BUSINESS
RIL: Strong earnings growth led by consumer-facing businesses
Higher production in oil and gas, strong subscriber addition and higher ARPU in Jio Platforms and robust revenue growth and cost management in retail underlined RIL’s performance in Q2 FY24
BUSINESS
Jubilant Foodworks: Soft quarter; performance expected to improve
With a favourable base over the past one year as well as the upcoming festive season and the ongoing cricket world cup, we expect LFL growth to turn positive from Q3FY24
BUSINESS
Dodla Dairy: Earnings outlook healthy
We expect DDL to continue to gain market share as it enters new geographies adjacent to current operations such as Maharashtra, Goa, and Odisha
BUSINESS
Metro Brands: On a strong footing to capture growth
MBL will focus on premium products, which, along with the accessories business, are key to boost same-store sales growth. The online business will continue to grow, with a focus on profitability.
BUSINESS
Bajaj Auto: Earnings trajectory improving; valuations reasonable
Improved product mix, lower commodity prices, and higher forex realisation aided the company’s performance
BUSINESS
D-Mart: Double-digit earnings growth to resume from H2
We expect margins to improve from H2FY24 as the upcoming festive season is likely to improve the business mix and operating efficiency improves as the bigger stores mature
BUSINESS
Metro Brands: This footwear player is running with multiple growth legs
Rapid store expansion, ramp up of e-commerce & strong growth prospects for FILA will drive growth momentum for the company.
BUSINESS
Titan Company update: Yet another strong quarter; outlook bright
With the company aggressively ramping up its network and with regulatory tailwinds, Titan is expected to continue to gain market share in its key jewellery business
BUSINESS
NCC Ltd: Order wins at all-time high; execution may gain traction
Order inflow in H1FY24 is now close to the entire new order wins last fiscal. With a strong balance sheet, we are confident of NCC’s capabilities to execute its huge order book.
BUSINESS
Trent Limited: Cruising on a strong growth runway
With a strong parentage of the Tata Group, growing customer base, and huge potential to tap new customers via the digital route, Trent is well-positioned to strengthen its presence in the fashion space
BUSINESS
EIH: Investors got to check in to this luxury property. Why
EIH, with premium offerings, like Oberoi and Trident, and a strong balance sheet, is among the quality stocks to play the hotel industry upcycle
BUSINESS
SAMHI Hotels: Well-positioned to ride the industry upcycle
With debt reduction and increase in reserves, SAMHI’s debt-equity ratio will be comparable with the industry average and will enable it to ride the hotel industry upcycle over the next few years
BUSINESS
Manoj Vaibhav Gems and Jewellery IPO: Will this regional player shine at the bourses?
With IPO proceeds, MVGJL will strengthen its presence, entering newer micro markets around existing locations. A focus on premium offerings, relatively lower marketing costs and operating leverage provide scope for margin improvement.
BUSINESS
SAMHI Hotels: Should you check into this hotel IPO?
While SAMHI’s balance sheet is weak, the repayment of debt will impart strength and enable it to tap growth opportunities that the hotel sector is throwing up
BUSINESS
Lemon Tree Hotels: Why it remains our preferred pick
LMNT is among the quality hotel companies, with a leading position in the mid/upper-mid hotel space and would be among the key beneficiaries of the industry uptrend
BUSINESS
Thangamayil Jewellery: Will the glitter in the stock sustain?
TMJL is one of the best-performing stocks in the mid-cap space. Favourable regulatory tailwinds, including mandatory hallmarking, provide significant scope for organised players like TMJL in the long run
BUSINESS
Relaxo Footwears: Strong results; on track for market share gains
The company is well placed to capture market share in the footwear industry and we expect double-digit volume growth to resume from the current fiscal.
BUSINESS
Campus Activewear: Strong earnings growth to resume from H2
Volume growth, coupled with margin improvement, should lead to strong earnings growth from H2FY24. Regulatory tailwinds such as the implementation of BIS certification in footwear are likely to lead to market share gains for CAL
BUSINESS
Page Industries: Sharp sequential earnings growth; long-term outlook robust
Given the improving earnings trajectory and strong prospects in the long run, the stock is likely to re-rate.
BUSINESS
Royal Orchid Hotels: Results miss estimates, but growth prospects bright
The addition of professional management will enable ROHL to transition to a pan-India player with focus on quality services, best industry practices as well as strengthening brand image.
BUSINESS
Mrs Bectors Food Specialities: Strong start to the fiscal; growth momentum to continue
The company has guided for a high-teen revenue growth in the current fiscal and expects margins to remain in the record 15% range witnessed in Q1.
BUSINESS
Devyani International Limited: Poised to deliver industry-leading growth
With the easing of input prices and a pick-up in growth, earnings are expected to improve.
BUSINESS
Titan Company: Margin miss in Q1; healthy long-term outlook
While Titan's jewellery segment margins were affected in Q1 owing to aggressive discounts and as well as markdown on growth rates, the management is confident of margin recovery in subsequent quarters and has retained FY24 margin guidance
BUSINESS
HG Infra Engineering: Marginal miss on execution; outlook robust
HGIEL has guided for robust order inflows in the current fiscal, which, together with a strong order book, would maintain growth momentum
