Tag: Market share

KFin Tech anticipates 15-17% revenue growth in FY24 with consistent market share expansion

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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KFin Technologies’ growth prospects are well-founded, as the company’s market share has been consistently increasing in recent years. The company is currently holding a 35 percent market share and expects a 50 basis point increase in FY24. This increase in market share would be a significant achievement for KFin Technologies, as it would help consolidate its position as a leading player in the market.

Currently, KFin Tech is a leading provider of investor and issuer services, and its offerings are highly valued by clients. This has allowed the company to build a loyal customer base, which in turn helped to expand the market share over a period of time.

In an interview with CNBC-TV18, Sreekanth Nadella, MD & CEO of KFin Technologies said that he expects mid-teens revenue growth and a margin between 40-45 percent in FY24.

Also Read | KFin Technologies acquires 25.6% stake in account aggregator Fintech Products and Solutions for Rs 6.5 crore

Nadella said, “In terms of revenue growth, we are looking at mid-teens this year. Revenue contribution from other lines of business like our international, alternatives, and the pension businesses – they have been growing north of 25 percent and that trajectory will continue this year.”

“Our market share has been steadily growing over the last 4 years. It has improved from 29 percent to 35 percent this year. It would be hard for me to predicate market share expansion, but I would like to believe that anywhere around 50 basis points are a possibility this year,” added Nadella.

Talking about FY24, Nadella said that he is confident that KFin Technologies will continue to grow and thrive. The company has several exciting initiatives in the pipeline at present, and it is well-positioned to take advantage of emerging opportunities in the market.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Berger Paints aims to grab 20% market share by 2023-end as construction activities pick up in non-urban centres

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Berger Paints, one of the leading paint manufacturers in India, is aiming to cross a market share of 20 percent by the end of this year. This ambitious goal was revealed by the company’s MD and CEO, Abhijit Roy, in a recent interview with CNBC-TV18. The company has been steadily expanding its reach in the Indian market, and this target is a testament to its commitment to growth.

“Currently we are standing at around 19.4-19.5 percent market share but we should be able to cross the 20 percent mark hopefully next year,” he said.

Berger Paints has been focusing on expanding its presence in non-urban centers, and the efforts seem to be paying off.

According to Roy, the non-urban centers have started to do better in February, which is a positive sign for the company’s growth prospects. The company has been targeting these regions with a range of affordable products, and it seems that the strategy is working.

The company’s performance in the fourth quarter of the fiscal year has also been impressive. According to Roy, the company has seen double-digit volume and value growth in this period. This is a significant achievement, considering the challenging economic conditions caused by the pandemic.

“Quarter three had a very high base and that is why the growth rates were limited in quarter three of this year. however, quarter four is a normalized base and therefore we expect double digit volume growth and value growth in quarter four,” he said.

Berger Paints has been able to maintain its momentum, thanks to its innovative products, efficient operations, and customer-centric approach.

Also Read | Berger Paints sees the rural markets starting to recover

Berger Paints has been expanding its product portfolio with a focus on sustainability and innovation. The company has been introducing eco-friendly products that are not only better for the environment but also offer superior performance.

The company has also been investing in research and development to create new products that meet the evolving needs of customers.

Also Read | Asian Paints to set up manufacturing plant in Gujarat’s Dahej

Berger Paints has a strong distribution network, which includes over 25,000 dealers and retailers across India. The company has been investing in technology to make its distribution system more efficient and customer-friendly. It has launched an online platform that allows customers to purchase products and get them delivered to their doorstep.

The stock was down 2.23 percent in the last week and was up 3.14 percent in the past month.

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Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Titan sees 39% jump in new customers; expects to sustain 12-13% margin

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Ashok Sonthalia, CFO, Titan, on Friday, said that the company is seeing an increase in market share with 39 percent growth in new customers.  He added that both the digital and omni-channels are becoming extremely important for the company.

