BUSINESS
Lemon Tree Hotels: Will the stock continue its upward journey?
With strong earnings growth, favourable industry dynamics as well as attractive valuations, the stock would continue to re-rate
BUSINESS
Devyani International: On track to deliver strong earnings growth
With robust new store additions, menu innovation and margin improvement, DIL is poised to deliver strong earnings growth in the medium term
BUSINESS
Dhanuka Agritech: Volumes to pick up but margin pressure to sustain
The stock valuation offers little margin of safety for investors. Earnings drivers such as margin improvement as well as the benefits of backward integration with the commissioning of the Dahej plant would be available only in the next fiscal
BUSINESS
Metro Brands: Good fit for your portfolio
With aggressive store expansion and robust same-store sales growth (SSSG), owing to the focus on premiumisation, MBL is on track for a strong growth, going ahead.
BUSINESS
Jubilant FoodWorks: On a healthy, profitable growth path
JFL is enhancing its core Domino’s brand in India by opening new stores and would also scale up new businesses. Despite inflationary pressures and the split-store strategy, JFL has broadly maintained EBITDA margins over the past two quarters
BUSINESS
Larsen & Toubro: Robust growth across verticals to support higher earnings
L&T results beat expectations, and the strong performance on execution, order inflows as well as margins set the ground for higher earnings visibility
BUSINESS
Sharda Cropchem: Earnings pressure to sustain in near term
Given the earnings concerns in the near term, coupled with close to historical valuations, the stock provides no margin of safety for investors. Hence, we recommend investors to book profits
BUSINESS
Rallis India: Can this agrochemical stock re-rate?
The stock has corrected by 27 percent, in the past three months, hugely underperforming our agrochemical universe. Post the correction, the valuations have turned comfortable. With earnings expected to improve, the stock can re-rate hereon
BUSINESS
Thangamayil Jewellery: Strong start to FY23; growth momentum to sustain
With greenfield and brownfield store expansion, expected increase in farm income on the back of a projected normal rainfall, and the shift towards the organised segment, TMJL expects to sustain robust double-digit growth
BUSINESS
D-Mart: Results flex muscles; better placed in tough times
As indicated by the Q1FY23 performance, we expect D-Mart’s earnings growth trajectory to accelerate in the current fiscal as business conditions have almost normalised
BUSINESS
Titan Company: The Q1 shine just got brighter
Titan, one of the largest organised jewellery players, is seen to be a key beneficiary of hallmarking regulations
BUSINESS
Take note of this QSR scrip, post steep correction
The stock is currently trading at 13.5 times its FY24 EV/EBIDTA estimates. This is at a significant discount to other major QSR players. Current valuations adequately factor near term headwinds in Sri Lankan operations.
BUSINESS
PI Industries: Will it outperform domestic agrochemical players?
PIND expects margins to improve in the current fiscal, led by better product mix, operating leverage and manufacturing process improvement
BUSINESS
Relaxo Footwears: Is it a worthy fit for your portfolio?
With mobility increasing, post the drop in COVID-19 cases and channel partners restocking inventory (as the old GST rate inventory is liquidated), we expect volume growth in FY23.
BUSINESS
Construction sector: Better placed in current market scenario; prefer select stocks
With the revenue visibility over the medium term, and no material affect on the margins, construction space should deliver better earnings performance
BUSINESS
Retail sector: Long term looks sunny despite near-term woes
While there are near term headwinds in the form of subdued demand owing to increased prices, the long term outlook for the retail sector is bright. Market weakness should be used to add quality stocks in the portfolio
BUSINESS
Metro Brands: Stepping on to a high growth curve
Metro Brands has one of the best financial and operating metrices in the footwear industry. Driven by a robust store expansion and enhancement of online channel, the company is on track for a strong earnings growth
BUSINESS
Lemon Tree Hotels: Set to ride the industry upcycle
Corporate demand, which is the key for LMNT, has picked up significantly, with business events and conferences in full swing
BUSINESS
Restaurant Brands Asia: Set to emerge stronger, post COVID-19
We expect RBA to emerge as a much stronger quick service restaurant (QSR) player in the post COVID-19 scenario
BUSINESS
Jubilant FoodWorks: Poised for re-rating
Jubilant is looking for expansion of core Domino's brand with focus on profitability as well. The announcement of new CEO removes key leadership overhang the stock had been facing
BUSINESS
FSN E-Commerce Ventures (Nykaa): What should one do, post the steep correction?
The stock has almost halved since its listing six months ago. However, despite the steep correction, the valuation gap between Nykaa and other prominent retailers is still high, which makes us cautious on the stock
EARNINGS
Page Industries: 'Jockey' on a strong growth trajectory
Page expects a robust 20 percent CAGR over the medium to long run. It is targeting over $1 billion in revenue by FY2026 and is framing strategies to reach a revenue size of $2 billion in the long run.
BUSINESS
Aditya Birla Fashion and Retail: On track for rapid growth
The company would not only scale up its core brands, Lifestyle and Pantaloons, but would also rapidly strengthen new businesses in the ethnic and innerwear space.
BUSINESS
Value innerwear: Worthy bets in challenging times
Both Dollar Industries and Rupa Company are enhancing their distribution reach and tapping fast-growing areas, projecting a healthy double-digit top-line growth
