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>Resilient growth amid headwinds: Despite a challenging environment, the company’s consolidated revenue grew by 3% YoY, driven by strong performances in Ethnic (up 7% YoY), TMRW (up 26% YoY), and a 13% YoY increase in Luxury retail.</li><li>Additionally, ABLBL reported double-digit growth across its brands, with Lifestyle growing 12% YoY.</li><li>Gross margins improved by 171bps YoY to 58.2%, while EBITDA stood at Rs 635 Cr, up 14.8% YoY, with EBITDA margins at 14.7%, up 147bps YoY, driven by channel rationalisation, stringent inventory management, and cost control.</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>

Resilient growth amid headwinds: Despite a challenging environment, the company’s consolidated revenue grew by 3% YoY, driven by strong performances in Ethnic (up 7% YoY), TMRW (up 26% YoY), and a 13% YoY increase in Luxury retail.Additionally, ABLBL reported double-digit growth across its brands, with Lifestyle growing 12% YoY.Gross margins improved by 171bps YoY to 58.2%, while EBITDA stood at Rs 635 Cr, up 14.8% YoY, with EBITDA margins at 14.7%, up 147bps YoY, driven by channel rationalisation, stringent inventory management, and cost control.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 - Margins Beat Expectations; Maintain HOLD