Carborundum Universal - Meeting takeaways - Kotak

(1) The company is not seeing any signs of recovery in India. In Europe, initial signs point to a strong recovery ahead; Europe could be the surprise package of FY2015, (2) price increase in abrasives can only be achieved in 4QFY14; 3QFY14 is a seasonally weak quarter and hence price increase is difficult to push through, and (3) margins should gradually improve at VAW (led by price increase), Thukela (cost rationalization and rising volumes) and Foskor (improving volumes).

Source : Equity Bulls

Keywords