External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund 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>Jyothy Labs’ fabric-care portfolio has seen ~14% revenue CAGR over FY20-24 and our checks show that similar momentum should continue over the medium term, as its detergent portfolio, like its ad campaign, is sarva gunn sampann— fully versatile and with enough weapons in its armoury to combat any challenge.</li><li>Our discussions with industry participants suggest that JYL has the following levers and tailwinds in its favour: (1) a comprehensive product portfolio; (2) a shift towards premiumisation; (3) distribution expansion initiatives; (4) scope for margin expansion, as it reaps the benefits of operating leverage, coupled with a pan-India manufacturing footprint (23 plants), given that value-end detergents are highly freight-intensive.</li><li>This report discusses Jyothy Labs’ progress in the fast-growing liquid detergent category.</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>

Jyothy Labs’ fabric-care portfolio has seen ~14% revenue CAGR over FY20-24 and our checks show that similar momentum should continue over the medium term, as its detergent portfolio, like its ad campaign, is sarva gunn sampann— fully versatile and with enough weapons in its armoury to combat any challenge.Our discussions with industry participants suggest that JYL has the following levers and tailwinds in its favour: (1) a comprehensive product portfolio; (2) a shift towards premiumisation; (3) distribution expansion initiatives; (4) scope for margin expansion, as it reaps the benefits of operating leverage, coupled with a pan-India manufacturing footprint (23 plants), given that value-end detergents are highly freight-intensive.This report discusses Jyothy Labs’ progress in the fast-growing liquid detergent category.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.

Jyothy Labs: Disruptive Innovation. Maintain BUY

Jyothy Laboratories

Jyothy Labs: Disruptive Innovation. Maintain BUY