HSIE Results Daily: Tata Motors, Britannia Industries, Dabur, Hero Motocorp
Tata Motors: JLR Q2 margins declined 140bps QoQ to 14.9% due to adverse mix, higher VME + FME and this was despite higher capitalization rate
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Hero MotoCorp - Inline EBITDA Margins; Recovery in Market Share Remains Critical
Market share gain through new launches, recovery in rural demand, and the performance of the EV portfolio remain critical for valuation rerating.
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Autos (Q2FY24 Results Preview) - 4Ws to See Margin Boost QoQ
In PVs, while UV demand has held up extremely well, car demand has further decelerated, driving a rich mix for most OEMs. CV demand momentum...
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Auto Q2FY24 Results Preview
Auto OEMs: We expect Revenue/EBITDA/PAT of Auto OEMs under our coverage to grow at 17%/41%/50% YoY in Q2FY24. This will be led by YoY growth in 1)...
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Auto Monthly Volume Sep 2023
Sep’23 Wholesale Volumes: The PV domestic sales were led by higher SUV dispatches while entry-level car sales remained under pressure.
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