TOP CORPORATE NEWS- 01 NOV 2016

Marico Q2: Parachute disappoints, other brands steady

Marico Q2FY2017 result update – Parachute disappoints other brands registered steady performance (Reco – Hold; PT Rs310)

Revenue flat; margin expansion, higher other income lead to PAT growth: Marico’s Q2FY2017 consolidated revenue stood flat at Rs1, 442.8 crore, largely affected by volume decline and price deflation in Parachute rigid packs in India.

The volume growth moderated to 3.5% YoY from 8% YoY in Q1FY2017, largely on account of 6% YoY drop in Parachute rigid pack volumes, while Saffola edible oil and Hair portfolio maintained steady volume growth.

Eicher Motors sales in October 2016 grow strongly 33% YoY

Eicher Motors (Royal Enfield) sales in October 2016 grew strongly 33% yoy to 59,127 units and were in line with our estimates.

Royal Enfield continues to witness strong demand with the orderbook standing close to 1-3 months.

NTPC Q2: Profit at Rs2496 Cr

NTPC Q2: Profit at Rs2496 Cr

Revenue at Rs19398 Cr

EBITDA at Rs5, 396 Cr

EBITDA Margin at 27.8%.

Colgate Q2: Net Profit up 15.6% at Rs181 Cr

Colgate Q2: Net Profit up 15.6% at Rs181 Cr

Revenue up 9.9% at Rs1, 203 Cr (YoY)

EBITDA up 8.1% at Rs275 Cr Vs Rs254.3 Cr

Margin at 22.8% Vs 23.2% (YoY)

Volume Growth at 4% Vs 6% (QoQ); Vs 3% (YoY).

Century Textiles Q2: Net Profit at Rs41.1 Cr

Century Textiles Q2: Net Profit at Rs41.1 Cr.

Total Income down 4.5% at Rs2, 033.9 Cr.

EBITDA Margin at 11.1% Vs 6.7% (YoY).

Dish TV Q2 (QoQ): PAT Up 71.4% at Rs70.1 Cr

Dish TV Q2 (QoQ): PAT Up 71.4% at Rs70.1 Cr.

Total Income up 0.1% at Rs779.3 Cr.

EBITDA Margin at 33.9% Vs 34%.