External broker reports(aggregated public sources), Emkay Global Financial Services Limited

Emkay

External broker reports(aggregated public sources)

Emkay Global Financial Services Limited

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Devyani International  / Equity Bottom-Up

<ul><li>DIL’s Q2 EBITDA was largely in line with our estimates.</li><li>Among brands, KFC SSG at 13% was better than expected, while PH SSG at 3% was weaker.</li><li>Near-term commentary was cautious, as PH softness was attributed to weak consumer sentiment amid elevated retail inflation.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

DIL’s Q2 EBITDA was largely in line with our estimates.Among brands, KFC SSG at 13% was better than expected, while PH SSG at 3% was weaker.Near-term commentary was cautious, as PH softness was attributed to weak consumer sentiment amid elevated retail inflation.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Devyani International - Cautious Near-Term Commentary, but Medium-Term Outlook Retained

External broker reports(aggregated public sources), Nirmal Bang

Nirmal Bang

A Relationship Beyond Broking

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

Thematic (Sector/Industry)

<ul><li>As of FY20, the Food Services industry in India was valued at Rs4.2tn and grew by 7- 8% over the prior 5 years.</li><li>FY21 was a forgettable year, as the sector was affected by restrictions on operating hours &amp; capacity, which shrunk the industry size by ~76%.</li><li>Around 26% of restaurants in India shut down permanently, with ~33% of the 7.4mn workforce losing their jobs...(continued).</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

As of FY20, the Food Services industry in India was valued at Rs4.2tn and grew by 7- 8% over the prior 5 years.FY21 was a forgettable year, as the sector was affected by restrictions on operating hours &amp; capacity, which shrunk the industry size by ~76%.Around 26% of restaurants in India shut down permanently, with ~33% of the 7.4mn workforce losing their jobs...(continued).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Consumer Sector Update: Restructured Food Services Industry Looking at Good Potential Going Ahead

India

Devyani International Limited distributes groceries and related products. The Company operates franchisee business and chain of quick service restaurants. Devyani International serves customers in India.

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Devyani International (DEVYANI IN)

Devyani International - Cautious Near-Term Commentary, but Medium-Term Outlook Retained

Near-term commentary was cautious, as PH softness was attributed to weak consumer sentiment amid elevated retail inflation.

Emkay

Consumer Sector Update: Restructured Food Services Industry Looking at Good Potential Going Ahead

Consumer Sector Update Expert Meeting Update Restructured Food Services industry looking at good potential going ahead We recently hosted...

Nirmal Bang

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