The majority of the industry experts are forecasting the situation to sustain till October i.e.Textile players suffering due to high cotton prices & the industry wants the government to support this situation.Loan rejection rates fell to pre-pandemic levels at 15% from a spike to 21% a few months ago😲.PAR 30 on a new book is 0.3% for the industry. Collection efficiency on the paying book is 99%. Asset quality is expected to be decent.During Q1 last year, the loans were disbursed to 72 lakh customers compared to 9.6 lakh customers in May 2022. Experts expect bad Q1FY23 due to new MFI regulations.To know more about BNPL and the company leading in this space, click here. Buy Now, Pay Later (BNPL)can work out really well, if the cost of funds is reasonable.This will helps the likes of Paytm make revenue from merchants (highest inroads in merchants).
Distributors from the other regions are not very sure about the impact.Īlso lately, promoter buying is happening across more than 10 companies in the cement industry🙌 Adani’s entry into the industry will have the least impact on the southern market as it has negligible exposure there.Broadly, companies in all the areas might take price hikes due to cost pressures but comparatively, companies in the north are expected to have better profitability Pricing: Prices usually remain constant in the north and western region whereas it is volatile in the south.Demand scenario:All the dealers are positive about the demand recovery in H2 2022 driven by infrastructure projects.Other competitors- GPI & VST industries which lost the market share in the past, are trying to make a comeback by launching aggressive schemes. Dealers are no longer given impractical aggressive sales targets now & the focus is on maintaining competitiveness & high visibility. Trade terms & conditions are improving under the leadership of Devraj Lahiri (CEO of the cigarettes business).While ITC is already a market leader with a market share of ~78%, to further gain market share, ITC has launched 4 new brands of cigarettes- Players, Gold Flake Mixpod, Classic Connect, and Indie Mint. ↪️ Cigarette volumes have recovered to pre-covid levels, with recovery driven by the premium segment. There is still a sign of relief in this segment till the time Jiomart doesn’t enter this area. Rural demand remains weak poor traction in summer products & Balm portfolio. Iii) Biscuits & Bingo: Performing decently. Ii) Yippee: Gaining market share from Maggi🏆 as the company didn’t take the price hike here compared to the Rs2 hike taken by Maggi. Value-added sales contribute 10% of total sales. I) Atta (Aashirvaad): Healthy growth rate experienced here, 3-4% price hike taken in last 12 months. In ITC’s FMCG business, its Hygiene brand- Savlon is facing sales pressure but the packaged food category is doing well. ITC is making new highs and is now everybody’s favourite stock 🙂 If you are wondering what changed about the stock, we explain here:
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