BUSINESS
Indian Hotels Company: Strong results; to consolidate leadership position in industry
With travel picking up, government efforts to boost connectivity as well as India hosting key international events, demand momentum should remain strong. IHCL expects the uptick in average room rates to continue.
BUSINESS
Larsen & Toubro Q1 FY24: Execution picking up, earnings to follow
Strap: Strong order inflows, better execution, and momentum in capex cycle augur well for the company
BUSINESS
Dodla Dairy: What should one do, post steep run-up in stock price?
DDL is likely to continue gaining market share as it enhances network reach, not only deepening presence in existing markets but also entering new markets
BUSINESS
ITC: What does the de-merger of the hotel business mean for shareholders?
The hotel business has subpar return ratios compared to other businesses of ITC
BUSINESS
Reliance Q1 results: Newbies cover the weakness of the legacy business
Though O2C revenues declined, consumer-facing businesses displayed better operating efficiencies
BUSINESS
Discovery Series: Senco Gold Limited — Will it sparkle your portfolio?
SGL has received accolades as the most desired and trusted jewellery brand, has a track record of steady performance and one of the big four auditors on board, indicating transparency and robust governance practices. The current valuations seem reasonable.
BUSINESS
D-Mart: Margin pressures sustain; valuation expensive
While D-Mart has strong long-term growth prospects, near-term margin and earnings pressure would prevent re-rating.
BUSINESS
NCC Limited: Will re-rating sustain for this construction player?
NCC, with its diverse order book and track record in the execution of varied infrastructure projects, would be the prime beneficiary of the govt’s increased spend on infrastructure.
BUSINESS
Titan Company business update points to a show full of sparkle
We remain confident on the business prospects of Titan, given the huge growth runway in the jewellery space. Ramp-up of the non-jewellery business, led by new launches and enhanced network reach, is an additional growth trigger.
BUSINESS
Senco Gold IPO: Will it sparkle on the bourses?
Senco Gold focuses on lightweight jewellery and has a strong brand reputation and track record. IPO valuations are at a steep discount to comparable listed peers
BUSINESS
Campus Activewear: What next for you after the steep correction?
While the near term outlook is subdued, we are bullish on long term growth prospects. Campus, with its price positioning, entry into newer categories and expanding direct reach, is likely to reap the benefits of the strong industry growth over the long run
BUSINESS
PNC Infratech: Quality stock to play the infrastructure upside
PNC Infratech has guided to a strong order inflow in the current fiscal, which, coupled with its healthy order book, brightens its growth outlook. PNC remains our preferred bet in the construction space
BUSINESS
Relaxo Footwears: Q4 FY23 marks trend reversal; getting back foothold
Relaxo regained market share in Q4FY23 as it narrowed the price differential with competition (realised lower raw material prices and cut prices). We expect resumption of robust volume growth as well as recovery of margins to pre-COVID levels from FY24
BUSINESS
Devyani International Ltd: Witnessing demand improvement, robust long-term prospects
DIL is witnessing signs of demand improvement in the current quarter and we expect it to reach the medium-term SSSG guidance of 6-7 percent for both KFC and Pizza Hut in H2FY24.
BUSINESS
Metro Brands: Is this the right fit for you?
Metro Brands has a huge runway for growth, given that it can establish its presence in double the cities it currently serves
BUSINESS
Lemon Tree Hotels: Poised to ride the industry upcycle
LMNT has planned aggressive room additions and aims to strengthen its presence across the country, thereby emerging as a frontrunner in the mid-scale segment.
BUSINESS
Campus Activewear Ltd: Headwinds in the near term; growth trajectory to resume from H2
While demand is expected to be subdued in the near term, CAL is bullish on the long-term growth prospects and expects healthy volume growth to resume from H2FY24.
BUSINESS
Mrs Bectors Food Specialities: Strong results; market share gains to sustain
Mrs Bectors Food Specialities would continue to gain market share in both biscuits as well as bakery segments led by improving distribution reach as well as introduction of new products
BUSINESS
Page Industries: Near-term headwinds; long-term story intact
Page expects the ongoing subdued demand to be temporary and is bullish on the long-term growth prospects.
BUSINESS
Nykaa: Should investors buy the stock, post the steep correction?
The management has exuded confidence in operating margin improvement, given the expected reduction in employee costs as well as continued improvement in unit economics, which would be a key re-rating trigger
BUSINESS
EIH Limited: Quality stock to play the industry up-cycle
EIH, with reputed brands (Oberoi, Trident), quality management, and a strong balance sheet, is among the best stocks to play the hotel industry up-cycle.
BUSINESS
Aditya Birla Fashion & Retail: Why we continue to remain cautious on the stock
New businesses would continue to drag profitability and margin pressures witnessed last fiscal are likely to sustain in FY24 also.
BUSINESS
Jubilant Foodworks Limited: Should you bite into this QSR stock?
The pressure on SSSG is likely to continue in the near term as pizza, being a relatively high-ticket product, has seen a greater impact of the slowdown. With elevated raw material prices and a ramp-up of the new Popeyes business, margins improvement is unlikely in near-term.
BUSINESS
Cantabil Retail India Ltd: Robust results, strong re-rating candidate
CRIL is aggressively expanding its reach and boosting same-store sales growth (SSSG) as it plans to double revenues by FY26.
