Buy Aditya Birla Fashion and Retail: target of Rs 255: Sharekhan

Sharekhan is bullish on Aditya Birla Fashion and Retail has recommended buy rating on the stock with a target price of Rs 255 in its research report dated March 01, 2021.

March 02, 2021 / 04:39 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sharekhan's research report on Aditya Birla Fashion and Retail


Aditya Birla Fashion & Retail Limited (ABFRL) is eyeing a 15% CAGR in revenue growth over FY2020-26, by achieving a steady growth of 11-16% CAGR in the core businesses of Pantaloons and lifestyle brands and a scale-up in new businesses. The company aims to achieve OPM of 11.2% in FY26 from 7.6% in FY20 by improving product mix for lifestyle business, boosting store-level profitability of Pantaloons and making all new ventures profitable through scale-up. ABFRL is focusing on achieving cumulative free cash flow of Rs. 2,000 crore over FY22-26; RoCE of over 35% by FY26.



Outlook


Robust business model, structural growth story of branded apparel market and strengthening of balance sheet makes ABFRL a preferred pick in the discretionary consumption theme. We maintain a Buy with a revised PT of Rs. 255.


For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Mar 2, 2021 04:39 pm

stay updated

Get Daily News on your Browser
Sections