Industry cursor - August 2016 - Dun & Bradstreet · PDF filearound 150,000 ground wheels, from Mobius Motors, ... HR coils 2.00 mm CR coils 0.63 mm 9,000 11,000 13,000 15,000 Jul-15

Issue 96 | August 2016Strictly for Private Circulation

MACROECONOMIC UPDATE

n During Jun-16, the Index of Industrial production (IIP) and manufacturing grew to its eight month high of 2.1% and 0.9% (y-o-y) respectively.

n The capital goods sector registered a sharp decline of 16.5% in Jun-16, registering an eighth consecutive fall, whereas the basic goods sector recorded its highest growth in last 13 months, growing by 5.9% in Jun-16.

n The consumer non-durable goods grew by 1.0% (y-o-y) in Jun-16, while the intermediate goods grew by 6.1% in Jun-16, highest in the last eight months.

n During Jul-16, WPI inflation climbed to 23 months high at 3.5% (y-o-y). Inflation in food articles jumped to 11.8% in Jul-16 as against an increase of 8.2% in Jun-16 owing to elevated level of inflation in vegetables (28.1%) and pulses (35.8%).

n The CPI inflation for the month of Jul-16 increased to 6.1% - highest in 23 months. The inflation rate for rural and urban areas was recorded at 6.7% and 5.4%, respectively in Jul-16.

n The aggregate deposit and bank credit grew by 9.5% and 9.7% (y-o-y) respectively, for the week ended July 22, 2016 as against a growth of 11.1% & 8.9% in the year ago-period.

n Exports in Jul-16 declined by 6.8% (y-o-y) to US$ 21.7 bn, while imports declined by 19% to US$ 29.5 bn.

E: Estimates; F: D&B forecastSource: CSO

Source: Ministry of Commerce and Industry

India's exports & imports (US$ bn) Macroeconomic triad (estimate)

Note: Exchange rate: INR/US$ at month endInterest rate corresponds to yield on T-Bills 15-91 daysSource: D&B Industry Research Service

Aug-16

Inflation4.0% - 4.2%

Interest rate6.5% - 6.7%

Exchange rate66.70 - 66.90

cursorIndustryCONTENTS

Logistics & Supply Chain

Commercial Vehicle

Gems & Jewellery

Hi-Tech

Banking

Hospitality

IT-Hardware

Passenger Vehicle

Textile & Garment

Steel

Retail

Two and Three-Wheeler

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11

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Macroeconomic Update

Auto Components

Healthcare & Pharmaceutical

IIP and core infrastructure: Growth (%)

Source: Ministry of Commerce & Industry, CSO

GDP: Growth (%)

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Q4FY15 Q1FY16 Q2FY16 Q3FY16 Q4FY16(E) Q1FY17(F)Agriculture Industry Services RealGVA

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AUTO COMPONENTS INDUSTRY

n Setco Automotive incorporated a wholly owned subsidiary company in the name of Setco MEA DMCC, in Dubai for United Arab Emirates Dirham (AED) 100,000.

n WABCO Holdings Inc signed a multi-year agreement with Mahindra & Mahindra to supply vaccum pumps that feature modular, lightweight design and ultra-low power consumption for braking as well as non-braking functions.

n Two and three-wheeler tyre maker TVS Srichakra launched its two-wheeler radial tyres 'Protorq' for premium bikes.

n Steel Strips Wheels India bagged its maiden export order of development of around 150,000 ground wheels, from Mobius Motors, Kenya at a project cost of around US$ 2.4 million. The company also received export order from Elio Motors, USA for approximately 3 million wheels.

n Minda Industries plans to acquire 49% stake of Roki Japan for ` 429.7 million from the JV that its parent group UNO Minda has with the Japanese firm.

n Menon Bearings plans to invest ` 150 million to start new line of production of automobile components consisting of bearings, bushes and washers.

n Exide Industries plans to invest ̀ 14 billion over the next two years to introduce high performance automotive batteries with new-age punch-grid technology.

n Apollo Tyres set to open a unit in Hungary by next year with an investment of over Euros 400 million.

n Bosch plans to start manufacturing anti-lock braking system (ABS) for two-wheelers at its Chakan plant from next fiscal.

n German automotive components manufacturer, ZF Friedrichshafen AG, plans to set up its first ever India Technology Centre in Hyderabad dedicated to software and mechanical engineering.

Steel prices (Mumbai) (`/tonne)

Rubber prices* (Kottayam)(`/quintal)

*Rss-4

CMIESource for all above charts:

Highlights

Global News

n China-based Anhui ARN Group bought 6.06% in German automotive supplier SHW AG.

n Pierburg GmbH, Neuss belonging to the German automotive component maker Rheinmetall Automotive sector, received a major order for its newly developed vacuum pumps from an internationally operating German automotive group worth around ̀ 4.47 bn.

n Tesla Motors opened a US$ 5 billion factory in the Nevada desert to expand production of lithium-ion batteries.

n BMW Group plans to build a new plug-in hybrid vehicle battery factory in Thailand with an investment of US$ 57 million.

n Henniges Automotive Holdings, a global supplier of highly engineered sealing and anti-vibration components for the automotive market announced to open its first manufacturing plant in Poland.