“What gives us a sense that we are gaining market share is that our number of buyers have increased handsomely and within that, the new customers have increased higher than the number of buyers – 32 percent customer growth and 39-40 percent new customer growth. So that gives us confidence that we are gaining market share,” he said.

“Digital and omni-channels are becoming hugely important and in a way, is supplementing the whole physical retail network. All are working with each other and customer is also becoming very comfortable with each of them – even high value item like jewellery,” he added.

Also Read: See strong demand across segments; topline CAGR steady at 15%: Crompton Greaves

Sonthalia believes margin will remain at 12-13 percent.

“We have been talking about 12-13 percent margin range and then we are operating at the higher end and slightly above that; 13 percent seems to be a decent margin to gun for with a very good growth,” Sonthalia said.

Titan Company Ltd recently came out with its Q3 earnings. The company reported a 91 percent jump in consolidated net profit at Rs 1,012 crore for the third quarter ended December 2021, driven by strong demand across its consumer businesses. The company had posted a consolidated net profit of Rs 530 crore in the same period last fiscal. Meanwhile its consolidated total income during the quarter under review stood at Rs 10,094 crore, as compared to Rs 7,659 crore in the year-ago period.

Also Read: Remain positive on India, Budget 2022 good: Bank Julius Baer’s Mark Matthews

On its recent performance, Sonthalia affirmed that Q3 was indeed a good quarter, with an overall growth of 36 percent. However, he mentioned that coming out of Q3, January has seen a slight dip but he expects the balance months of Q4 to be normal.

He said, “Q3 has been quite well for us – 36 percent overall growth and profitability-wise, almost 100 percent growth. January has been slightly slower compared to what we had thought while coming out of Q3 but it appears that things are getting normalized very quickly.”

“Almost all the restrictions on weekends and the store opening etc., have lifted across the country. So we believe February and March should be normal. The trend is continuing of formalization of the economy – people trying to go with the trusted brands etc., and Titan is of course a beneficiary,” he added.

Also Read: Tata Mutual Fund: Going to be year of cyclicals; uptick in realty activity benefits many sectors

Watch the video for the full interview.

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Titan will focus on all parts of product mix, says CFO Sonthalia

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Titan will continue to focus on all parts of the product mix, Ashok Sonthalia, chief financial officer (CFO) said on Thursday.

“Our focus has always been to bring out new collections, new designs, new mix to attract customers and develop the studded market, but at the same time, gold is also doing extremely well. And, Titan, for the purpose of getting the mix back to 40 percent, will not slow down gold-selling efforts,” he told CNBC-TV18.

Sonthalia’s remark comes a day after Tata Group firm Titan Company Limited posted a 270 percent increase in its consolidated net profit to Rs 641 crore for the second quarter ended September 30, 2021. In the corresponding quarter last year, the company had reported a net profit of Rs 199 crore.

Also Read: Titan Q2 results: Net profit spikes 270% to Rs 641 crore, revenue up 78% to Rs 6,977 crore

Commenting on the market share, he said, the entire jewellery industry has done well but the dispersal of growth could be 20 percent to 60-65 percent and Titan is at the higher end of the growth of the industry. “So, that gives us confidence that we have gained market share from the regional and national layers,” he said.

For the entire management interview, watch the video

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

As PVC prices continue to rise, APL Apollo Pipes gains market share

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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APL Apollo Pipes posted good Q2FY22 earnings. Revenue is up almost 70 percent and sales volume has grown 18 percent, but margin has contracted to around 15 percent for the company. In an interview with CNBC-TV18, Anubhav Gupta, Chief Strategy Officer at APL Apollo Pipes, shed light on the company’s performance.

On pricing, he said, “PVC prices rose sharply in the second quarter and the trend continued in the month of October as well. Simultaneously, we have also taken price hikes in line with our industry peers. Overall in last 3-4 months, we have done at least 4-5 times price revisions. So, we are able to pass on the PVC price increase to our channel partners.”

He added, “Overall price hike would have been in the range of 15 to 20 percent in the last three to four months.”

