【出版时间及名称】：2010年2月印度消费行业研究报告
        【作者】：摩根斯坦利
        【文件格式】：pdf
        【页数】：65
        【目录或简介】：

Contents
Summary and Conclusions........................................................................................................................................... 3
Rise in Competitive Pressures = De-rating of Price/Earnings Ratio.......................................................................... 7
Multiple Sources of Competitive Pressure................................................................................................................... 8
The Outlook for Margins, Revenues, and Earnings................................................................................................... 12
Valuations, Estimates, and Ratings ............................................................................................................................ 14
Our Stock Preferences................................................................................................................................................. 16
Key Highlights from Q3F10 ......................................................................................................................................... 18
Long-Term Growth Potential Intact ............................................................................................................................. 20
Revised Earnings Estimates – What’s Changed in Earnings?................................................................................. 21
Valuation and Price Target Methodology: Rising Probability of Increased Competitive Intensity ...................... 22
Company Analysis ....................................................................................................................................................... 26
ITC (ITC.BO, Rs245, OW, PT Rs300)........................................................................................................................... 27
Tata Tea (TTTE.BO, Rs922, OW, PT Rs1047).............................................................................................................. 31
Dabur India (DABU.BO, Rs165, EW, PT Rs180) ......................................................................................................... 36
Hindustan Unilever (HLL.BO, Rs237, UW, PT Rs208)................................................................................................ 41
Colgate-Palmolive India (COLG.BO, Rs713, UW, PT Rs653) .................................................................................... 46
Nestle India (NEST.BO, Rs2572, EW, PT Rs2652)...................................................................................................... 51
Godrej Consumer Products (GOCP.BO, Rs238, EW, PT Rs256).............................................................................. 54
Marico (MRCO.BO, Rs102, EW, PT Rs103) ................................................................................................................. 58