Auto Components: Key financial indicators (Apr-Jun 2016)

Note: Operating profit: PBDIT net of prior period and extra-ordinary items (P&E) & Other income; Net profit: PAT net of P&ESource: CMIE


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HRcoils2.00mm CRcoils0.63mm

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Company Net sales (` bn)

Operating pro t (` bn)

Net pro t (` bn)

PBDIT margin (%)

PAT margin (%)

M R F Ltd. 34.8 8.4 4.9 24.1 13.8

Bosch Ltd. 25.2 4.5 3.8 18.1 14.0

Apollo Tyres Ltd. 22.7 4.0 2.4 17.5 10.3

Exide Industries Ltd. 20.1 3.1 2.0 15.7 9.7

J K Tyre & Inds. Ltd. 14.8 2.5 1.0 17.1 6.8

Deposits, credit and growth rates

Note: Call rates for Aug-16 are up to Aug 12, 2016

Source for all above charts: RBI

Movement in call money rates (%)

BANKING INDUSTRY

Note: Data for Jul-16 is as on Jul 22, 2016

n The RBI kept key policy repo rate under the Liquidity Adjustment Facility (LAF) unchanged at 6.5% in its Third Bi-monthly Monetary Policy Statement FY17.

n The RBI released guidelines for 'on tap' licensing of universal private sector banks. Under this, applicants can now apply for a banking licence anytime as opposed to a limited-period window that the RBI previously used to open for applications. The guidelines exclude large industry houses as eligible entities, although they can invest up to 10%. The minimum paid-up capital has been kept at ̀ 5 billion.

n With a view to encouraging wider participation and retail holding of treasury bills, the Government of India, in consultation with the RBI extended the non-competitive bidding facility in treasury bills to the individuals. For retail investors, the allocation will be restricted to a maximum of 5% of the aggregate nominal amount of the issue.

n The RBI released draft guidelines for customer liability in case of fraudulent transactions. As per the guidelines, bank customers will not be liable to pay for fraudulent online transactions that occur from his account outside his control.

n ICICI Bank entered into an agreement with Apollo Global Management to commence an asset reconstruction company.

n HDFC ERGO General Insurance Company Ltd and Shamrao Vithal Co-operative (SVC) Bank announced their bancassurance agency partnership to provide a range of non-life insurance offerings to the customers of the bank.

n State Bank of India launched a payment system at its ATMs which will allow the account holders transfer money using mobile phone number as identifier.

n South Indian Bank and SBI Card announced the launch of co-branded credit cards for the customers of South Indian Bank. Through this alliance South Indian Bank and SBI Card will launch two variants of credit card on VISA platform, namely South Indian Bank Platinum SBI Card and South Indian Bank SimplySAVE SBI Card.

n Kotak Mahindra Bank enabled online shopping portal Flipkart in its mobile banking application in order to ensure a seamless shopping experience for its customers.

n National Payments Corporation of India (NPCI) partnered with Union Bank of India to launch an USSD based *99# mobile application for their customers.

n Axis Bank announced a tie-up with digital payments company Freecharge for a Unified Payments Interface (UPI) app.

Highlights


Banking: Key financial indicators (Apr-Jun 2016)

Net profit: PAT net of prior period and extraordinary items Source: CMIE

Company Net sales (` bn) Net pro t (` bn) Net pro t margin (%)

State Bank Of India 415.9 25.2 5.2

HDFC Bank Ltd. 165.2 32.4 16.8

ICICI Bank Ltd. 133.3 22.3 13.3

Punjab National Bank 115.7 3.1 2.2

Axis Bank Ltd. 111.1 15.6 11.2

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Deposits(LHS) Credit(LHS)y-o-ygrowthratesofdeposits(RHS)y-o-ygrowthratesofcredit(RHS)

%`bn

COMMERCIAL VEHICLE INDUSTRY

n Ashok Leyland received order for 1200 medium and heavy commercial vehicles from logistics start-up, Rivigo.

n JBM Solaris, a joint venture between Indian auto component maker JBM Auto and Polish Solaris Bus & Coach plans to invest ̀ 3 billion over the next 2-3 years to engineer, design and develop full electric and hybrid buses in India.

n Hinduja Group's flagship Company, Ashok Leyland plans to set up a bus assembly plant in Kenya with an annual capacity of 1,200 buses and an investment of ̀ 700 million as part of its global expansion plans.

n Maruti Suzuki plans to launch an LCV – Super Carry in three cities priced at ̀ 4.03 lakh (ex-showroom Ahmedabad), ̀ 4.11 Lakh (ex-showroom Kolkata) and ̀ 4.01 (ex-showroom Ludhiana). The company also plans to have separate dealership for its LCV.

n Bharat Coach Builders, the Mumbai-based coachbuilder, developed three models of customized 'Presidential Line' bus, one each for the presidents of Senegal, Tanzania and Zimbabwe.

Highlights

M&HCV: Domestic sales (Nos.)

Source for all above charts: CMIE

LCV: Domestic sales (Nos.)

Global News

n American arm of Japanese commercial truck manufacturer Isuzu opened its first Centre of Excellence in US comprising of a parts distribution centre and a training and technical assistance facility.

n Mercedes Benz received major order for over 150 Actros trucks from international operating logistics company Ekol.

n Daimler AG unveiled its Mercedes-Benz Urban eTruck as the company's first fully electric truck with an admissible total weight of up to 26 tonnes.


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Note: Operating profit: PBDIT net of prior period and extra-ordinary items (P&E) & Other income; Net profit: PAT net of P&E

Source: CMIE

Commercial vehicle sales (Nos.)

