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>Missed the topline: Dabur’s Q2FY25 revenue missed expectations, with consolidated sales declining 5.5% YoY due to inventory correction in General Trade.</li><li>The India business degrew by 8% YoY, while the international business registered strong constant currency growth of 13% YoY in Q2FY25.</li><li>Management highlighted that the inventory correction is an exceptional one-time event and has guided for mid-to-high singledigit revenue growth in H2FY25. </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>

Missed the topline: Dabur’s Q2FY25 revenue missed expectations, with consolidated sales declining 5.5% YoY due to inventory correction in General Trade.The India business degrew by 8% YoY, while the international business registered strong constant currency growth of 13% YoY in Q2FY25.Management highlighted that the inventory correction is an exceptional one-time event and has guided for mid-to-high singledigit revenue growth in H2FY25. 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.

Dabur India - Rural Seeing Sustained Signs of Recovery; Maintain BUY

Dabur India Ltd

Dabur India - Rural Seeing Sustained Signs of Recovery; Maintain BUY