BUSINESS
Lemon Tree Hotels: Well set to ride the industry boom
LMNT has industry-leading growth plans to tap the hotel upcycle which is expected to last over the next few years
BUSINESS
Trent: Robust results; huge growth runway
Trent is on a path of rapid network expansion. With Westside and Zudio present in only 87 and 130 cities, respectively, there is a huge growth potential
BUSINESS
Honasa Consumers: Impressive Q2, but sustainability key to re-rating
While the company has shown impressive revenue growth in the last two years and in H1FY24, we think after reaching a high base of Rs 960 crore in the first half, it would be difficult to grow at the same pace.
BUSINESS
Thangamyil Jewellery: Set to ride a strong second half
Apart from strong growth, we expect margin improvement for TMJL owing to a better product mix as well as operating leverage.
BUSINESS
Flair Writing Industries Ltd IPO: Will it pen its success story at the bourses?
There is scope for a healthy growth, thanks to the company’s premiumisation in the largest pen segment and the expansion of addressable market
BUSINESS
SAMHI Hotels: Weak Q2 FY24 results; turnaround likely in H2
With a steep reduction in debt and margin improvement owing to the reduction in ESOPs, non-recurrence of one-time costs and minimal capex, SAMHI’s balance sheet would strengthen further
BUSINESS
Devyani International: Q2FY24 results miss estimates; expect near-term demand headwinds
SSSG is expected to remain muted in H2FY24 as well. DIL is hoping for a rebound in consumer spending in the next few quarters.
BUSINESS
EIH Ltd: Best-ever Q2 results; unveils industry leading capacity expansion plans
EIH has unveiled an industry leading capacity expansion programme, with plans to more than double the room inventory by FY30
BUSINESS
Titan Company: Strong Q2 FY24; shining show to go on
Aggressive network expansion and regulatory tailwinds would continue to bring in market share gains for the company
BUSINESS
PNC Infratech: Q2 result misses estimates; outlook moderating in near term
PNC has trimmed its order inflow guidance and has also lowered its FY24 revenue growth guidance to 10-15 percent from the earlier 15 percent.
BUSINESS
Larsen & Toubro: Improving fundamentals, strong earnings visibility to support the stock
Orders in hand have jumped, execution has been robust, and domestic capex cycle continues to grow
BUSINESS
Indian Hotels Company: Well positioned to ride the industry upcycle
Domestic demand continues to remain buoyant and IHCL is confident of a double-digit Rev Par growth in FY24.
BUSINESS
Mamaearth IPO: Are you paying the right price to look good?
Honasa is trading at a valuation in line with its peers in similar businesses notching up significantly higher margins
BUSINESS
Cello World: Should you invest in this consumer-ware IPO?
Track record of strong growth via scaling up of new businesses and product categories
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
