Latest news with #INR500
Time of India
7 days ago
- Business
- Time of India
Top stocks to buy: Stock recommendations for the week starting June 2, 2025
Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting June 2, 2025) are Radico Khaitan and JK Cement. Let's take a look: Stock Name CMP (Rs) Target (Rs) Upside (%) Radico Khaitan 2547 3000 18% JK Cement 5465 6060 11% Radico Khaitan Radico Khaitan, a legacy player since 1943, is one of the oldest and largest IMFL manufacturers in India with a diverse portfolio across whisky, vodka, gin, rum, and brandy (ranging from INR500 to INR8000), covering a large customer base. Tired of too many ads? go ad free now Driven by consistent volume growth (from 20m cases in FY15 to 31m in FY25) & sharp execution, Radico has outperformed peers through premiumisation & is now expanding its premium & luxury portfolio to strengthen trade & consumer pull. With an ~8% IMFL market share and rising presence in the P&A segment, we estimate a robust 6%/22%/30% in revenue/EBITDA/APAT CAGR during FY25-28E. Overall volume is projected at 9%, driven by a robust 15% CAGR in the P&A portfolio. JK Cement JK Cement (JKCE) reported better-than-expected results for 4QFY25, exceeding our estimates primarily due to a strong 15% YoY growth in volumes. Revenue/EBITDA/adj. PAT rose by 15%/37%/69% YoY. Management aims to achieve ~20mt grey cement volume (~12% YoY growth) in FY26. Of the ₹150–200/t cost-saving target, ₹40/t was realized in FY25; FY26 should see ₹25–30/t savings plus a full-year ₹75/t benefit. JKCE remains one of our preferred picks in the cement sector. We raise FY26/27E EBITDA by ~4% each on higher volume and better profitability of its UAE plant. We expect its revenue/EBITDA/profits to post a CAGR of 15%/20%/31% over FY25-27E. Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.
Yahoo
14-05-2025
- Business
- Yahoo
Jyothy Labs Ltd (BOM:532926) Q4 2025 Earnings Call Highlights: Strong Volume Growth Amidst ...
Consolidated Revenue: INR667 crore for Q4, 1.1% value growth and 4% volume growth year on year. Gross Margin: 49.2% for Q4, down 30 bps YoY. Operating EBITDA Margin: Improved to 16.8% in Q4 from 16.4% last year. Full Year Value Growth: 3.3% for FY25. Full Year Volume Growth: 6.4% for FY25. Fabric Care Growth: 2.1% in Q4 and 5% for the full year. Dishwash Growth: 3.1% in Q4 and 3.7% for the year. Personal Care Decline: 8.8% in Q4 and 0.9% for the year. Household Insecticides Decline: 4.8% in Q4 and 6.5% for the year. EBITDA: Grew from INR480 crore to INR500 crore, with a 17.5% margin. Profit After Tax (PAT): Over INR370 crore. Effective Tax Rate: 22.4% for Q4, nearly 23% for the full year. Working Capital Cycle: 18 days as of March end. Cash Balance: Exceeding INR750 crore, company remains debt-free. Dividend: Final dividend of INR3.5 per share for FY25. Warning! GuruFocus has detected 9 Warning Sign with KUW:MEZZAN. Release Date: May 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Jyothy Labs Ltd (BOM:532926) reported a 4% volume growth year on year for Q4 FY25, indicating strong demand for its products. The Fabric Care segment showed resilience with a 5% growth for the full year, driven by liquid detergents and detergent powders. The company maintained a robust cash balance exceeding INR750 crore, ensuring financial stability and potential for future investments. Jyothy Labs Ltd (BOM:532926) remains debt-free, which provides financial flexibility and reduces financial risk. The company has successfully increased its market share in Kerala for Ujala detergent powder, rising to 24.5% in FY25. The company faced a decline in Personal Care revenue by 8.8% in Q4 and 0.9% for the year, impacted by inflation and a high base. Household insecticides segment saw a decline of 4.8% in Q4 and 6.5% for the year, indicating challenges in this category. Gross margin for Q4 was down 30 bps year on year, reflecting continued input cost pressures. The company experienced a gap between volume and value growth due to higher promotional prices in select categories. Working capital increased in FY25 due to higher inventory and receivables, partly driven by elevated raw material prices. Q: What is the contribution of liquid detergents to overall Fabric Care, and is it cheaper to set up a liquid detergent plant compared to a powder plant? A: Pawan Agarwal, CFO, stated that liquid detergents are growing rapidly, but exact percentages are not disclosed. Regarding the cost of setting up plants, they have sufficient capacity and have not evaluated the cost difference as they haven't faced the need for new setups. Q: Can you provide insights on the Household Insecticides (HI) segment and its profitability outlook? A: Pawan Agarwal, CFO, mentioned that the HI segment is focusing on minimizing losses in coils and promoting liquid vaporizer (LV) products, which are profitable. The segment is expected to perform better in FY26 compared to FY25. Q: Why was there a reduction in advertising spend this quarter, and what is the outlook for ad spend in FY26? A: Pawan Agarwal, CFO, explained that the reduction in Q4 was a recalibration and not a trend. The company plans to continue investing 8.5% to 9% of revenue in advertising and promotions in the near to medium term. Q: What are the reasons behind the volume-value gap, and how is it expected to evolve? A: Pawan Agarwal, CFO, noted that competitive intensity and promotional offers are causing a 2% to 3% gap between volume and value growth. This gap is expected to persist in the near term but may stabilize over time. Q: What are the new initiatives to drive growth, given that past initiatives have matured? A: Pawan Agarwal, CFO, highlighted that the company is working on new product developments (NPDs) across categories, which will be launched in the current financial year to drive future growth. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
