Whalesbook
Toh bhaiyon, ye jo stock itna bhaga hai na, iske peeche reason hai company ke Q4 FY26 ke results jo kaafi solid aaye hain. Revenue 18% badhkar ₹5,433.62 crore ho gaya aur profit bhi 22% jump karke ₹424.02 crore tak pahunch gaya. Ye sab kiska kamaal hai? Capital Foods aur Organic India jaise naye acquisitions ka, jinka contribution ab dikhna shuru ho gaya hai. Saath hi, domestic business mein bhi acchi volume growth rahi.
Agar poore FY26 ki baat karein toh, revenue 15% badhkar ₹20,280.43 crore hua aur net profit 20.17% badhkar ₹1,546.80 crore par pahunch gaya.
Ab ye jo Capital Foods (ching's secret waale!) aur Organic India kharide hain na, unhone bhi kamaal kiya. FY25 mein inhone milakar ₹1,173 crore ki revenue di. Capital Foods ne FY25 mein ₹799 crore revenue aur ₹119 crore profit kamaya, jabki Organic India se ₹374 crore revenue mili. Q4 mein toh in dono ka collective revenue 8% badha hai. Company inko apne distribution network mein integrate kar rahi hai, jisse logistics aur warehousing mein fayda ho raha hai aur EBITDA margins bhi sudhar rahe hain.
Aur haan, investors ke liye ek aur khushkhabri hai, board ne ₹10 per share ka dividend bhi propose kiya hai.
Brokerages bhi is stock par bullish hain. Motilal Oswal ne 'Buy' rating ke saath ₹1,450 ka target diya hai. CLSA aur Goldman Sachs ne bhi 'Outperform' aur 'Buy' rating di hai, target around ₹1,337 aur ₹1,450 ke aas paas hai. Waise toh consensus target ₹1,290.57 hai, par kuch analysts abhi bhi 'Hold' par hain.
Haan, ek baat dhyaan rakhne wali hai, ye stock abhi thoda expensive lag raha hai. Iska TTM P/E ratio 77.6x hai, jo FMCG sector ke average 66x se kaafi upar hai. Matlab, market isse aage bhi bahut acchi growth expect kar raha hai. Agar future mein results expectations se kam aaye toh stock gir sakta hai. Nuvama ne bhi A&P spending aur packaging costs badhne se FY27-28 EPS estimates kam kar diye hain. El Niño ka bhi rural consumption par asar pad sakta hai. Aur competition toh hai hi.