Tag: summer season

Chilling In The Heat: Symphony shares jump 10%; Blue Star, Voltas also gain post IMD warning

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

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Shares of Symphony Ltd. gained as much as 10.4% on Tuesday after the Indian Meteorological Department (IMD) issued a warning of higher than normal temperatures in central and western peninsular India between April to June this year.

The IMD also guided for 10-20 days of heat wave in parts of Gujarat, Maharashtra and North Karnataka.

Along with Symphony, shares of other cooling and fan-related companies like Voltas, Blue Star, Crompton and Orient Electric gained between 2.5% to 3% on Tuesday.

In an interaction with CNBC-TV18 on March 20, Symphony’s Nrupesh Shah had said that demand trends in the Southern and Eastern parts of the country are “decent” and that inventory with dealers is at regular levels as demand is stable.

Shah also said that the company has not given any discounts on their products starting February but they do not see any further price hikes either.

In an analyst meet held last week, Crompton also told analysts that summers have started early and that they anticipate good demand for fans going forward.

Over the medium-term, Crompton expects Fans to be a double-digit growth category in the medium-term.

Symphony’s 10% jump is the biggest that the stock has seen in a single day since May 2020.

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

Hatsun Agro projects surge in ice cream and curd sales as temperatures rise

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

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The ice cream industry in India is gearing up for a surge in sales as the leading weather forecast agencies predict an early onset of summer with above-normal temperatures this year.

RG Chandramogan, Chairman of Hatsun Agro Product says it’s not just ice cream but also the curd division that is expected to do better this summer.

Hatsun Agro Product (HAP), a private sector dairy company based in Tamil Nadu, Chennai, owns the Arun Icecreams brand.

Also Read | IMD warns of above-normal summer temperatures

Traditionally, the ice cream season gains momentum around the festival of Holi.

However, this year, the onset of warmer weather in early March has led to an earlier uptick in ice cream consumption.

Chandramogan expects volume growth of around 15% in the next financial year with margin expansion of around 150 basis points from the current 11.5%.

The higher capacity utilisation and stability in input prices will help.

He said the plan is to decrease debt to between ₹1,200-1,300 crore by the end of June and further down to under ₹500 crore by June next year.

Talking about the increasing competition, he said, “We compete in different products like milk, ice cream and curd. We have our profile and technology we have made good investments in ice cream and the type of products we make is very unique in the market and that is giving us an advantage.”

Also Read | Hindustan Unilever evaluating various options for ice cream business: Exclusive

In another discussion on CNBC-TV18, Ankit Chona, Managing Director of Hocco and a key figure in the ice cream sector, highlighted Indian consumers’ distinct preferences for ice cream flavours.

Vanilla continues to be the most popular choice, with butterscotch ranking as a close second favorite, followed by chocolate.

Surprisingly, despite its worldwide popularity, strawberry doesn’t appear in the top 10 list of favored flavours in India

Also Read | Ice cream sales likely to spike by 30-40% amidst rising temperatures: Hocco

The market capitalisation of Hatsun Agro Product is around ₹23,137.98 crore. Its shares have gained close to 25% in the past year.

For the entire interview, watch the accompanying video

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

Monte Carlo experiences robust summer season bookings, plans 50-55 store openings in FY24

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

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As the summer season approaches, Monte Carlo Fashions is gearing up for strong bookings. The anticipation of robust demand suggests that the brand has effectively tapped into consumer preferences and market trends. Monte Carlo’s ability to forecast and cater to seasonal demands positions it well for capitalizing on the upcoming season, which is traditionally marked by increased consumer spending.

In an interview with CNBC-TV18, Sandeep Jain, Executive Director of Monte Carlo Fashions spoke about the brand’s approach to the upcoming summer season, its expansion aspirations, and its strategies for maintaining competitiveness.

He said, “As inventory is very low in our retail stores as well as our warehouse, we look forward to a very strong booking in the coming summer season.”

Talking further about expansion, Jain said that Monte Carlo Fashions has ambitious plans for expansion. He revealed that the company aims to open 50-55 new stores during the fiscal year 2024 (FY24).

“For FY24 we had given a guidance of 50-55 and in Q1 we already opened 11 stores. So, we are on track to open 55 stores in this financial year,” he said.

Jain also spoke about the brand’s pricing strategy. He said that the discounts in quarter two (Q2 of FY24) are expected to be comparatively lower than those in Q1. This reflects Monte Carlo’s strategic balance between attracting customers through discounts while also maintaining healthy profit margins.

For more details, watch the accompanying video

Also, catch all the live updates on markets with CNBC-TV18.com’s blog

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

As summer approaches, here’s Rahul Arora’s pick in AC stocks and more

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

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Summer is just around the corner, and with the rising temperatures, people are gearing up to stay cool in their homes and offices. This also means a boom in the air conditioning industry, which has traditionally done well during the hot summer months.