Source: CMIE



Net pro t (` bn)

PBDIT margin (%)

PAT margin (%)

Ashok Leyland Ltd. 42.6 4.8 2.9 11.2 6.7

Force Motors Ltd. 7.5 0.7 0.5 9.5 6.7

S M L Isuzu Ltd. 4.6 0.6 0.4 13.2 8.9

Commercial Vehicles: Key financial indicators (Apr-Jun 2016)

Segments Jul-15 Jul-16 y-o-y growth (%)

Apr-Jul FY16

Apr-Jul FY17

y-o-y growth (%)

M&HCV 23,061 21,307 -7.6 85,137 92,379 8.5

LCV 28,734 30,546 6.3 114,415 126,430 10.5

Total domestic sales 51,795 51,853 0.1 199,552 218,809 9.7

Exports 9,014 10,205 13.2 33,411 36,364 8.8

Total sales 60,809 62,058 2.1 232,963 255,173 9.5

GEMS AND JEWELLERY INDUSTRY

Gold prices in Mumbai market

Gems & Jewellery exports (` bn)


Gems & Jewellery imports (` bn)

n According to Gems and Jewellery Export Promotion Council, overall exports from the gem and jewellery sector during Jun 2016 stood at US$ 3.51 billion, a growth of 4.03% over the US$ 3.37 billion exported in the same month the previous year.

n According to the World Gold Council's latest Gold Demand Trends report, global gold demand reached 2,335 tonnes in the first six months of 2016.

n All India Gems and Jewellery Trade Federation (GJF) plans to conduct workshops in 60 cities across the country to create awareness among jewellers on norms of excise duty implementation and other trade related practises.

n Titan Co Ltd announced to acquire 62% stake in online jewellery player Carat Lane for ̀ 3.57 billion.

n Rajesh Exports obtained a contract worth ̀ 7.86 billion from UAE to export gold and diamond jewellery and medallions.

n P C Jeweller plans to raise up to ̀ 2.57 billion through issue of preferential shares to US-based investment firm Fidelity for business expansion.

n Kiran Gems added a new 200,000 Sq Ft factory office in Surat, Gujarat which houses the latest state-of-the-art planning and cutting technology facilities for all kinds of rough diamonds.

n National Mineral Development Corporation Ltd received permission from the Forest Advisory Committee to enter into Kalyandurg forest range in Ananthapur district, Andhra Pradesh for carrying out diamond exploration.

Highlights

Global News

n Unolux Metallo Valenza S.R.L developed a new age metal termed as 'Lumineux Uno' for the millennia generation. Lumineux Uno is a premium luxury metal amalgamation of gold, platinum, palladium and silver that consists 95.5% of pure precious metals.

n The De Beers Group of Companies (51%) and Mountain Province Diamonds (49%) announced that the Gahcho Kué process plant has been commissioned, and that ore from the mine is now being fed to the process plant to signal the formal ramp-up of diamond production.

n Rio Tinto unveiled its Australian Diamonds programme in China to lend further market support to its Argyle diamonds and in response to the growing consumer and trade interest in diamond provenance.

Gems & Jewellery: Key financial indicators (Apr-Jun 2016)



Company Net sales (` mn)

Operating pro t (` mn)

Net pro t (` mn)

PBDIT margin (%)

PAT margin (%)

Titan Company Ltd. 27988.1 1952.8 1266.9 7.0 4.5

P C Jeweller Ltd. 16644.5 2056.6 1065.9 12.4 6.4

Shirpur Gold Re nery Ltd. 6418.5 83.6 -31.8 1.3 -0.5

Tribhovandas Bhimji Zaveri Ltd. 3260.1 181.3 24.8 5.6 0.8

Thangamayil Jewellery Ltd. 2869.1 141.2 45.1 4.9 1.6

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`/10 gm %

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HEALTHCARE & PHARMACEUTICAL INDUSTRY

n Directorate General of Foreign Trade unveiled norms for human bio samples trade according to which import and export of bio samples by domestic diagnostics labs or clinical research centres should be permitted by customs authorities without prior approval, subject to certain conditions.

n The Andhra Pradesh government plans to set up two big pharmaceutical industry clusters in Visakhapatnam and Nellore spread over 2,000 and 3,500 acres respectively.

n Sun Pharmaceutical Industries Ltd (Sun Pharma) and Almirall entered into a licensing agreement for development and commercialization of Tildrakizumab for Psoriasis in Europe.

n RPG Life Sciences signed ` 410 million deal to acquire 7 prescription brands of Sun Pharma.

n Lupin Ltd (Lupin) agreed to buy a portfolio of 21 drugs from Japan's Shionogi & Co Ltd for US$ 150 million, expanding its presence in its third-largest market. The company also plans to file its first biosimilar etanercept for approval in Japan in 2017.

n Lupin also launched its generic oral contraceptive Norgestimate and ethinyl estradiol tablets in the American market after receiving a go ahead from the US health regulator.

n Zydus Group firm Cadila Healthcare acquired Melgain lotion used for treatment of skin depigmentation from Issar Pharma.

n Shanghai Fosun Pharmaceutical Co set to acquire 86% stake in Gland Pharma for US$ 1.4 billion.

n Fortis Cancer Care increased stake in group firm Lalitha Healthcare, thereby taking its overall holding to 79.43%.

n Dr Reddy's Laboratories received approval from the Central Drug Standard Control Organisation (CDSCO) to export 15 active pharmaceutical ingredients (APIs) to the European Union. These drugs are used to treat hypertension, pneumonia, bacterial infection, cardiovascular diseases, migraine etc.

n Sun Pharma, Glenmark Pharmaceuticals Ltd and Aurobindo Pharma Ltd (Aurobindo Pharma) received ANDA approval from the FDA for rosuvastatin calcium tablets, used in lowering cholesterol.

n Sun Pharma got a FDA nod for the generic diabetes drug, Metformin Hydrochloride.

n Aurobindo Pharma got FDA approval for anti-infective injection, Linezolid, and also for Vicoprofen tablets used in short-term management of acute pain.

n Claris Lifesciences received approval from the US health regulator for generic anaesthetic Bupivacaine injection.

n Glenmark Pharmaceuticals received FDA approval for generic Triamcinolone acetonide cream used for reducing itching, redness and swelling on skin, and also for Potassium Chloride Extended Release Tablets, used in treating low levels of potassium in blood.

