In today’s briefing:
- Demand recovery across segments to propel earnings
- Jubilant FoodWorks (Update): CEO quits adds risks on all fronts. Maintain REDUCE
Demand recovery across segments to propel earnings
- Demand recovery across segments to propel earnings Godrej Agrovet (GOAGRO) is likely to witness better demand across its segments of Palm Oil, Animal Feed (AF) and Crop Protection (CP).
- Conversely, the palm oil business is likely to be a beneficiary of rising prices.
- The palm oil prices rallied 42% YoY to USD1,383/t as of Jan’22..
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Jubilant FoodWorks (Update): CEO quits adds risks on all fronts. Maintain REDUCE
- We have seen CEO changes for various other consumer companies in the past, and most changes have been value accretive.
- However, we remain cautious until the new CEO showcases his execution capability.
- His exit (along with past exits of many members of senior management) is certainly adding several risks.
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.
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