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

<div><ul><li>Financial Performance: Despite multiple Covid-19 lockdowns, ITC reported healthy numbers in FY22 with revenue of Rs 55,697Cr, registering an impressive growth of ~23.5% YoY.</li></ul><ul><li>Operational review: The company’s Cigarette volumes surpassed pre-pandemic levels in H2FY22.</li><li>Key Competitive Strengths: a)Strong footing of the Cigarettes business with resilient demand; b) Diversified FMCG business with focus on the core business while addressing the adjacencies; c) FMCG margins to scale up due to revival in mobility; d)Strong distribution reach</li></ul></div><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>

Financial Performance: Despite multiple Covid-19 lockdowns, ITC reported healthy numbers in FY22 with revenue of Rs 55,697Cr, registering an impressive growth of ~23.5% YoY.Operational review: The company’s Cigarette volumes surpassed pre-pandemic levels in H2FY22.Key Competitive Strengths: a)Strong footing of the Cigarettes business with resilient demand; b) Diversified FMCG business with focus on the core business while addressing the adjacencies; c) FMCG margins to scale up due to revival in mobility; d)Strong distribution reachContent 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.

ITC Ltd

ITC Ltd - Another Robust Year