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. 

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.

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>Bata India (BATA) Q2FY23 topline was in line with our estimates with revenue of Rs 830 Cr, registering a growth of 35% YoY.</li><li>The growth was driven by improved consumer sentiments on account of regional campaigns planned for the festive season and higher realizations due to faster sneaker growth.</li><li>Gross Margins improved to 55% (up 209bps YoY), but down 163bps QoQ on account of raw material inflation.</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>

Bata India (BATA) Q2FY23 topline was in line with our estimates with revenue of Rs 830 Cr, registering a growth of 35% YoY.The growth was driven by improved consumer sentiments on account of regional campaigns planned for the festive season and higher realizations due to faster sneaker growth.Gross Margins improved to 55% (up 209bps YoY), but down 163bps QoQ on account of raw material inflation.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.

Bata India - Resilient Performance Amidst Challenging Times; Maintain BUY

Bata India Ltd

Bata India - Resilient Performance Amidst Challenging Times; Maintain BUY