HSIE Results Daily: ONGC, Eicher Motors, Trent, Berger Paints, BSE
We maintain our ADD rating on ONGC with a target price of INR 208, based on oil and gas production growth at 6/9% CAGR over FY24-26E, attractive...
283 Views
Bata Ind - Festive Shift Impacted Growth; Maintain HOLD
The premium portfolio continues to remain strong, which was mainly led by Floatz, followed by Sneakers and Comfit. Hush Puppies’ performance...
428 Views
Bata India - Can Bata Fix Its Volume Problem? Maintain REDUCE
Bata’s premiumisation-volume trade-off strategy proved suboptimal vis-a-vis peers over FY15-23 (lost 10pp+ market share over FY15-23, ~13/16% FY23...
521 Views
HSIE Results Daily: Berger Paints, Infoedge, Astral, Fsn E-Commerce Ventures (Nykaa)
Berger Paints: BRGR grew 9.8% growth YoY to INR30.3bn (broadly in-line HSIE: INR30bn). Decorative business grew 11.4% (~14% volume growth)
179 Views
Bata India - Subdued Performance; Downgrade to HOLD
Revenue grew by 2% YoY (2% on a 4-Year CAGR) and volume growth of 1-2% impacted owing to weak demand environment and lesser wedding occasions.
151 Views