IFB Industries - Margin Pressures Impacts Profitability; Confident of Healthy Demand in Future
IFB Industries (IFB) posted revenue of Rs8.8bn, up 10% YoY. The topline was below our estimate by 19.5%, but above consensus estimate by 3.5%.
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PLI for White Goods: Domestic Companies Left Stranded
AC manufacturers were particularly abuzz when the first thought of PLI came in. However, the recent development of the scheme has left most of the...
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Ashoka Buildcon Ltd- 4QFY21 Result Update- Order inflow and asset monetization key monitorables
We upgrade our rating on IFB Industries to Buy (from Accumulate earlier) with a SOTP-based target price (TP) of Rs1,300 (from Rs1,535 earlier). On...
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Havells India | Takeaways from Distributor and Retailer Visits
As the summer sets in, we visit distributor and retailers of air conditioners in our home town Vadodara, Gujarat where temperatures soar really...
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India: What You May Have Missed in the Industrial Production Numbers? And Why Is that Important?
While the media coverage is more focused on RBI vs. Govt controversy and ongoing assembly elections, the data points on economy are getting much...
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