HSIE Results Daily: Avenue Supermarts, Tata Motors, DLF
Avenue Supermarts: Revenue grew by 20.1% (four-year CAGR: 19.7%) Sales density remained lower than the pre-pandemic level (~INR31.1k/sq ft in FY23...
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Automotive Industry - Mar’23 Wholesale Dispatches Continue to Grow YoY
The Domestic PV industry sales grew by ~6% YoY (flat MoM) to fulfill the order backlogs, especially in the SUV segment as the production...
476 Views
India Equity Strategy: Commodity pressure easing, margin expansion on the cards
Aggregate revenue/PAT grew by 19%/6% YoY across the HSIE coverage universe (~208 stocks), their three-year CAGR being 15%/15%
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Automotive Industry - CVs, PVs Outperform
The domestic CV wholesale volumes registered positive momentum with 9% YoY growth in Jan’23, which was driven by the pick-up in infrastructure...
359 Views
HSIE Results Daily: Tata Motors, Bajaj Auto, Tata Elxsi, Indraprastha Gas
Tata Motors: Although headline numbers at JLR suggest a margin beat relative to expectations, the beat is led by higher capitalised costs
206 Views