Icici direct

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. … [Read more...] about Hold Federal Bank; target of Rs 47: ICICI Direct

Radico Khaitan (RKL) reported 15% revenue growth in Q4FY20 to Rs 585 crore. Gross margin declined 400 bps to 48.6% owing to elevated input cost. However, the company reported flat EBITDA margin at 14.1% on account of lower employee, selling and other expense, which declined 66 bps, 220 bps, 340 bps, respectively. Consequently, EBITDA grew 15% YoY to Rs 82.3 crore. Higher depreciation, interest and lower other income led PBT before extraordinary expense to grow 10% to Rs 62.6 crore. Further, exceptional loss of Rs 8.6 crore and loss from associate of Rs 6 crore led net profit to fall 20% to Rs 33 crore. … [Read more...] about Buy Radico Khaitan; target of Rs 400: ICICI Direct

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. … [Read more...] about Buy Sun Pharmaceutical Industries; target of Rs 540: ICICI Direct

Q4FY20 volumes of United Spirit de-grew 13%, mainly due to broad based consumption slowdown. In line with the weak performance of its major competitor Pernod Ricard, USL also faced strong headwinds in the P&A category (fell 20% YoY), while the Popular category de-grew 7%. The weak performance on the volume front comes on a weak base of 1% volume growth in Q4FY19. Further, H1FY21 is expected to remain muted, amid lockdown, excise and cess hikes by various states. EBITDA margins grew mere 101 bps YoY to 13.6% on a low base (mainly due to unfavourable product mix and higher other expenses). Subsequently, resultant EBITDA, PAT, de-grew 4%, 81%, respectively (weak operating leverage further impacted by higher depreciation, lower other income and higher tax rate). … [Read more...] about Buy United Spirits; target of Rs 650: ICICI Direct

Kewal Kiran Clothing (KKCL) reported a moderate set of Q4FY20 numbers. Revenue de-grew 4.9% YoY (flat sequentially) to Rs 126.6 crore, mainly owing to volumes declining 6% to 13.0 lakh pieces. Jeans category (59% of sales) declined 10% YoY to Rs 73.4 crore whereas revenue from shirt segment (21% of sales) grew 15% YoY to Rs 25.8 crore. Owing to an unfavourable product mix, gross margins declined 510 bps YoY to 47.4%. However, controlled operating expenses and lower selling expense led EBITDA margins to decline 370 bps YoY to 17.0%. EBITDA de-grew 22% to Rs 21.5 crore. Subsequently, PBT de-grew 28% to Rs 21.7 crore while PAT de-grew 22% to Rs 15.8 crore owing to a lower tax rate (27% vs. 33%). … [Read more...] about Buy Kewal Kiran Clothing; target of Rs 820: ICICI Direct