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FMCG Mid-cap: FY07 review...

May 30, 2007

The financial year has come and gone! The annual results that were awaited amidst much hype and expectations have been declared. The performance of the midcap FMCG has been well in line with what we expected. The volume growth continues to be encouraging. The midcap FMCG companies continued their good performance throughout the fiscal. In this article, we bring you an analysis of the performance of 4 mid-cap FMCG companies under our coverage. This analysis comprises of Marico, Pidilite, Godrej

FMCG: Mid-caps take centre stage...

Feb 1, 2006

FMCG results for the December quarter have been splendid in comparison to the same quarter the previous year. Today, we bring you an analysis of the performance of 4 mid-cap FMCG companies and reason as to why these companies are considered as the 'darlings of the markets', with every investor wanting to own them. The analysis comprises of Marico, Essel Propack, Pidilite and GSK Consumers.

FMCG: Who said it is slow?

Dec 29, 2005

After four years of lacklustre performance in both revenues and profits, the FMCG sector managed to get back on track in 2005. However, in 2005, smaller companies walked away with larger gains, as far as return on investment in these stocks is concerned. Also, their market shares have improved considerable, mainly at the cost of their larger peers and in some cases, regional players.

FMCG: The smaller the better?

Nov 16, 2005

Last week, we wrote about how large FMCG companies performed in the September quarter 2005 in comparison to the same quarter the previous year and the picture was quite decent. Today, we compare 5 other FMCG companies, albeit this time from the mid-cap space. The five companies included here are Dabur, Godrej Consumer Products, Colgate, Marico and Pidilite.

FMCG: Small is beautiful!

Jun 16, 2005

Yesterday we wrote about how large FMCG companies performed in FY05 in comparison to FY04 and the picture was quite bleak. Today, we compare 5 other FMCG companies, albeit this time from the mid-cap space. The five companies included here are Dabur, Godrej Consumer Products, Colgate, Marico and Pidilite.

Pidilite: Buoyancy tapered by 'crude' jolt

Nov 5, 2004

Adhesives and sealants major, Pidilite, reported a strong 18.5% topline growth during the September quarter. However, pressure on operating margins led to the company reporting only 10% bottomline growth. On a half yearly basis, the company reported nearly 17% topline and over 12% bottomline growth.

Pidilite: Growth sticks

May 29, 2003

Pidilite Industries, the adhesives and sealants major, declared its FY03 results recently. For the full year, the company's topline has grown at an encouraging 17%, backed by aggressive marketing strategy adopted during the year.

Pidilite: Some sticky issues

Jun 27, 2002

Adhesives and sealants major, Pidilite Industries', improved its showing in FY02. The company registered a 12% topline growth during the year. Backed by cost controls, Pidilite showed a slight improvement in operating margins.

Pidilite: Sticking to core

Apr 1, 2002

Adhesives and sealants major, Pidilite Industries, continues on its growth path. For the December quarter ended 2001, the company logged in a 20% growth in net profits. The company's topline improved by 12% during the quarter.

Pidilite net declines 13%

Jan 30, 2001

Pidilite Industries has declared a 13% decline in its net profit to Rs 146 m in 3QFY01. The company's turnover however, recorded a growth of 7% during the period.

Pidilite: Core focus holds the key

Nov 18, 2000

Pidilite Industries is engaged in the manufacture of adhesives and sealants (60% of turnover). Its flagship product ‘Fevicol’ is generic name for adhesives in India and commands 60% market share. The company is backed by a strong R&D base and has pioneered almost 60% of the products it sells. Therefore, its products command a huge price premium (nearly 500%) over competing brands.

Operating margins down for Pidilite

Jul 27, 2000

Pidilite Industries has posted a 5% growth in bottomline on a sales growth of 19%. Though the operating profit has gone up from Rs 191 m in 1QFY00 to Rs 212 m in 1QFY01, the operating margin has come down from 20% to 18%.

M–seal sticks to Pidilite

Apr 4, 2000

Pidilite has acquired the adhesives business (comprising M–seal and Mr. Fixit) from a subsidiary of the Mahindras. Both the brands together have a turnover of Rs 180–200 m.

Pidilite Industries posts 65% jump in net

Jan 28, 2000

Pidilite Industries Limited has posted a 65% rise in net profits during the quarter ended 31st December 1999. The company has benefited from improved operating margins and a decline in interest expenditure. The 54% rise in other income has also boosted the bottomline of the company.

Camlin maintains status quo in 2QFY2000

Oct 29, 1999

Stationery products major Camlin Limited has maintained its performance in the second quarter ended September 30, 1999 at more or less the previous year's levels. Net profit is up a shade by 11% to Rs 7 m. Sales also is up by 6% to Rs 400 m

Pidilite: in search of elusive growth

Oct 28, 1999

Pigments and adhesives major Pidilite has recorded an average performance in the second quarter ended September 30, 1999. Net profit declined by a shade to Rs 122 m. Turnover growth was a marginal 3% to Rs 1,089 m. The company's chemicals business has been a drag on its profit growth.


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