Honasa Consumer Pre-IPO - The Negatives - Ad Spending Keeping Profits Low
Honasa Consumer (HC) is looking to raise about US$350m in its upcoming India IPO. In this note, we talk about the not-so-positive aspects of the deal.
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Honasa Consumer Pre-IPO - The Positives - New Age DTC Brand
Honasa Consumer, a DTC beauty and personal care brand, is looking to raise about US$350m in its upcoming India IPO. In this note, we will talk...
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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...
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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.
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