BUSINESS
Dodla Dairy: Healthy earnings profile from FY24 to drive rerating
The trend of low single-digit earnings growth witnessed over the past two years is expected to end and we expect decent double-digit earnings growth to resume from FY24
BUSINESS
RIL Q3: Consumer business continues to scale new highs even as traditional business rules
BUSINESS
Metro Brands: Strong results, sunny growth prospects
MBL has a huge runway for growth and is fast expanding its store network. The acquisition of Fila and Proline brands fills a key gap in the MBL's product portfolio, and has a huge growth potential in the long run
BUSINESS
Budget 2023 expectations from consumption & retail: Cautiously optimistic, especially rural markets
The government is likely to prefer indirect transfer of income which creates a multiplier effect on the economy to boost consumption
BUSINESS
Budget 2023 Expectations: Will the push for capex-led growth continue?
We believe the government would keep the infrastructure spend elevated and announce incentives, like production-linked schemes, to encourage private investments and capital expenditure
BUSINESS
D-Mart: Slight miss on margins; huge runway for growth
While revenues grew 25 percent year on year (YoY), margins were affected owing to an adverse product mix. As inflationary concerns recede and the share of discretionary items picks up, we expect sales as well as profitability of D-Mart to improve
BUSINESS
NCC: Is this construction company set for a stock rerating?
Strong order wins, continued robust execution in H2FY23 and improvement in margins owing to the correction in raw material prices are positives for NCC to maintain strong earnings growth momentum
BUSINESS
Titan Company: Q3 revenue growth broadly in line with expectations; long-term triggers intact
The company posted double-digit growth across business segments, reporting an overall standalone business growth of 12 percent year on year (YoY) in the December 2022 quarter
BUSINESS
HG Infra Engineering: Robust growth play, diversification set up pitch for rerating
More order wins, monetisation of assets to create liquidity buffer and improved execution will help this construction major
BUSINESS
Mrs Bectors Food Specialities: Will this FMCG player race ahead of the industry?
Capacity expansion, wider distribution network, and increased exports to help the company deliver double-digit growth in the medium term
BUSINESS
KNR Constructions: Key beneficiary of government’s infra push
While Q3FY23 may be affected, owing to extended rains as well as slower execution in irrigation projects, we expect execution to pick up strongly in the next fiscal.
BUSINESS
Reliance Retail: Takeover of Metro India operations to aid new commerce business
Metro’s 3-million customer base and a wide product range will enable Reliance Retail to rapidly scale up the retail business and strengthen its position in the industry
BUSINESS
Speciality Restaurants: Is this restaurant stock preparing a recipe for more success?
With H2 being seasonally strong (owing to festivities and higher propensity to consume outside food) as well as recent softening of input prices, the financial performance would only improve.
BUSINESS
EIH: Should you check in for this hotel stock?
Preferred both by local and foreign travellers, EIH is a quality stock to play the industry upcycle.
BUSINESS
Trent: Can it keep its strong growth momentum, going ahead ?
Trent’s aggressive store expansion plans are on track and we expect the company to deliver industry-leading growth over the medium to long term.
BUSINESS
Campus Activewear: Steep stock correction a window of opportunity?
CAL is increasingly gaining market share and enjoys a huge growth potential, given its unique positioning in the mid-mass market sports shoe segment, with prices well suited to the Indian consumer
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
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.
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.
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
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.
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
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.
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
