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sanjay3
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Joined: 20/Aug/2006
Location: India
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Posts: 257
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   Posted: 20/Jan/2007 at 6:47am |
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GCMMF: An Overview
Gujarat Cooperative Milk Marketing Federation (GCMMF) is India's largest food products marketing organisation. It is a state level apex body of milk cooperatives in Gujarat which aims to provide remunerative returns to the farmers and also serve the interest of consumers by providing quality products which are good value for
Sales Turnover Rs (million) US $ (in million)
2003-04 28941 616
2004-05 29225 672
2005-06 37736 850
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nikhil090
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Joined: 06/Nov/2006
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Posts: 1344
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Posted: 20/Jan/2007 at 9:16am |
the key will come to the entry barriers for lets say Britannia, Amul to enter into Nutralite.. As and when it becomes popular, every current popular butter manufacturer will offer this in its portfolio and they will get more m/s because of brand recall as well as their wider reach.. I dont think Cadilla will be able to compete with Amul/britannia etc unless they have something which cannot be replicated.. some competitive advantage.. Is there any??
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basant
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Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 20/Jan/2007 at 10:29am |
You have a point but we need to see about what happens if Cadilla takes away just 10% of the market share. ANything more then that does not seem possible but 10% of market share with a higher 15% coming in form the metros is a possibility.Has anyone worked out the numbers for this? ALso these companies have undefined time lines. FOr instance we need to hold them for 5 years and then hope that the transformation comes unlike the others where we know the direction and destination in 3-4 years.
I am not saying that Carnation is a dudd or anything but just that we cannot plan and expect returns within the dedicated timeline because maybe the management itself does not know where it would be in 2010.
The stock should however be a market outperformer though.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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s_praharaj
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Joined: 10/Sep/2006
Location: India
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Posts: 357
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Posted: 21/Jan/2007 at 3:59pm |
Today I went to another nearby shop and bought a Nutralite. Again I asked him "how this is selling". He gave me a big lecture. He told more and more people are getting health conscious. Previously I was selling one or two in a week, but now I am selling at least 40 in a week. It has a great future.
I came back home satisfied and thinking to make some initial purchases. With today's Hindusthan Times, Bombay Edition there is a supplement called "Brunch". In that there is a article by Vir Sanghvi. A full 2 page article which says, margarine based butters are thoroughly bad for health. It goes on to say that Amul or any other home grown butter is not only good in taste, it is healthy too.
It is certainly a dampner. TED members can verify this article.
Edited by s_praharaj - 21/Jan/2007 at 4:01pm
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Shashi Praharaj
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kulman
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Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 21/Jan/2007 at 6:05pm |
Very interesting & informative posts here....
Generally, my observation is that margarine is gaining popularity due to lots of people becoming health conscious and having seen its wide usage in Western world.
Let's see how Carnation fares in gaining market share. I further invite forum member's opinion/views on following:
1. Cadila's management
2. The analysis done by Mr. Ashish Chugh
3. Ashish Chugh as an analyst
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Life can only be understood backwards—but it must be lived forwards
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johnnybravo
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Joined: 17/Jan/2007
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Posted: 22/Jan/2007 at 3:29pm |
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Margarine might be a great thing technically, but the product needs to appeal to the consumers. Consumers need to be really aware of the benefits.
It would be very easy for established brands like Amul, Britannia to come out with products that have tall claims! In India almost all retail brands adopt this practice, without the actual product being hardly superior and nobody is out there to verify whether it is actually that good or not.
So i see more such less-harmful butter variants coming into the market in the near future and gaining market share, but how much of that shall be Margarine is my doubt.
Just thought of the high speed petrol and diesel brands that came a few years back. Now every oil marketting company has these. Whether it really gives a performance boost or not is a 50-50 opinion.
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prosperity
Senior Member
Joined: 01/Sep/2006
Location: India
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Posts: 546
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Posted: 22/Jan/2007 at 3:36pm |
But unlike high speed petrol and diesel brands, Margarine is CHEAPER than Butter !!
I am a user of Nutralite for past 2 months ... much before we began this topic .. the TV advertisement converted me ...
And i bought some stocks last week ... Thanks to Kulman !
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basant
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Posts: 18403
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Posted: 22/Jan/2007 at 4:10pm |
Kulmanji spreading knowledge with prosperity to prosperity .
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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