Trend in Drugs and Pharmaceuticals export

Trend in Drugs and Pharmaceuticals import

Highlights


Drugs & Pharmaceuticals: Key financial indicators (Apr-Jun 2016)





Net pro t (` bn)

PBDIT margin (%)

PAT margin (%)

Lupin Ltd. 35.5 15.4 10.8 43.3 29.8

Cipla Ltd. 27.4 4.2 2.8 15.3 10.1

Dr. Reddy's Laboratories Ltd. 21.4 2.4 4.1 11.0 16.2

Sun Pharmaceutical Inds. Ltd. 17.8 -0.7 -1.5 -3.8 -8.0

Glenmark Pharmaceuticals Ltd. 16.4 6.0 5.2 36.6 29.8

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HI-TECH INDUSTRY

Civil Aviation: Cargo statistics(freight tonne km and mail tonne km in mn)

Civil Aviation: Load factor (%)

n Grasslin Gmbh, a subsidiary of Intermatic Inc formed a strategic alliance with Advanced Metering Technology Ltd (AMTL) to distribute Grasslin's range of electrical switch products across the country.

n SpiceJet incorporated a subsidiary 'SpiceJet Merchandise Pvt Ltd' to focus on consumer merchandise and goods business.

n Coimbatore-based airlines Air Carnival launched operations with its maiden flight from Coimbatore to Chennai.

n Chinese internet and technology company LeEco launched its latest Super3 Series Ecosystem television in India, priced between ̀ 59,790 and ̀ 149,790.

n Mobile phone and consumer durables maker Intex Technologies expanded its product portfolio by foraying into refrigerator segment.

n Micromax entered the smart television space with three new smart TV models priced between ̀ 20,000 and ̀ 42,999.

n Hong Kong-based Jmatek group, which holds the global exclusive licence for Honeywell air coolers, portable air conditioners and dehumidifiers, plans to make India its export hub for South East Asia, Africa and Middle East markets.

n Karbonn Mobiles plans to enter the television market by setting-up a new smart TV manufacturing unit in Noida with an investment of ̀ 1.5 billion.

n Exide Industries plans to invest around ` 7 billion for capacity expansion and technology up-gradation at its Haldia facility in West Bengal.

Civil aviation: Airport traffic statistics (June 2016)

Highlights


Source: CMIE

Air Transport Services: Key financial indicators (Apr-Jun 2016)



n Samsung Electronics Co Ltd purchased a stake in the Chinese electric automaker and manufacturer of rechargeable batteries BYD Co Ltd for US$ 450 million. The company also plans to acquire California-based Dacor Inc, a luxury appliance maker.

n Chinese handset maker LeEco acquired US-based consumer electronics firm VIZIO for US$ 2 billion.

n Global semiconductor provider, STMicroelectronics plans to introduce new tiny, low-power, single-chip electric-motor drivers to enable battery-powered equipment to become smaller and more mobile with extended runtime.

Global News

Parameters

Aircraft traf c Passenger traf c Cargo traf c

Nos.y-o-y

growth (%)Nos.

y-o-y growth (%)

Tonnesy-o-y

growth (%)

Domestic traf c 132,244 17.6 15,760,400 20.2 89,700 8.2

International traf c 31,868 8.3 4,630,000 6.5 154,300 9.4

Total airport traf c 164,112 15.7 20,390,400 16.8 244,000 8.9



Net pro t (` bn)

PBDIT margin (%)

PAT margin (%)

Jet Airways (India) Ltd. 51.1 3.5 1.0 6.9 2.0

Interglobe Aviation Ltd. 45.8 8.2 5.9 17.8 12.5

Global Vectra Helicorp Ltd. 0.9 0.2 0.1 16.4 5.5

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Passengerloadfactor Weightloadfactor

HOSPITALITY INDUSTRY

Foreign tourist arrivals in India('000 nos.)

Foreign exchange earnings

Growth in foreign tourist arrivals (%)

Source for all charts: CMIE

n Ministry of Tourism approved project worth ` 2.75 billion for development of Krishna and Heritage circuit of State of Haryana, Rajasthan and Gujarat under the Swadesh Darshan Scheme.

n Indian Railway Catering and Tourism Corporation and the Manipur government signed a MoU to provide improved hospitality and tourism services for tourists to the state.

n HeyBnb (HeyBednBreakfast), a Singapore-based short stay accommodation company, plans to enter into India with presence in 17 cities including New Delhi, Bengaluru, Goa and Cochin.

n Australia's StayWell Hospitality Group partnered with Hukam Constructions & Hotels Pvt Ltd for the 51 room Leisure Inn Shrey, Jodhpur, Rajasthan which is expected to open in October 2016.

n Kiscol group entered the hospitality sector with a 54-room property, Kiscol Grand in Coimbatore. The group plans to open hotels in Madurai, Tiruchirapalli and another one in Coimbatore.

n Indian Hotels Company Ltd introduced a new brand concept called Tajness to be unveiled at all Taj properties by the end of next year.

n Concept Hospitality launched Samanvaya Developer's Samanvay Hotel in Udupi.

n Hardcastle Restaurants, which operates the McDonald's chain in West and South India, will invest ̀ 260 million to double the base of its in-store format cafe brand McCafe by the end of 2017.

n Radisson Blu opened its first resort and spa in Karjat, Maharashtra with 102 rooms.

n Wyndham Hotel Group set to launch its new brand Wyndham Garden in India.

n Sarovar Hotels opened RS Sarovar Portico, a 43 room hotel in Palampur, Himachal Pradesh.

