Packaged Foods & Consumer Electronics Industry

Heritage Foods | BSE CODE: 519552 | VOLUME: 8579 | CMP: Rs. 380

Heritage Foods is engaged in dairy, retail, agriculture and bakery businesses in India. The company’s dairy division is involved in procuring, manufacturing, packing and distributing milk and milk products whereas the retail division operates a chain of retail stores that offer fresh fruits and vegetables, grocery, processed food, etc. It will invest Rs 170 crore over the next four years in two of its core divisions, moving into newer markets in the dairy business and doubling the floor space of its retail business. The company reported 84.5 per cent jump in consolidated Q4 net profit to Rs 12.75 crore in Q4 FY15 as against Rs 6.91 crore in Q4 FY14. The revenue also jumped 24.5 per cent to Rs 544 crore from Rs 437 crore in Q4 FY14. In the latest June 2015 quarter the institution holding increased by 141 bps to 7.71 per cent. In light of the new IPOs in the dairy space, Heritage Food’s valuations would see an upward slant in the foreseeable future.

Symphony | BSE CODE: 517385 | VOLUME: 10148 | CMP: Rs. 1843

Symphony is a market leader in the in the Indian air-cooler industry with 50 per cent market share among the organised players. In the first nine months its total operating revenue grew by 32 per cent at Rs 412 crore. In terms of total volume of air coolers it has sold 6.15 lakh units as against 4.94 lakh last year, registering volume growth of 25 per cent. Its EBITDA in the first nine months reported 49 per cent growth at Rs 135 crore and the EBITDA margin grew by 420 bps to 34.4 per cent. This is the volume growth on domestic as well as international front also. Symphony is also exploring new opportunities in the industrial cooling segment through its Mexican subsidiary, Impco. The company started leveraging the enduring relationships established by Impco with large format stores like Wal-Mart, Sears, Lowes, Famsa and Costco, among others, to widen its presence in north, south and central America.