External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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

<ul><li>Increasing the distribution network leading to customer accessibility along with the focus on digital presence and performance marketing will yield results in the coming quarters.</li><li>Realignment of business along with several tailwinds for the structural story reassures our confidence in the company’s growth prospects</li><li>The company continues to focus on offering a diverse range of products with niche branding across target segments.</li></ul><p><em>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.</em></p>

Increasing the distribution network leading to customer accessibility along with the focus on digital presence and performance marketing will yield results in the coming quarters.Realignment of business along with several tailwinds for the structural story reassures our confidence in the company’s growth prospectsThe company continues to focus on offering a diverse range of products with niche branding across target segments.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.

VIP Industries Ltd - Ready for Take-Off, Positive Outlook

<div><div><div><div><ul><li>VIP Industries is in the business of manufacturing and marketing of luggage bags, backpacks and accessories with market leading position in the organised segment.</li><li>Company’s brands VIP, Skybags, Carlton and Aristocrat command leadership status in the luggage industry.</li><li>Most of these brands have been in the industry for 10-50 years and enjoy strong brand salience. </li></ul></div></div></div></div><p><em>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.</em></p>

VIP Industries is in the business of manufacturing and marketing of luggage bags, backpacks and accessories with market leading position in the organised segment.Company’s brands VIP, Skybags, Carlton and Aristocrat command leadership status in the luggage industry.Most of these brands have been in the industry for 10-50 years and enjoy strong brand salience. 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.

VIP Industries Ltd - Pick of the Week - 09 JAN 2023

<ul><li>VIP Industries (VIP) reported a steady set of numbers for Q2FY23 and reported a slight miss from our estimates. The company reported revenue of Rs 515 Cr,(our estimate: 535 Cr). &amp; reported EBITDA of Rs 72 Cr (our estimate: 77 Cr) and effective EBITDA Margins came in at 14% below our estimate of 14.4%.</li><li>The company reported a PAT of Rs 43 Cr against our estimate of 43 Cr due to lower tax provisioning.</li><li>Post-pandemic, the company is reducing its dependency on China and external manufacturing to have more control over its business. </li></ul><p><em>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.</em></p>

VIP Industries (VIP) reported a steady set of numbers for Q2FY23 and reported a slight miss from our estimates. The company reported revenue of Rs 515 Cr,(our estimate: 535 Cr). &amp; reported EBITDA of Rs 72 Cr (our estimate: 77 Cr) and effective EBITDA Margins came in at 14% below our estimate of 14.4%.The company reported a PAT of Rs 43 Cr against our estimate of 43 Cr due to lower tax provisioning.Post-pandemic, the company is reducing its dependency on China and external manufacturing to have more control over its business. 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.

VIP Industries - Steady Numbers in Seasonally Weak Quarter; Maintain HOLD

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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.

<ul><li>VIP Industries is one of Asia’s leading seller/manufacturer of various type of luggage, backpacks and handbags.</li><li>VIP has a range of leading brands, positioned across the entire price range, catering to value (Aristocrat) mid (VIP, Skybags) and premium (Carlton, Caprese) price points.</li><li>Market leader in the organised luggage space (oligopoly market: 44% share) </li></ul><p><em>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.</em></p>

VIP Industries is one of Asia’s leading seller/manufacturer of various type of luggage, backpacks and handbags.VIP has a range of leading brands, positioned across the entire price range, catering to value (Aristocrat) mid (VIP, Skybags) and premium (Carlton, Caprese) price points.Market leader in the organised luggage space (oligopoly market: 44% share) 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.

VIP Industries - Impressive Sales Growth! Margins to Improve in H2...

Thematic (Sector/Industry)

<ul><li>Q2FY23 marked a cool-off in the key commodity prices including the base metals and the crude oil as against the Q1FY23 period that witnessed elevated commodity prices, which had changed the inflation dynamics significantly.</li><li>To curb the prevailing inflation problem, all central banks including the RBI have adopted a path of aggressive policy tightening.</li><li>The RBI increased the repo rate by 50bps in Sep’22 MPC, marking a total policy rate hike of 190bps to 5.9%.</li></ul><p><em>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.</em></p>

Q2FY23 marked a cool-off in the key commodity prices including the base metals and the crude oil as against the Q1FY23 period that witnessed elevated commodity prices, which had changed the inflation dynamics significantly.To curb the prevailing inflation problem, all central banks including the RBI have adopted a path of aggressive policy tightening.The RBI increased the repo rate by 50bps in Sep’22 MPC, marking a total policy rate hike of 190bps to 5.9%.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.

India

V.I.P Industries Limited manufactures brand name molded luggage, soft luggage and ABS luggage. The Company's products include briefcases, suitcases, handbags, carry bags and vanity cases.  V.I.P. also provides travel related information, tips on destination and special deals on the Internet.

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V.I.P. Industries (VIP IN)

VIP Industries Ltd - Ready for Take-Off, Positive Outlook

Increasing the distribution network leading to customer accessibility along with the focus on digital presence and performance marketing will yield...

Axis Direct

VIP Industries Ltd - Pick of the Week - 09 JAN 2023

VIP Industries is in the business of manufacturing and marketing of luggage bags, backpacks and accessories with market leading position in the...

Axis Direct

VIP Industries - Steady Numbers in Seasonally Weak Quarter; Maintain HOLD

Post-pandemic, the company is reducing its dependency on China and external manufacturing to have more control over its business.

Axis Direct

VIP Industries - Impressive Sales Growth! Margins to Improve in H2...

VIP has a range of leading brands, positioned across the entire price range, catering to value (Aristocrat) mid (VIP, Skybags) and premium...

ICICI Securities Limited

Consolidate Q2FY23 Result Preview

Q2FY23 marked a cool-off in the key commodity prices including the base metals and the crude oil as against the Q1FY23 period that witnessed...

Axis Direct

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