Highlights

Hospitality: Key financial indicators (Apr-Jun 2016)



n North Point Hospitality, an Atlanta-based hotel development and management company, started construction of the first tri-branded US$137 million, 470 rooms Marriott Hotel in the US.

Global News



Net pro t (` bn)

PBDIT margin (%)

PAT margin (%)

Indian Hotels Co. Ltd. 4.7 0.4 -0.1 8.2 -2.7

E I H Ltd. 2.8 0.1 -0.1 4.5 -4.4

Mahindra Holidays & Resorts India Ltd.

2.5 0.6 0.3 23.1 11.9

Hotel Leelaventure Ltd. 1.5 0.3 -0.5 18.5 -34.0

India Tourism Devp. Corpn. Ltd. 1.1 0.1 0.1 10.4 8.2

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Domestic Computer Hardware& Peripheral production (` bn)

IT HARDWARE INDUSTRY

n Lava International plans to invest ` 2 billion over 3-4 years for a mobile phone design centre in India to be operational by 2017. In a separate development, Lava is in the process of setting up its second assembly unit in Greater Noida which will increase total production capacity to 2.5 million devices per month. It also plans to set up two green field manufacturing projects in Yamuna Expressway and in Tirupati.

n Xerox launched its affordable colour multifunction printer Xerox DocuCentre SC2020 in India aimed at increasing its foothold in the SMB segment.

n Xiaomi launched Redmi 3S and Redmi 3S Prime priced at `6,999 and ` 8,999, respectively. The phones will be initially available at Mi.com and Flipkart.

n Xiaomi plans to setup two more manufacturing facilities in India through Foxconn Technology Group.

n Acer launched its first exclusive retail store in Siliguri, West Bengal in partnership with M/S Samol Technologies LLP store.

n Le Eco partnered with retail chains like Sangeetha, Poorvika and zonal distributors like Shivalik, AppsYouNeed, Pearl Infotech and PCH to expand its offline retail network to 2000 outlets across 65 cities and will increase the same to 8000 outlets by the year end.

n Chinese mobile phone maker Zopo plans to setup a manufacturing plant in Noida by the year end with an initial investment of `1 billion and a capacity of 2 lakh handsets per month.

Source: CMIE

Highlights

n AT&T plans to partner with medical diagnostic and consumer healthcare tech company Biotricity as the connectivity provider for the company's health care wearables.

n Xiaomi revealed its first smartphone-enabled VR headset 'Mi VR' priced at US$ 0.20 for select Beta testers only.

Global News

IT-Hardware: Key financial indicators (Apr-Jun 2016)


Source: CMIE


Company Net sales (` mn)

Operating pro t (` mn)

Net pro t (` mn)

PBDIT margin (%)

PAT margin (%)

Moser Baer India Ltd. 1569.1 -113.1 -839.0 -7.2 -52.0

Allied Computers Intl. (Asia) Ltd. 301.2 0.6 0.4 0.2 0.1

V X L Instruments Ltd. 148.7 -1.3 -5.0 -0.9 -3.4

S P S International Ltd. 31.3 3.3 1.5 10.5 4.8

Zen Technologies Ltd. 26.6 -59.8 -61.1 -224.8 -154.7

0.5

1.0

1.5

2.0

2.5

Jun-15

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-16

Feb-16

Mar-16

Apr-16

May-16

Jun-16

LOGISTICS & SUPPLY CHAIN INDUSTRY

n Private equity firm New Silk Route sold its remaining 5.16% stake in logistics firm VRL Logistics Ltd through a block trade on the stock exchanges for around ` 1.47 billion.

n Jugnoo launched B2B logistics unit, Dodo Deliveries, an on-demand, hyper-local service enabling vendors to deliver products to their customers, in Gurgaon with a well-established network of auto-rickshaw fleet for natural progression.

n Stellar Value Chain Solutions, a third-party logistics company received an investment up to US$ 125 million from an arm of Warburg Pincus, a global private equity firm.

n The shipping ministry set up a logistics data bank (LDB) at Jawaharlal Nehru Port Trust in Mumbai.

n Courier service provider Pigeon Express Pvt Ltd plans to acquire e-commerce focused logistics service provider GoJavas (Quickdel Logistics Pvt Ltd).

n City and Industrial Development Corporation (CIDCO) plans to set up a logistics hub which would consist of 64 container freight stations (CFS) and warehouses, at JNPT port.

n Distribution Logistics Infrastructure set to launch inter-modal logistics services for export and import cargo and containers from their own Inland Container Depot (ICD) at Borkhedi.

n The Indian Government plans to increase the share of coastal shipping in modal cargo mix to 10% by 2020 from the current share of 7% to reduce the over-dependence on road and rail sectors for domestic cargo transportation.

n TruckJee.com, a B2B digital market place got launched to provide innovative logistics solutions to organisations for hiring trucks online.

