External broker reports(aggregated public sources), Axis Direct

Axis Direct

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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

<ul><li>We expect Britannia to deliver market-leading growth from here on for several reasons: 1) Rural recovery continues to remain a focus area for Britannia, leveraging which it is building strong rural distribution and gaining market share in focused states.</li><li>Moreover, rural revival is anticipated in the coming quarters, supported by better monsoon and higher government spending, 2) Britannia’s robust portfolio planning through new product development (NPD) in core and adjacent categories, along with its focus on increasing direct reach, rural penetration, RTM 2.0, and a higher share of in-house manufacturing, will enhance overall efficiency.</li><li>3) The management expects raw material prices, though currently firm (wheat and sugar), to experience ~3% inflation, which is manageable. </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>

We expect Britannia to deliver market-leading growth from here on for several reasons: 1) Rural recovery continues to remain a focus area for Britannia, leveraging which it is building strong rural distribution and gaining market share in focused states.Moreover, rural revival is anticipated in the coming quarters, supported by better monsoon and higher government spending, 2) Britannia’s robust portfolio planning through new product development (NPD) in core and adjacent categories, along with its focus on increasing direct reach, rural penetration, RTM 2.0, and a higher share of in-house manufacturing, will enhance overall efficiency.3) The management expects raw material prices, though currently firm (wheat and sugar), to experience ~3% inflation, which is manageable. 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.

Britannia Industries Ltd - Operating Profits Miss Estimates, Rural Revival Seen