Godrej Consumer, JK Lakshmi, Somany Ceramics Q4 Reviews: HDFC Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..HDFC Securities Institutional Equities.Godrej Consumers Products Ltd. - Godrej Consumer’s Q4 performance was a mixed bag, with in-line revenue but a miss on Ebitda margin. Consolidated revenue grew 7% YoY - domestic revenue was up by 9% (7% three-year revenue compound annual growth rate) and international was up 4%.JK Lakshmi Cement Ltd. - We are optimistic about JK Lakshmi Cement Ltd. and expect its current low gearing and healthy cash flow to support its planned Udaipur expansion, without stressing its balance sheet and keeping the return on equity buoyant.Somany Ceramics Ltd. - We continue to like Somany Ceramics for its strong retail distribution, improving product mix, and tightened working capital. With the recent capacity expansion of ~20% in Q1 FY23, we expect the company to continue industry leading volume growth..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Godrej Consumer, JK Lakshmi, Somany Ceramics Q4 Reviews: HDFC Securities

Godrej Consumer, JK Lakshmi, Somany Ceramics Q4 Reviews: HDFC Securities

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