Highlights

Global News

n UASC launched two new Indian Subcontinent–Europe services (IEC1 & IEC2), to better align with its customer's needs, providing a superior service between Indian Subcontinent and Europe with enhanced reliability and more competitive transit times.

n UPS expanded its worldwide freight express services to nine new countries taking the total count to 66 origin and 64 destination countries and territories.

n Asset-light carrier Roadrunner Transportation Systems Inc entered into an agreement with Canadian-based carrier Sameday Worldwide under which Sameday will handle Roadrunner's less-than-truckload shipments in eastern Canada while Roadrunner will carry Sameday's shipments across its US network.

Logistics*: Key financial indicators (Apr-Jun 2016)

*Transport logistics services


Source: CMIE


Company Net sales ` bn)

Operating pro t ` bn)

Net pro t (` bn)

PBDIT margin (%)

PAT margin (%)

Container Corpn. Of India Ltd. 13.4 2.6 1.8 19.6 12.7

Blue Dart Express Ltd. 6.2 0.8 0.4 12.4 7.0

Sindhu Trade Links Ltd. (1992) 1.9 0.4 0.1 18.3 7.8

Sical Logistics Ltd. 1.6 0.3 0.1 15.3 5.5

Gati Ltd. 1.3 0.1 0.0 9.4 3.7

PASSENGER VEHICLE INDUSTRY

Utility vehicles: Domestic sales (Nos.)

Passenger cars: Domestic sales (Nos.)

n Mahindra & Mahindra developed left hand drive (LHD) variant of its compact SUV, KUV100 to export to Hungary. The company also plans to set up auto shredding facility in Gujarat along with MSTC Ltd.

n Volkswagen Group sets up its IT delivery and support centre, Volkswagen IT Services India in Pune, with an investment of around ̀ 225 million.

n Hyundai to launch the next generation Elantra in India in September. The new Elantra is expected to be offered with two engine options - the 2.0-liter four-cylinder petrol version and 1.6-liter CRDI diesel engine.

n Maruti Suzuki plans to manufacture the fourth-generation gypsy - Jimny in India which is expected to be powered by a 1.0 L Boosterjet petrol engine.

n Ford Motor plans to invest ` 13 billion to set up a new Global Technology and Business Centre in Chennai.

n Skoda Auto plans to invest ̀ 1 billion in India to strengthen brand and revamp its network including sales and service outlets.

Highlights

Global News

n Toyota Motor Corp launched a new Corolla Axio Hybrid G "50 Limited" model priced at US$ 23,700.

n Nissan Motor Company unveiled Solid Oxide Fuel-Cell (SOFC)-powered prototype vehicle that runs on bio-ethanol electric power in Brazil.

Passenger vehicle sales (Nos.)

Source: CMIE

Maruti Suzuki India Ltd: Profit Margins (%)

Source for above charts: CMIE


Segments Jul-15 Jul-16y-o-y

growth (%)Apr-Jul FY16

Apr-Jul FY17

y-o-y growth (%)

Micro 2,120 701 -66.9 6,671 3,138 -53.0

Mini & Compact 140,581 157,112 11.8 546,002 573,090 5.0

Super Compact and Mid Size 17,860 18,706 4.7 85,014 72,076 -15.2

Executive 1,238 845 -31.7 6,146 4,089 -33.5

Premium 223 240 7.6 803 1,010 25.8

Vans 15,155 17,976 18.6 58,061 62,543 7.7

Passenger cars 177,177 195,580 10.4 702,697 715,946 1.9

Multi-utility vehicles 45,191 64,105 41.9 173,264 240,893 39.0

Domestic sales 222,368 259,685 16.8 875,961 956,839 9.2

Exports 59,946 61,883 3.2 201,541 220,665 9.5

Total sales 282,314 321,568 13.9 1,077,502 1,177,504 9.3

160,000

170,000

180,000

190,000

200,000

210,000

220,000

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-16

Feb-16

Mar-16

Apr-16

May-16

Jun-16

Jul-16

42,000

46,000

50,000

54,000

58,000

62,000

66,000

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-16

Feb-16

Mar-16

Apr-16

May-16

Jun-16

Jul-16

6.5

7.0

7.5

8.0

8.5

9.0

9.5

10.0

13.5

14.0

14.5

15.0

15.5

16.0

16.5

Q1FY16

Q2FY16

Q3FY16

Q4FY16

Q1FY17

PBDITMargin(LHS) PATMargin(LHS)

RETAIL INDUSTRY

n Flipkart Ltd acquired online fashion retailer Jabong through its unit Myntra for US$ 70 million.

n LatestOne.com announced the launch of a managed marketplace which will list products from over 500 mobile and tech accessories vendors.

n Zivame launched four new stores in Pune, Gurgaon, Chandigarh and Delhi.

n Paytm partnered with Future Group taking Big Bazaar online where users can shop for Big Bazaar merchandise on Paytm marketplace.

n Adidas India received approval to bring in FDI in retail through its existing wholesale entity.

n Amazon opened its largest Fulfilment Centre (FC) spread over 200,000 square feet in Sonipat Haryana. It also launched a FC in Chennai with a storage area of close to 100,000 cubic feet.

n Amazon launched its prime subscription service in 100 cities across India.

n Snapdeal set up six mega logistics hubs which include 3 new centres at Delhi-NCR and one each at Lucknow, Hyderabad and Kolkata to strengthen its warehousing and delivery operations.

n Fitbit India Pvt Ltd plans to expand its offline business network from current 500 to 1,000 retail stores across India by the end of 2016.

n Bata India plans to expand in tier III and tier IV cities with new product labels aimed at rural markets, priced below ̀ 1,000.

n Christian Dior Fragrances and Beauty boutique entered the Indian market with the launch of its first outlet at Select Citywalk in New Delhi.

n Fashion etailer Yep-Me will open 400 stores through the franchise route in cities including Noida, Meerut, Bengaluru, Hyderabad, Ludhiana and Latur by the end of FY17.

n ShopClues will feature rare and hard-to-find imported goods and will enable easy access to top-rated goods from international markets across categories such as premium watches, beauty products, home furnishing, mobiles and electronic accessories as well as sports products and smart devices.

n American fashion apparel major Tommy Hilfiger received approval from the Foreign Investment Promotion Board to run own stores and start e-commerce in India.

n The mobile phone retail chains of Spice and Optiemus entered into an alliance to form a unified back-end with common management functions and buying.

