V-Mart Ltd - Decent Performance, Lime Road Losses To Reduce; Maintain BUY
This was on account of festive and wedding season-led footfall growth of 25% YoY. EBITDA margins stood at 6%, up 216bps, attributed to a 44% YoY...
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V-Mart Ltd - Seeing Gradual Recovery; Maintain BUY
Revenue grew by 14% YoY, aided by a good festive season, increasing footfalls & positive consumer sentiments. EBITDA margins were 13.5% up by 12 bps.
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V-MART Retail: An Under-Earning Asset or a Melting Ice Cube? Upgrade to BUY
After going through a challenging period marked by (1) an unfavourable rural cycle, (2) deteriorating unit economics, and (3) stumbling in...
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Vishal Mega Mart IPO Trading - Strong Demand Despite Not so Strong Anchor
Vishal Mega Mart (VMM) raised around US$950m in its India IPO. We have looked at the past performance in our earlier notes. In this note, we talk...
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HSIE Results Daily: Titan, ABB India, Mankind Pharma, Dr Reddy’s Laboratories
Consolidated jewellery sales (ex-bullion) grew 27% YoY to INR117.8bn (HSIE: in-line). Gold jewellery demand witnessed a step-up jump post the Jul24...
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