6% from its record high of Rs 336 touched in intra-day trade