In today’s briefing:
- Indian Recommerce Startup Nets $90m in Series E Money
- Indian Hotel – Leveraging Brands Leading to Diversified Business
- Ipca Laboratories – On Course to Revive Earnings Growth
- Tata Consumer Products Ltd. – Continues to Make Progress on Strategic Priorities
Indian Recommerce Startup Nets $90m in Series E Money
- Cashify, an India-based recommerce marketplace, has closed a US$90 million series E round, which saw participation from NewQuest Capital Partners, Prosus, and Paramark Ventures.
- The new funds will be used to further develop Cashify’s team, marketing efforts, technology infrastructure, and market expansion.
- Founded in 2013 by Mandeep Manocha, Siddhant Dhingra, Nakul Kumar, and Amit Sethi, Cashify provides aftersale services such as repairs and buybacks to extend the lifespan of gadgets
Indian Hotel – Leveraging Brands Leading to Diversified Business
- Hotel Brands (Traditional business): IH has introduced AHVAAN 2025 strategy, under which it expects to reach a portfolio of 300 hotels, comprising Taj (100), Vivanta and SeleQtions (75), and Ginger (125).
- For details on AHVAAN 2025, refer to IH Analyst meet report.
- As on 31st March 2022, IH has 20,581 rooms, after adding around 1,156 rooms in FY22.
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.
Ipca Laboratories – On Course to Revive Earnings Growth
- The domestic formulation (DF) segment continues on its robust growth path, led by market share gain, favorable price hikes, addition of medical representatives (MRs), and its increased presence particularly in the cardiology segment.
- The exports opportunity is expected to improve with increased product launches in the UK, new launches and market share gain in Russia, and industry outperformance in Africa branded generics market.
- After 18% YoY decline in earnings in FY22, we expect 11% earnings CAGR over FY22- 24, led by 13%/8%/8% sales CAGR in DF, exports formulations, and API, respectively.
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.
Tata Consumer Products Ltd. – Continues to Make Progress on Strategic Priorities
- Revenue growth drivers: The company expects low-to-mid single-digit growth in its international business while in the domestic business, the company anticipates double-digit growth
- Distribution: Direct reach now stands at ~1.3mn outlets with a total numeric reach of ~2.7mn outlets.
- Innovations: Innovations continue to see an improvement. TCPL started FY22 with innovations contributing 0.9% to sales, which has now increased to 2.7% while exiting the year.
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.
Before it’s here, it’s on Smartkarma
