External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Marico's 2QFY25 results were marginally above our estimates, driven by better-than-expected operating profits</li><li>Domestic volume growth of 5% during 2QFY25 was in line with expectations and was supported by the following factors: a) Parachute's secondary volume offtake grew in high single digits, aided by market share gains and accelerated conversion from loose to branded products, especially in an inflationary copra environment</li><li>b) Saffola reported flat volumes as the pricing cycle for the brand turned favourable after eight quarters</li></ul><p><em>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.</em></p>

Marico's 2QFY25 results were marginally above our estimates, driven by better-than-expected operating profitsDomestic volume growth of 5% during 2QFY25 was in line with expectations and was supported by the following factors: a) Parachute's secondary volume offtake grew in high single digits, aided by market share gains and accelerated conversion from loose to branded products, especially in an inflationary copra environmentb) Saffola reported flat volumes as the pricing cycle for the brand turned favourable after eight quartersContent 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.

Marico - High RM Costs to Impact Margins in 2HFY25

Marico Ltd

Marico - High RM Costs to Impact Margins in 2HFY25