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Bharat Gianani

Senior Research Analyst

Moneycontrol

Nykaa: Should investors buy the stock, post steep correction?

BUSINESS

Nykaa: Should investors buy the stock, post steep correction?

Going ahead, investment in new initiatives would restrict margin improvement and we expect Nykaa’s EBITDA margins in FY23 to remain below the FY21 levels. The fashion business is expected to remain loss-making at the EBIDTA level in the near term

Aditya Birla Fashion & Retail: Well poised to strengthen presence in apparel space

BUSINESS

Aditya Birla Fashion & Retail: Well poised to strengthen presence in apparel space

ABFRL is a comprehensive apparel player, and it is likely to further strengthen its presence in the industry.

Royal Orchid Hotels: A quality stock to play industry upcycle

BUSINESS

Royal Orchid Hotels: A quality stock to play industry upcycle

ROHL, with a strong brand image in the mass market, strong loyal customer base of about 2.6 lakh, robust balance sheet and aggressive growth plans would be key beneficiary of the industry upcycle.

Page Industries: Results lag estimates, earnings growth outlook healthy

BUSINESS

Page Industries: Results lag estimates, earnings growth outlook healthy

The company has the potential for a healthy high-teen revenue growth in the long run. Increased premiumisation in men’s innerwear as well as strong growth potential in emerging categories provide a healthy growth visibility

Lemon Tree Hotels: Results beat estimates, quality stock to play industry upcycle

BUSINESS

Lemon Tree Hotels: Results beat estimates, quality stock to play industry upcycle

H2, being a seasonally strong quarter, would see a further uptick in demand. LMNT is witnessing strong gains in room rates (both corporate as well as retail) and favourable demand-supply dynamics would further strengthen pricing.

Keystone Realtors IPO: A play on growth and quality

BUSINESS

Keystone Realtors IPO: A play on growth and quality

The company is a perfect blend of growth and quality which should help deliver good returns over the next few years

Indian Hotels Company: Lower than expected results; outlook strong

BUSINESS

Indian Hotels Company: Lower than expected results; outlook strong

IHCL, with a presence across segments, viz., luxury, semi-luxury, premium as well as economy, is the primary beneficiary of the upcycle in the hotel industry, which has just started to unfold.

Jubilant Foodworks: Steady earnings growth to continue

BUSINESS

Jubilant Foodworks: Steady earnings growth to continue

We expect Jubilant Foodworks to deliver steady earnings growth led by robust store expansion in Domino's core brand and introduction of new products with focus on regional tastes

Titan Company: Will the stock continue to shine?

BUSINESS

Titan Company: Will the stock continue to shine?

Titan has stellar growth prospects in the jewellery segment, while the ramp-up of non-jewellery business will aid in maintaining robust growth momentum.

Relaxo Footwear: Near-term weakness to persist

BUSINESS

Relaxo Footwear: Near-term weakness to persist

Earnings pressure is expected to sustain in the next two quarters, led by price cuts in the chappal category, liquidation of high-cost inventory and the longer duration to reflect the recent raw material price correction

Bikaji Foods International IPO: Perfect taste for long-term investment

BUSINESS

Bikaji Foods International IPO: Perfect taste for long-term investment

Bikaji Foods International is poised for an industry-leading growth, supported by increased capacity utilisation, higher distribution reach and huge scope for gains from the unorganised segment, in the next few years

Larsen & Toubro: Second half could be even better; stock has more fuel to climb

BUSINESS

Larsen & Toubro: Second half could be even better; stock has more fuel to climb

With soft commodity prices, L&T earnings set to get better over the next few quarters

Sumitomo Chemical India: Look beyond the glyphosate usage notification

BUSINESS

Sumitomo Chemical India: Look beyond the glyphosate usage notification

Overall, SCIL has a strong growth potential owing to the healthy launches in the domestic market

Sharda Cropchem: Why are we cautious on the stock despite a steep correction?

BUSINESS

Sharda Cropchem: Why are we cautious on the stock despite a steep correction?

Given the currency trend, we expect margin pressure to sustain in the near term and have reduced our margin assumptions for FY23

Metro Brands Ltd: Strong results, recent acquisition to add value

BUSINESS

Metro Brands Ltd: Strong results, recent acquisition to add value

MBL has strong financial discipline and earnings growth trajectory. While recent acquisition of Cravatex Brands may impact financials in near term, it is expecetd to create value for MBL in the long run.

RIL Q2: Retail, telecom shine, offset weakness in legacy business

BUSINESS

RIL Q2: Retail, telecom shine, offset weakness in legacy business

With focus on financial services which can be offered in combination with digital services and retail, RIL is set to become a powerhouse in consumer businesses

Rallis India: Will the stock rally in the long run?

BUSINESS

Rallis India: Will the stock rally in the long run?

Thangamayil Jewellery: Weak results, but strong long-term growth prospects

BUSINESS

Thangamayil Jewellery: Weak results, but strong long-term growth prospects

Margins in H1FY23 are at historical lows and we expect improvement from the current levels. We expect healthy earnings growth hereon for TMJL

Avenue Supermarts (D-Mart): Strong operating show with earnings visibility

BUSINESS

Avenue Supermarts (D-Mart): Strong operating show with earnings visibility

D-Mart’s performance would improve as footfalls pick up (currently below pre-COVID levels) and inflationary pressures recede

Campus Activewear: A sporty fit for your portfolio

BUSINESS

Campus Activewear: A sporty fit for your portfolio

Campus Activewear Limited is likely to deliver one of the fastest earnings growth stories, and has the highest return ratios in the listed footwear space

Titan Company: Show set to take on more shine

BUSINESS

Titan Company: Show set to take on more shine

Titan Company posted strong 18 percent topline growth in September 2022 quarter on a high base of the corresponding quarter last year led by strong consumer demand.

Electronics Mart India: Will this consumer electronics IPO be a hit?

BUSINESS

Electronics Mart India: Will this consumer electronics IPO be a hit?

The scope for market share gains by organised players, rapid store expansion to be funded by IPO proceeds as well as the attractive valuation make us positive on this public issue

Aditya Birla Fashion & Retail: This apparel player has huge re-rating potential

BUSINESS

Aditya Birla Fashion & Retail: This apparel player has huge re-rating potential

While ABFRL continues to build its core Lifestyle brands and Pantaloons business, the new segments of innerwear, ethnic as well as sportswear (through Reebok India) hold a lot of promise and provide the next growth leg

Discovery Series | Royal Orchid Hotels: Will the stock fly to new highs?

BUSINESS

Discovery Series | Royal Orchid Hotels: Will the stock fly to new highs?

A strong balance sheet owing to an asset-light approach makes the company well poised to reap the benefits of a demand surge. Also, attractive valuations provide potential for significant re-rating from current levels.