As the season heats up, the air conditioning industry is set to thrive, and investors may want to consider companies like Blue Star.

Speaking in an interview with CNBC-TV18, Rahul Arora, CEO of Nirmal Bang Institutional Equities said that among the various air conditioner manufacturers, he prefers Blue Star over Voltas. While both companies are well-established players in the market, Arora believes that Blue Star has a better product portfolio and a stronger brand image. Moreover, with the rising demand for energy-efficient air conditioners, Blue Star’s focus on innovation and sustainability gives it an edge over its competitors.

Also Read | Blue Star’s Vir Advani says not planning for price hikes in Q4

He said, “We will look at names like Voltas and Blue Star, maybe Blue Star more than Voltas. I think the return ratios are also picking up dramatically for Blue Star and I do not think the valuations are demanding at all. So, I would look at those two. I would probably avoid the Whirlpools in the IFBs.”

Watch: Vikas Gupta, MD-Operations, PG Electroplast in interaction with CNBC-TV18

Picking beverage stocks

When it comes to the beverage industry, Arora recommends investing in United Spirits over United Breweries. According to Arora, United Breweries will take some time to recover, given the impact of the pandemic on the hospitality sector. In contrast, United Spirits have a diversified product portfolio and a strong presence in the premium segment. With the gradual reopening of the economy, Arora expects United Spirits to perform well in the coming months.

Watch: Nrupesh Shah, ED- Corporate Affairs, Symphony in interaction with CNBC-TV18

Hotel industry outlook

Arora also shared his thoughts on the hotel industry. He does not think that hotels have much room to increase room rates, given the tough economic environment. Instead, Arora suggests investing in quick-service restaurants (QSRs) over hotels. With the rise of online food delivery platforms, QSRs have seen a surge in demand, making them a more attractive investment option.

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Take on Minda Corp – Pricol

Finally, Arora talked about the automotive component industry, specifically Minda Corp and Pricol. He feels that it would have been better if Minda Corp had come in as a strategic partner in Pricol. Both companies are leaders in their respective fields, and a strategic partnership could have created significant synergies and value for both companies.

Also Read | Here is what Minda Corp can do to trigger an open offer for Pricol

For more details, watch the accompanying video

Also, catch all the live updates on markets with CNBC-TV18.com’s blog

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

Summer tips: 10 ways to stay hydrated as the mercury rises

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

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The human body is about 60 percent water and maintaining the right balance of water and electrolytes (such as sodium, potassium, calcium, and magnesium) is necessary for various bodily systems to function properly. In the summer heat, the body loses not just water but vital trace minerals as well in the form of sweat. The hot weather can cause dehydration, which can lead to electrolyte loss, leaving you feeling lethargic, nauseous, exhausted, and even cause diarrhoea. 

Also read: Heatwaves at Earth’s poles: Record temperatures 30-40 degrees Celsius above normal worrying

Here’s how to avoid those conditions by staying hydrated:

1. Eat more ‘water-rich’  fruits and vegetables like watermelon, strawberries, cucumber, lettuce tomatoes, carrots, kiwi, pineapple, broccoli, etc.
2. Pick coconut water over fruit juice. Coconut water is a good source of electrolytes and one of the best sources of potassium. Plus, it comes with no added sugar or preservatives.
3. Drink cooling herbal teas. Herbal teas are great for staying hydrated without getting bored. Go for non-caffeine herbal teas for the best hydrating benefits.
4. Avoid alcohol. Alcohol can decrease the production of anti-diuretic hormone and make the body lose the ability to reabsorb water.
5. Avoid packaged foods, sugary drinks, coffee or caffeinated drinks, processed meats, bread, canned foods and condiments such as soy sauce as they are usually high in sodium and can disrupt the electrolyte balance of the body.
6. Eat overnight soaked oats or oatmeal for breakfast.
7. Use a mobile app to keep track of hydration. There are plenty of trusted apps on the Play Store and App Store that can help you stay on top of your hydration needs.
8. Drink water first thing in the morning. Six to eight hours of healthy sleep is required but that’s quite a long period to go without water consumption. Therefore, drinking about 1-2 glasses of water first thing in the morning helps the body rehydrate.
9. Stay inside when it gets too hot outside. Wear light, loose-fitting clothing to allow your skin to breathe and carry an umbrella in case you must go out.
10. Be aware of the signs of dehydration such as darker-than-usual urine, muscle cramps, bad breath, fatigue, sweet cravings, dry mouth/skin, raised heartbeat, drowsiness etc. Rehydrate immediately if the symptoms are intense. Seek medical care if you have severe symptoms.

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3 Mins Read

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