Durga Ghee has a good brand recall in Odisha. But like we know there are also many duplicates around. My understanding is, the particular flavor that Durga uses, is easy to copy by other vendor's. With a similar flavour, it's hard to tell the difference between fake and original in matter of Ghee. Probably it's not a crime if another local company uses a brand name sounding like durga and sell's same quality ghee. Devi is another popular "duplicate" one, if i remember correctly and has good support from good local film star in endorsements.
Odisha in particular, never had a very effective milk cooperative like the kind of Gujarat(Amul) or Karnataka(Nandini) had . Not sure of milk cooperative effectiveness in Andhra. Odisha has Omfed, but it was primarily happy to supply to milk and not so enterprising to enter into value added products like ghee, paneer etc. Need to watch if we can expect Durga to have similar success in Karnatka and other markets as it had in Odisha & AP, Nandini (KMF) is a strong brand and has strong products in most value added categor. http://www.kmfnandini.coop/
Even in Odisha, things are now changing, with a strong private company like Milky Mu entering into fray. They are considered to be good and have provided good challenge to Omfed's monopoly in milk and are entering into value added products category. Also the ghee market now has options from national brands like Britannia, Amul etc... and ITC is going to be the new one to market soon.
Last years Virat's result had a support from new Andhra Govt's largesse to distribute free ghee packet's to the tune of 3.7 cr. So we can consider it into our estimates.
Gross margins have seen a sharp jump in last few qtrs. However, company say's it's raw material "milk prices has increased and it was able to smooth it out and increase PAT margins. Any clue on this ?
Posts tagged Value Pickr
Virat Crane Industries Limited (VCIL) – sure shot multibagger (19-10-2015)
Bloom Dekor- A plywood and lamination microcap (19-10-2015)
what are its reasons for them to give stake in the company instead of giving them cash. Its not wise for ToI to accept shares in a company if its not good. Next point is that you are saying that there are big ads in News paper, thats a sign that they are focusing on growth and want sales and marketing is a way they want to achieve it. I never saw any ads, so you tell me what you @manish26 think about the brand, the respect it has and if people buy these products and visit their decorated website
US based NRI’s – How do you guys invest in equity now? (19-10-2015)
@bijoy_ajj @thejasdk @ranjan_pranab I am also facing the same issue regarding opening a demat account in the name of my son who is working in US. I could not find any solution for the issue through this thread. Could you please mail me more info/consensus at my id sajiissac@dataone.in. Would appreciate if you could suggest a brokerage firm also. Thanks in advance!
Bloom Dekor- A plywood and lamination microcap (18-10-2015)
as per screener,in last 3 year sales cagr is 5.4% and pat cagr is 6.37% and ROE 0.5% . I think we must also see if sales get cannibalised to suncare traders ltd a pvt ltd co where Mr Gupta is also a director.
Bloom Dekor- A plywood and lamination microcap (18-10-2015)
I am from Ahmedabad; so i am aware that Bennett & Coleman stake in the company is in lieu of the advertisements in the newspapers. Locally I have many times noticed half page ads of Bloom decor in TOI. They have lots of stake in such companies so nothing much to be take from that.
Regards
Manish
Bloom Dekor- A plywood and lamination microcap (18-10-2015)
I am from Ahmedabad; so i am aware that Bennett & Coleman stake in the company is in lieu of the advertisements in the newspapers. Locally I have many times noticed half page ads of Bloom decor in TOI. They have lots of stake in such companies so nothing much to be take from that.
Regards
Manish
Profit lies where noone is watching: some turnaround plays (18-10-2015)
According to me it will turnaround in one two quarters.
Also these stocks have more of regulatory issues than corporate governance
Virat Crane Industries Limited (VCIL) – sure shot multibagger (18-10-2015)
I dont track this company. But not everybody named Osama in this world is a terrorist
Regards.
Bloom Dekor- A plywood and lamination microcap (18-10-2015)
Please check this link which is a SEBI document which talks of promoter violations of regulation 11(1) read with Regulation 14(1) three times during the year 1998-2000
http://goo.gl/DFkspW
Piramal Healthcare (18-10-2015)
I am extra bullish on Piramal Enterprises today as a real estate and Over the counter products and pill distributor. I think with this kind of dividend pay out and high cash flows and new investments into company it can rock