External broker reports(aggregated public sources), Axis Direct

Axis Direct

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

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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

Aditya Birla Fashion and Retail Ltd / Equity Bottom-Up

Aditya Birla Fashion and Retail Ltd (ABFRL IN)

<ul><li>Muted Demand continues to weigh on Q4 Performance: ABFRL’s Q4FY24resultswere above our estimates on the operating front.</li><li>Its consolidated revenue stood at Rs 3,407Cr, up by 18.3% YoY (vs our estimates 11%YoY).</li><li>This growth was led by new businesses (ethnic, Reebok, TMRW) and a shift from unorganized to organized segment, despite the muted market, marred by prolonged sluggish consumption in the discretionary space coupled with fewer wedding days. </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>

Muted Demand continues to weigh on Q4 Performance: ABFRL’s Q4FY24resultswere above our estimates on the operating front.Its consolidated revenue stood at Rs 3,407Cr, up by 18.3% YoY (vs our estimates 11%YoY).This growth was led by new businesses (ethnic, Reebok, TMRW) and a shift from unorganized to organized segment, despite the muted market, marred by prolonged sluggish consumption in the discretionary space coupled with fewer wedding days. 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.

Aditya Birla Fashion& Retail Ltd. - Long Road to Recovery; Maintain HOLD