Markets — صفحه 3 از 5 — ✅ خرید وی پی ان ❇ ip ثایت vPn آی پی اختصاصی ◐

ژوئن 29, 2022

Beam Suntory on the importance of travel retail for India business success

Beam Suntory owns multiple premium liquor brands in India, from the award-winning Teacher’s whiskey to Jim Beam bourbon, and its focus in this area has meant that it has had to face multiple challenges from alcohol taxes to travel bans in the past two years.Its travel retail business has been hit especially hard, not only due to a general lack of travellers due to border closure but also liquor excise changes having affected travel retail pricing.Previously, liquor being sold in travel retail had a price arbitrage over liquor being sold in the domestic market, which attracted local consumers even with a lack of foreign travellers.However, since 2021, several areas in India such as Delhi changed liquor excise policies causing some travel retail prices to become even more expensive than domestic retail.“Travel retail is incredibly important to Beam Suntory as it is our premium connection to global consumers, and is a very strategic channel for growth [as it] allows us to build our brands at scale both globally and locally,” Beam Suntory Global Travel Retail Managing Director Ashish Gandham said at the recent Tax Free World Association APAC Conference.“It is a very massive priority in India as we already know that the Indian traveller is going to rise in prominence, looking at the numbers in terms of scale – by 2026,we anticipate the Indian traveller numbers to be in the top five in the world globally; and it must also be noted that there’s a generally younger demographic growing here which means more travel as well.“Our numbers show that 77% of Indian shoppers will go to a store every time they travel, which is 1.8 times the global average; and 49% of these duty free visitors buy something every time they make a trip, which is 2.2 times the global average – it’s such a massive, massive opportunity and expected to keep growing further, [so in India] it’s extremely important to Beam Suntory to revive this sector.”Important trends for growthFurther research data has also shown that the pandemic has changed the way Indian consumers are approaching their alcohol purchasing decisions, and a lot of this change has to do with technology.“We know that compared to a miniscule 4% before, nowadays some 40% of Indian passengers will see advertisements online and base purchasing decisions or interest off of those; and that pre-planned purchases make up 50% of all purchases,” said Gandham.“In addition, there is also added demand for a personal experience when buying alcohol, particularly spirits now – 75% of buyers have been buying exclusive items after COVID-19 hit, compared to 43% previously.”Beam Suntory believes that capitalising on these consumer trends is key, which will mean adjusting various aspects of retail from product assortment to presentation.“When premium liquor is mentioned, this used to be connected mainly with just upper-middle class consumers, but now we know that our reach needs to be broader and we must innovate to provide offerings for various shopping groups,” he added.“There is also a need to elevate shopper experiences particularly in making things as connected as possible, e.g. providing a seamless digital to in-store experience, and then making the in-store experience as experiential and immersive as possible.“It should also be noted that more importance must be placed on training up sales staff, as 24% of shoppers in India have claimed to have their purchasing decisions influenced by a sales staff member, which is 1.5 times the global average.”That said, he acknowledged that there are still multiple challenges that Beam Suntory will need to overcome in India from COVID volatility to logistical hurdles to regulatory challenges and geo-political or economic shocks, but that the firm is committed to making the relevant improvements.“In a nutshell, we have a traveller who’s more aware and has really, really high expectations set for us to deliver on [and] these are things is the work we need to do to [to grow], but this is really a massive growth opportunity led by a vibrant economy and expanding passenger base with a shopper that is absolutely engaged, so we will go for it,” he said. .

ژوئن 7, 2022

Analysts take a bite of premium QSR stocks as restaurants hike prices

Dine-in and quick service restaurant (QSR) owners are facing a double whammy of cost pressure. Raw material costs for edible oil, fresh milk, wheat, coffee, vegetables, tea, and sugar have surged up to 60 per cent year-on-year (YoY) owing to sappy supply chains and rupee depreciation/costlier imports.

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First Published: Tue, June 07 2022. 11:15 IST !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);fbq(‘init’,’550264998751686′);fbq(‘track’,’PageView’); .

ژوئن 3, 2022

Aether Industries locked at upper circuit after listing at 10% premium

Aether Industries’ shares were locked at the upper circuit on Friday, after debuting at Rs 706 apiece on the BSE, a 10-per cent premium over its issue price of Rs 642. The stock opened at Rs 704 on the National Stock Exchange (NSE).
At 10:02 AM, the shares were 21 per cent higher against the issue price, at Rs 776.75, with only buyers on the counter of the specialty chemical manufacturer. A combined 3.8 million equity shares had changed hands and there are pending buy orders for 1.2 million shares on the NSE and BSE, exchange data shows. In comparison, the S&P BSE Sensex was up 1 per cent at 56,387 points.
The Rs 800-crore initial public offer (IPO) was subscribed 6.26 times. The qualified institutional buyers (QIBs) category was subscribed 17.57 times, the non-institutional investor’s category was subscribed 2.52 times, and the retail investor’s category was subscribed 1.14 times.
Aether plans to utilise Rs 627 crore of fresh issue to fund capital expenditure requirements of Greenfield projects, repayment of outstanding borrowings, and general corporate purposes.
The Gujarat-based company focuses on producing advanced intermediaries and specialty chemicals that involve complex and differentiated chemistry with technology as core competencies. Analysts believe that Aether’s multiple chemistry competencies to use for a wide array of products makes it a distinguished market player than other chemical companies.
According to Frost & Sullivan, Aether’s revenue for its key products has grown much faster than the industry highlighting that it is able to take away market share from its competitors, which are mostly in China.
“The company benefits from the established relationships with multinational, regional and local customers. In particular, the company proposes to introduce new products with varied applications across industries. The company also is looking to connect with existing and potential customers where it can support them with its CRAMS and contract / exclusive business models,” IIFL Securities had said in IPO note.
While the issue was priced at a P/E of 72.30 based on annualized FY22 numbers, Aayush Agrawal, Senior Analyst, Swastika Investmart believes that the company deserves this premium multiple due to its phenomenal growth prospects. Post listing, long-term investors may accumulate the stock, he suggests.
Analysts at ICICI Securities, too, said Aether is a niche player in the speciality chemical business and enjoys dominating market share in few select products with high margins. However, they opine that the valuations (~58.9x EV/EBITDA and ~72.4x P/E for 9MFY22 (annualised)) look demanding at the upper price band.
“The company derives a major chunk of revenues from marquee customers without having long term contracts with all of these customers. The dependency on certain industries for significant portion of sales and dependency on certain export incentives,” the brokerage firm had said in IPO note.