Highlights

Retail trading: Key financial indicators (Apr-Jun 2016)


Source: CMIE


n Walmart agreed to purchase online retail player Jet.com for US$ 3 billion in cash and US$ 300 million in stock.

Global News



Net pro t (` bn)

PBDIT margin (%)

PAT margin (%)

Future Lifestyle Fashions Ltd. 8.0 0.8 0.0 9.7 0.4

Shoppers Stop Ltd. 7.7 0.2 -0.2 3.1 -2.8

Trent Ltd. 4.0 0.4 0.2 8.9 5.6

V-Mart Retail Ltd. 2.3 0.2 0.1 7.9 4.0

V 2 Retail Ltd. 1.1 0.1 0.0 10.5 3.7

Trend in HRC and CRC prices- Mumbai (`/tonne)

STEEL INDUSTRY

n To protect domestic industries from cheap imports, the Government of India extended the minimum import price (MIP) on 66 steel products for a period of two months till October 4, 2016.

n Director General Anti-dumping & Allied Duties (DGAD) recommended provisional anti-dumping duty of up to US$ 557 per tonne on hot rolled coil (HRC) sheet and plate imports from six countries namely China, Japan, South Korea, Russia, Brazil and Indonesia.

n Steel Ministry announced setting up of a special committee on issues related to the Stainless Steel Quality Control (QC) Order, 2016.

n According to the latest data from the Joint Plant Committee (JPC), part of the Steel Ministry, steel consumption in Jul 2016 increased by 1.1% y-o-y to 6.3 million tonnes but was down by 7.4% on m-o-m basis.

n As per the latest data from the JPC, steel production in Jul 2016 increased by 5.6% y-o-y to 8.1 million tonnes.

n GAIL India Ltd placed order for purchase of 315 km of steel pipes for Auraiya-Phulpur pipeline on Jindal Saw and Essar Steel at a total cost of ̀ 3.05 billion.

n VISA Steel resumed operations at its Steel Melt Shop, Ladle Refining Furnace, Vacuum Degassing and Rolling Mill facilities at its Kalinganagar plant in Odisha.

n Jindal Stainless Ltd received Bureau of Indian Standards (BIS) certification for manufacture of stainless steel flat products.

n In order to best utilise iron ore resources, zero waste mining, value addition and strengthening mineral economy, the Odisha government set up a new Directorate of Steel.

Finished Steel production

Highlights


n Tata Steel announced that the Quebec government will invest Canadian Dollar 175 million in its joint venture firm, Tata Steel Minerals Canada's direct shipping iron ore project (DSO project).

n Krakatau Steel announced to start the construction of a US$ 400 million hot strip mill in Cilegon, Banten, Indonesia. The mill is expected to add 1.5 million tonnes to its current 3.15 million tonne annual steel production.

Global News

Steel: Key financial indicators (Apr-Jun 2016)


Source: CMIE




Net pro t (` bn)

PBDIT margin (%)

PAT margin (%)

J S W Steel Ltd. 109.2 31.0 10.8 28.4 9.9

Jindal Stainless Ltd. 21.3 2.6 -1.0 12.5 -4.6

Jindal Stainless (Hisar) Ltd. 15.0 2.4 0.5 15.9 3.3

Uttam Galva Steels Ltd. 12.5 0.4 -2.5 3.2 -20.1

National Steel & Agro Inds. Ltd. 10.0 0.5 0.1 4.6 0.6

30,000

32,000

34,000

36,000

38,000

40,000

42,000

Jun-15

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-16

Feb-16

Mar-16

Apr-16

May-16

Jun-16

HRCoils(2.00mm) CRCoils(1mm)

-12

-8

-4

0

4

8

6,800

7,300

7,800

8,300

8,800

Jun-15

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-16

Feb-16

Mar-16

Apr-16

May-16

Jun-16

Production(LHS) Growth(RHS)

'000Tonnes %

n The textile sector in India attracted foreign direct investment (FDI) of US$ 230.13 million in FY16, registering a growth of 16.6% y-o-y, according to the department of industrial policy & promotion.

n The Taxation Laws (Amendment) Bill, 2016 was approved by Lok Sabha. As regards the textiles & garments sector, the taxation amendment bill eased the conditions for availing tax incentives under Section 80JJAA of the Income Tax Act, 1961.

n With the launch of Primante brand, Arvind Ltd forayed into worsted suiting and plans to garner a market share of 10% in three years and 20% in five years.

n The Fashion Design Council of India (FDCI) collaborated with the Development Commissioner (DC) Handlooms to reinvent indigenous crafts executed by handloom weavers through effective skill development.

n Aditya Birla Group plans a merger of Grasim and Aditya Birla Nuvo.

