External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

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External broker reports(aggregated public sources)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

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>Motilal Oswal's research report onCeat CEAT’s 4QFY24 results disappointed despite healthy volume growth in the replacement and exports segments.</li><li>Margins were hit by higher ad spending and extended producer responsibility (EPR)-related provisions.</li><li>Management has provided high single-digit volume growth guidance for FY25. We cut our FY25E/FY26E EPS by 14%/8% to factor in higher RM and EPR costs.</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>

Motilal Oswal's research report onCeat CEAT’s 4QFY24 results disappointed despite healthy volume growth in the replacement and exports segments.Margins were hit by higher ad spending and extended producer responsibility (EPR)-related provisions.Management has provided high single-digit volume growth guidance for FY25. We cut our FY25E/FY26E EPS by 14%/8% to factor in higher RM and EPR costs.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.

Ceat -Earnings Below Estimate Due to EPR-Led Provisioning

Ceat Ltd

Ceat -Earnings Below Estimate Due to EPR-Led Provisioning