In today’s briefing:
- Escorts Ltd (ESC IN) | Expected to Grow Slower than Industry
- Hindustan Unilever – Widening Its Leadership Position
- Mahindra & Mahindra – On Track to Achieve Long Term Targets
Escorts Ltd (ESC IN) | Expected to Grow Slower than Industry
- Escorts Ltd (ESC IN) has been losing market share. As per management, “there are no “big” problems and they will regain the market share”, but we do not think so.
- Some flash channel checks are suggesting issues with some of the company’s products. These issues still remain unaddressed as per some dealers and customers.
- While the export opportunity and overall industry dynamics are positive unless the market share is regained, growth is likely to be slower than industry.
Hindustan Unilever – Widening Its Leadership Position
- Gaining market share: HUVR now has 16 brands with over INR10b in annual sales (v/s 14 brands in FY21). In FY22, its gain in market share was the highest in more than a decade.
- Strengthening its technological backbone: HUVR continues to evolve as a digitally capable enterprise, catering to emerging consumer needs.
- The core business continues to use analytics and machine learning to improve efficiency.
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.
Mahindra & Mahindra – On Track to Achieve Long Term Targets
- The company is seeing strong demand for its products and expects growth momentum to continue, backed by a robust order book.
- It will launch new Scorpio N at the end of June’22 and it will be sold alongside the old Scorpio model.
- The company expects single digit growth in tractor volume going ahead, mainly driven by a good monsoon season and improving rural cash flows.
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.
Before it’s here, it’s on Smartkarma
