HSIE Results Daily: ITC, State Bank of India, Berger Paints, Tata Elxsi
ITC: ITC’s Q4 print was largely in-line with Revenue/EBITDA/APAT growing by 7/19/20% vs the expectation of 8/17/17%. Cigarette revenue/EBIT growth...
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V-Mart Ltd - Demand To Recover Gradually; Maintain BUY
The company’s revenue grew 30% YoY (21% on a 3-Year CAGR) while SSSG grew 10% YoY as it undertook price reduction to drive footfall.
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Pick of the Week:15 May 2023 - V-Mart Retail Ltd
Higher inflation and increase in prices of essential goods have been impacting overall consumption in rural and smaller towns.
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Consumer Discretionary - Discretionary Peak Most Certainly Behind Us
Demand peak in discretionary categories seems to be behind us: Our discretionary universe is expected to grow by ~19% YoY (revenue) in Q4FY23 (four...
410 Views
V-Mart Ltd -Remain Cautiously Optimistic; Maintain BUY
Gross margins stood at 35.4% (down 160bps YoY) owing to weak winter sales (higher inventory) and price cuts to attract value customers despite...
222 Views