n The Chatterjee Group (TCG) picked up a majority stake in Japanese major Mitsubishi Chemical Corporation's (MCC) Indian unit in West Bengal for around ` 3.22 billion.

n Valsad based Atul Ltd developed the mobile app, named 'AtuloCloud' which will help customers to access the technical database of dyes.

n India's spinning technologies producer LMW designed, developed and launched a solar powered mini ring frame, which is expected to benefit the khadi industry.

n Welspun plans to launch a series of innovative textiles with patented technology. The company announced the patented HygroCotton technology by its premium brand Spaces Home & Beyond.

n India, in its attempts to curb speculations across various markets and trading platforms, and bring about further transparency in the price discovery mechanism is planning to launch a cotton price index of its own for which it will be taking into account benchmark rates from four different sources.

n Shri Vallabh Pittie Industries inaugurated its ` 4.5 billion new textile plant in Rajasthan. The plant is fully automated with 100,000 spindles holding a manufacturing capacity of 22,000 tonnes per annum and is spread across 25 acres of area.

Fabrics production(Million sq. metres)

Cotton and synthetic yarn production ('000 tonnes)

TEXTILE & GARMENT INDUSTRY


Highlights

Textiles & Garments: Key financial indicators (Apr-Jun 2016)


Source: CMIE




Net pro t (` bn)

PBDIT margin (%)

PAT margin (%)

Grasim Industries Ltd. 24.3 5.4 3.2 22.2 13.0

Arvind Ltd. 14.7 2.1 0.9 14.7 5.8

Welspun India Ltd. 13.9 3.6 1.8 25.7 13.0

Aditya Birla Nuvo Ltd. 11.9 1.6 10.6 13.7 44.9

Trident Ltd. 11.5 2.4 0.8 20.9 6.8

4,600

4,800

5,000

5,200

5,400

5,600

5,800

6,000

Jun-15

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-16

Feb-16

Mar-16

Apr-16

May-16

Jun-16

180

210

240

270

300

330

360

390

Jun-15

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-16

Feb-16

Mar-16

Apr-16

May-16

Jun-16

Cottonyarnproduction Syntheticyarnproduction

Three-wheeler: Domestic salesvolume (Nos.)

Two-wheeler: Domestic sales volume (mn)

TWO-WHEELER AND THREE-WHEELER INDUSTRY


Highlights

n Yamaha Motor Research & Development India Pvt Ltd plans to set up its second R&D centre in India at Yamaha Motor's plant in Kanchipuram district, Tamil Nadu, with an investment of about ̀ 660 million.

n Royal Enfield, motorcycle division of Eicher Motors plans to invest ̀ 6 billion in a new manufacturing plant in Tamil Nadu, in product development and research & development (R&D) centres.

n Hero Motor Corporation Ltd launched its first in-house developed motorcycle, the new Splendor iSmart 110 priced at ̀ 53,300 (ex-showroom Delhi).

n TVS Motor commenced manufacturing of two-wheelers for BMW at its Hosur facility.

n Indian arm of European two wheeler manufacturer Piaggio Vehicles commenced manufacturing of the Aprilia SR 150 from its plant in Baramati, Maharashtra.

n Bajaj Auto launched three-wheeler cargo vehicle - Maxima C in CNG variant priced at ` 1.89 Lakh (ex-showroom Delhi) and Bajaj Platina 100 ComforTec priced at ` 43,241 (ex-showroom Delhi). The company also launched Avenger Street variants in two new colours - Matte Wild Green and Cosmic Red priced at ` 85,497 and ̀ 75,500 (ex-showroom Delhi) respectively.

n Polaris Industries Inc's arm Indian Motorcycle launched 2016 Scout Sixty priced at ̀ 12.21 lakh (ex-showroom Hyderabad).

n Indian premium bike segment player, Firefox Bikes launched Swiss Military co-branded bikes in association with Swiss Military.

Two Wheelers & Three Wheelers

Source: CMIE

Two & three wheelers: Key financial indicators (Apr-Jun 2016)



Segments

Jul-16 Apr-Jul FY16

Vol (Nos) y-o-y growth (%) Vol (Nos) y-o-y growth (%)

Domestic Sales

Two wheelers 1,476,340 13.5 6,019,076 14.1

Three wheelers 46,098 2.1 185,595 17.3

Exports

Two wheelers 202,843 -14.6 780,256 -10.0

Three wheelers 29,914 -21.9 95,746 -40.4



Net pro t (` bn)

PBDIT margin (%)

PAT margin (%)

Hero Motocorp Ltd. 74.0 12.3 8.8 16.6 11.7

Bajaj Auto Ltd. 57.5 11.8 9.8 20.5 16.3

T V S Motor Co. Ltd. 28.8 2.0 1.2 7.0 4.2

Eicher Motors Ltd. 15.6 4.8 3.4 30.8 21.0

Atul Auto Ltd. 0.9 0.1 0.1 9.4 5.4

1.0

1.1

1.2

1.3

1.4

1.5

1.6

1.7

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-16

Feb-16

Mar-16

Apr-16

May-16

Jun-16

Jul-16

42000

44000

46000

48000

50000

52000

54000

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-16

Feb-16

Mar-16

Apr-16

May-16

Jun-16

Jul-16

Auto Components

Passenger vehicle

Commercial vehicle

2 & 3- wheeler

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DISCLAIMER:

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Industry cursor - August 2016 - Dun & Bradstreet · PDF filearound 150,000 ground wheels, from Mobius Motors, ... HR coils 2.00 mm CR coils 0.63 mm 9,000 11,000 13,000 15,000 Jul-15