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ژوئن 1, 2022

eMudhra makes decent debut, stock lists at 6% premium to issue price

eMudhra has made a decent stock market debut, as its shares got listed at Rs 271, a 6 per cent premium when compared with the issue price of Rs 256 per share on the BSE on Wednesday. On the National Stock Exchange (NSE), the stock opened at Rs 270 per share.
At 10:03 am; eMudhra traded at Rs 267, 4 per cent higher as against the issue price on the BSE. The stock hit a high of Rs 279 and a low of Rs 263.90 per share on the BSE so far. A combined 2.4 million equity shares changed hands on the BSE and NSE.

The initial public offer (IPO) of eMudhra had received a decent subscription with the issue subscribed at 2.72 times. The qualified institutional buyers (QIBs) category was subscribed 4.05 times. The retail investors category was subscribed 2.61 times and the non-institutional investors category was subscribed 1.28 times.
The company proposes to utilize the net proceeds of the fresh issue towards funding prepayment or repayment in part of all or certain borrowings availed by the company, funding its working capital requirements, purchase of equipment and funding of other related cost for data centers proposed to be set up in India and overseas locations and others.
eMudhra is engaged in the business of providing Digital Trust Services and Enterprise Solutions to individuals and organizations functioning in various industries. It has strong digital signature certificate expertise and is the only Indian company to be directly recognized by renowned browsers and document processing software companies such as Microsoft, Mozilla, Apple, and Adobe, allowing it to sell digital identities to individuals and organizations worldwide and issue SSL/TLS certificates for website authentication.
eMudhra has an established position as licensed Certifying Authorities (CA) with a strong network of channel partners, a diverse customer base and it will be using part of the IPO proceeds to grow in overseas markets as well improve its data center infrastructure. However, the scale of operation is relatively modest and digital security and paperless transformation market is highly competitive, analyst at Angel One said in an IPO note.
With strong market share and robust customer retention ratio (96 per cent & 88 per cent in Digital Services and Enterprise Solutions respectively), we believe the company has first mover advantage and is well poised to encash on growth opportunity from the growing IT/Digitization space. In terms of end-users, Banking, Education and Manufacturing sectors are likely to drive growth for players like eMudhra, SBI Securities had said in a note.

می 27, 2022

Paradeep Phosphates lists at 4% premium; extends rally to gain up to 13%

Paradeep Phosphates made a decent market debut on Friday, with its shares getting listed at Rs 43.55 on the BSE, a 4 per cent premium over its issue price of Rs 42 per share. Post listing, the stock of the fertiliser company surged as much as 13 per cent to Rs 47.25. On the National Stock Exchange (NSE), the stock opened at Rs 44.
At 10:07 am; Paradeep Phosphates was trading at Rs 45.85, up 5 per cent from its opening level on the BSE. A combined around 56 million equity shares had changed hands on the BSE and NSE.

The Rs 1,500-crore initial public offering (IPO) of Paradeep Phosphates had managed to scrape through despite challenging market conditions.
The issue garened 1.75 times subscription. The retail investor portion of the issue was subscribed 1.37 times, high-networth individual (HNI) portion was covered 82 per cent and the institutional investor category saw three times subscription.
The net proceeds of the fresh issue are proposed to be utilised to partly finance the acquisition of the Goa facility, repayment/prepayment of certain borrowings and general corporate purposes.
Paradeep Phosphates is part of the Zuari group and is engaged in manufacturing, trading, distribution, and sales of a variety of complex fertilizers such as DAP, three grades of Nitrogen-Phosphorus Potassium (namely NPK-10, NPK-12, and NP-20), Zypmite, Phosphogypsum and Hydroflorosilicic Acid.
The company is the second largest private sector manufacturer of non-urea fertilizers and Diammonium Phosphate(DAP) in terms of volume sales for the nine months ended December 31, 2021. The company’s fertilizers are marketed under the brand names Jai Kisaan-Navratna and Navratna.
In terms of valuations, the stock will trade at post issue P/E multiple of 15.3 times FY21 EPS (at the upper end of the issue price band), which is in line with other players like Chambal fertilizer and Deepak fertilizers, though they may not be strictly comparable, said Angel One in an IPO note.
Upon the completion of the Goa transaction, the company will acquire the business of developing, manufacturing and trading of urea and NPK products carried out at the Goa facility.
Subsequent to the acquisition of the Goa facility, its total fertilizer production capacity is expected to increase by 1.2 million MT, comprising annual granulation capacity of DAP and NPK production plants to increase by approximately 0.80 MT; and annual capacity of producing Urea to be approximately 0.04 MT, said HDFC Securities said in an IPO note.
The company is also in the process of increasing the production capacity of certain facilities, developing new plants and modernizing certain equipment, the brokerage said.