| India Consumer - Global read across L'Oreal sustains growth momentum; SAB Miller posts weak vols; Coca-Cola/Pepsi register MSD-HSD growth & MORE | ||
L’Oreal India – 15% LFL growth in Q1
In its 1Q14 sales release, L’Oreal (covered by JPM analyst Celine Pannuti) reported 15% Like for Like sales growth for India, broadly inline with the growth reported in the past four quarters.
L’Oreal India LFL Sales Growth
Source: Company
SAB Miller posts 3% revenue decline in FY14 led by -7% volume decline
In its Q414 trading update, SAB Miller (covered by JPM analyst Mike Gibbs) noted that India group FY14 revenue declined by 3% due to a volume decline of 7%, partially offset by robust realisation growth of 4%. Volumes were impacted by regulatory changes made in the earlier part of the year in several key states, coupled with the prolonged monsoon season during the year.
Coca Cola registers 6% volume growth in Q1; Pepsi posts HSD revenue growth
Coca Cola reported 6% volume growth for its Indian operations in Q1CY14 impacted to some extent by a prolonged monsoon season. PepsiCo delivered high single digit organic revenue growth for its India operations in Q1. Coca-Cola and Pepsi are covered by JPM analyst John Faucher.
Coca Cola India Volume Growth
Nestle – Weak trading conditions in India
Nestle SA (covered by JPM analyst Celine Pannuti) in its Q114 sales release highlighted that trading conditions in India remained weak due to the weaker economy and consumer sentiment.
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