May '10 - Few launches and acquisitions. Parent companies are sharpening their focus on India operations. In this month, we saw a few new launches. The month was, however, quiet in terms of pricing, as most raw material prices have held steady. n Acquisitions continue in May '10. The flow of acquisitions continues even in May '10, with GCP acquiring two companies in Argentina . Marico acquired one in Singapore . n Stable raw material prices. Prices of most major raw materials were unchanged during May '10. Prices of crude oil derivatives (LAB and PE) have increased almost 2.5% and would affect HUL. Lower agro product prices would help Britannia and Nestlé India . n Notable launches. Notable was the entry of ITC into skincare with its launch of Vivel Active Fair. It also launched cigarettes at Rs1.5 of Bristol, Scissors and Capstan brands & Vivel Deo soaps. n Pricing actions. There were no major pricing actions. However, on 1 May '10 Asian Paints increased prices 4.1%. HUL resorted to offering various consumer offers on Lux soap and Pepsodent toothpaste in order to regain lost market share. n Stock calls. We have Buy ratings on Asian Paints, Dabur, Colgate, Marico, GCP, GSK and Emami.
Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
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