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
BUSINESS
Goldiam International: Softness ahead, huge growth runway in the long term
While FY23 would be a year of moderate growth, Goldiam takes comfort from higher traction in both online as well as lab-grown diamonds businesses
BUSINESS
Dodla Dairy: Well positioned to outperform industry
Going ahead, the company plans to expand its footprint beyond the traditional stronghold of South India and establish a pan-India footprint
BUSINESS
Barbeque-Nation Hospitality: What should investors do, post the steep fall in the stock?
With FY23 expected to be a normal year, free from COVID-related disruptions, BBQN has started to fast scale up its restaurant network.
BUSINESS
PPL IPO: Play on import substitution of non-urea fertilisers
PPL’s EV/EBITDA multiple of 5.6x is at a significant discount to its closest peer, Coromandel International, and closer to GSFC, which trails PPL in terms of return ratios by a margin.
BUSINESS
Avenue Supermarts: Can the value-for-money retailer deliver value to investors?
As infections subsided and like-for-like sales grew strong, the company saw a good recovery in March 2022. With business conditions normalising, we expect to see D-Mart on a strong growth trend again
BUSINESS
EIH: Lustre dims, but strong outlook
Post the two disruptive years of COVID-19, we expect a strong growth for the hotel industry over the medium term. EIH, with a strong balance sheet and a robust customer base, would be the prime beneficiary of this surge in demand
BUSINESS
Reliance Industries: Operating leverage in digital services lifts Q4FY22
RIL’s retail business posted its best ever quarterly revenues, Jio’s Ebitda margin was at an all-time high and its oil to chemicals segment also performed well
BUSINESS
Devyani International: Will it be among the fastest-growing QSR players?
DIL, the largest franchisee of Yum brands (KFC and Pizza Hut) in India, has a huge runway for growth, given the relative under-penetration of these brands in the Indian market
BUSINESS
Titan Company: Weak performance but shiny outlook
While the demand in the key jewellery segment was muted in Q4FY22, the company has seen strong demand in April 2022. Titan indicated it has ambitious growth plans for the current fiscal
BUSINESS
Trent: Huge runway for growth
Trent, with an overall store count of 435, has a huge potential for growth in the Indian apparel market. The company is fast scaling up its network, with Zudio, the value-fashion segment, leading the expansion