On margins, Gupta said, “Price hike is going to impact our margins a lot because historically the industry has been working on a pass-through model and today, Apollo Pipes’ brand pool is also becoming very strong. So, we don’t see much of a challenge in passing it to our channel partners.”

On growth and market share, he said, “In terms of our revenue growth in the last three to four years, we have outperformed the industry in a significant manner. The growth in the last three or four years has been the highest in the industry. We have taken market share from the unorganized sectors and weak organized peers as well.”

Gupta added, “On our annualised turnover of Rs 800 crore and given that the PVC industry is around Rs 32,000 crore, so the current market share stands at around 2.50 percent and it was 1.50-2 percent two to three years ago. So, we have increased our market share significantly.”

For full management commentary, watch the video.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Double digit growth to sustain amid improved demand; price hike to support margins: Jyothy Laboratories

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Jyothy Laboratories has gained market share across all categories and is seeing double-growth for the last six quarters. The company expects the growth to sustain amid an improved demand outlook across markets.

“We have been seeing double-growth for last six quarters and it is continuing. In the last quarter, categories like fabric care have seen a growth of 27 percent, dish wash segment has grown by 22 percent and personal care and household insecticides have grown by 15 percent,” said K Ullas Kamath, joint managing director, Jyothy Laboratories.

Speaking to CNBC-TV18, he said that the company had a 22 percent market share in coil and a 9 percent market share in liquid.

“So, in many years, for the first time we are seeing all the segments growing at double-digit and as most of the festivals are coming in and we hope this trend to continue,” Kamath said.

Also Read: See stability in FMCG; prefer Dabur, Godrej Consumer Products, Marico: HDFC Securities

According to him, there is a strong recovery in demand as things are opening up across markets.

“The trend is positive and we are seeing growth every quarter. People know how to live with the COVID-19 now and most of the vaccination is done. So, to that extent there is no fear as such and demand is absolutely positive across urban and rural,” Kamath said.

On price increase, Kamath said, “Margin is under pressure as there is an unprecedented price hike in the raw materials. But in our product mix, the pressure on gross margin was about 3 percent and we have taken that hit in Q1FY22. We are managing it with a bit of price hike and some optimization internally.”

Also Read: FMCG index hits record high: Key triggers behind the move

For the entire management interview, watch the video

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

HDFC Bank aims to regain lost market share in 1 yr after RBI lifts credit card ban

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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HDFC Bank is looking at winning back the market share by number of cards in the next one year, a senior official said on Monday. The largest private sector lender by assets was allowed to issue new credit cards by the RBI last week, over eight months after being banned from doing so due to concerns over repeated technological outages.

Parag Rao, its group head for payments and consumer finance, digital banking and IT told reporters that the bank has set some milestones for itself as it seeks to re-enter the market.

The first is to achieve monthly new credit card sales to 3 lakh, the number right before the ban in November 2020, Rao said, adding that the same will be achieved in three months. Two quarters after that, it aims to take the monthly new card sales to 5 lakh a month, Rao said, adding that in three to four quarters from now, it plans to regain the market share by number of cards.

Rao added that during the ban, the bank lost its market share by number of cards but was able to maintain the market share on initiatives taken to prod users to spend.

It can be noted that as per data, the bank’s market share by number of cards had come down by around 2 percentage points to under 25 percent, as smaller rivals including ICICI Bank and SBI Cards seized the opportunity to close the gap. After the lifting of the ban, HDFC Bank had spoken about coming back with a bang.

Rao said spends on credit cards are 60 percent higher in the April-June quarter on its card portfolio. The bank will depend on its internal set of customers to grow the number of cards and is also looking at partnering with key players like Paytm announced earlier in the day, to increase its sourcing. Rao also said that the conservative approach on the credit front will continue for the bank even as it goes aggressively on the new business sourcing.

The bank scrip was trading 0.57 percent up at Rs 1,522.95 apiece on BSE at 1318 hrs as against gains of 0.43 percent on the benchmark.

Catch all the latest stock market updates here.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow