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Post by Equity Section on Aug 31, 2011 14:23:08 GMT 5.5
Key Points from Annual Report 1. The reduction in margins is mainly because of increase in prices of materials by 16% during the year led by an increase in the average price of aluminium of 18%. Consequent to the increase in input costs, we have effected two price increases in our products of about 6% each during the financial year. 2. Pressure cooker sales volume increased by 12.5% and sales value by 17.6% over the previous year. Despite pressure cooker production increasing from 28 lakh units to 31.4 lakh units, we were not able to supply fully the demand for our pressure cookers. Similarly, in cookware our demand has been substantially more than our ability to supply. 3. One new pressure cooker model was introduced & well-received with sales upto 21,000 units. 4. The number of employees is 889. Morale of employees is high except at Jaunpur plant where workers are in a "go-slow" mode. 5. The general inflationary trend in the Indian economy is a cause for concern. While the London Metal Exchange price trend for aluminium in the current quarter (June 2011) seems to have reached a plateau, it may once again move up irrationally and pose a threat. 6. FOB value of exports was Rs. 12.43 crores, up 8% over previous year. 7. The company has obtained Recognition from the Department of Science and Industrial Research for in-house R&D unit. |
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Post by Equity Section on Sept 3, 2011 16:39:49 GMT 5.5
There's a strike going on at Hawkins' Jaunpur plant. Hawkins' is considering this strike illegal, but, strike is getting local support. Various organisations're getting behind the strike. Hawkins Cookers had already reported that Jaunpur plant was already in go-slow mode. This incident might hamper Hawkins' production and can affect its sales for the next coming quarter.
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Post by Equity Section on Sept 5, 2011 12:40:24 GMT 5.5
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Post by Equity Section on Sept 6, 2011 10:51:13 GMT 5.5
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Post by Equity Section on Sept 13, 2011 14:57:44 GMT 5.5
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Post by Equity Section on Sept 17, 2011 19:42:03 GMT 5.5
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Post by kailash on Nov 12, 2011 20:42:41 GMT 5.5
I was for once investsed in Hawkins Cookers and for a long time. I sold off recently Hawkins Cookers after the 2 nd quarter results. I think the management of Hawkins Cookers is just making words for everybody. For the past 2 or 3 years, Hawkins Cookers management is stating that they were not able to meet demands. What they never stated that they had straightaway labour problems in their Hawkins Cookers plant in Jaunpur. They hid that from the shareholders & only told about it in this year's Hawkins Cookers' AGM. I don't know whether you can tell that Hawkins Cookers management is honest & ethical despite withholding information from Hawkins Cookers shareholders. Yes, its true that Hawkins Cookers pay big dividends. Its just my opinion. I know big money is made in unexpected circumstances. But, atleast a bit of information is always a good guidance factor in investments which Hawkins Cookers doesn't provide at all.
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Post by A. D. Sharma on Nov 13, 2011 1:07:34 GMT 5.5
I wish to state one thing regarding Hawkins Cookers. One must give some breathing space to Hawkins Cookers. Its been a difficult time for them Hawkins Cookers. And, yes, they're kind of losing market space to other players & new entrants. No doubt about that. But then this happens in everybody's growing phase. Lets see how Hawkins Cookers manages with this lean period. Hawkins Cookers attitude is all that matters. Time will only tell about Hawkins Cookers success. Nobody else.
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Post by Equity Section on Nov 13, 2011 22:46:05 GMT 5.5
I have seen heated discussions on Hawkins Cookers on other forums. Its happening here too. Its good. I think if Hawkins Cookers management ever gets to take note of that, they must act in a more communicative manner.
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Post by Equity Section on Jun 28, 2012 18:55:28 GMT 5.5
Hawkins Cookers sales have been stagnating as has been known to anybody due to whatever problems they're having. In December too, results were dismal not standing upto the expectations of the investors. Sales improved by 10% this quater year-on-year. Raw Materials constitutes around 50% of sales. Employee cost stands around 12%. They have spent a lot on advertisements, as they say which is atleast not visible to me, to the tune of 10% of Sales. Operating Profit percentage is coming out to be 5.65%, a huge drop primarily on account of Advertisement expenses. Overall, a dismal performance not to the liking of investors. www.hawkinscookers.com/financial_results/December%202011.html |
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