Axis Top Picks - March 2023
Axis Top picks basket delivered a positive return of 0.7%, outperforming the Nifty 50 index which declined by 1.7% over the same period (since 1st...
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ITC Ltd - Firing on All Cylinders; Maintain BUY
Cigarettes volumes grew by ~13-14% vs. our estimates of 9%, led by market share gains from illicit trade, focused market intervention, and new...
289 Views
HSIE Results Daily: ITC, Tata Power, Marico, CDSL, Mahanagar Gas
ITC: ITC delivered another quarter with a beat in earnings. Net revenue and EBITDA clocked 3/22% YoY growth vs the expectation of 5/14%
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ITC Ltd - Positive for Legal Cigarette Players
In Budget 2023, Finance Minister announced an increase of National Calamity Contingent Duty (NCCD) by 16% after a gap of two years.
356 Views
FMCG & Alco Bev (Q3FY23 Results Preview): Unchanged demand trend, some respite in margins
Our FMCG coverage universe is expected to deliver growth of 9/11% on YoY/three-year CAGR in revenue in Q3FY23 (vs 17/10% in Q3FY22 and 8/11% in...
471 Views