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

<ul><li>Weak Performance: Nestle posted lackluster results for Q2FY25, with revenue growing by 1.3% YoY (compared to estimates of 6%), primarily due to subdued domestic demand, as volumes de-grew by 3% YoY.</li><li>On a positive note, 5 out of 12 brands achieved double-digit growth, with the beverage portfolio showing strong high double-digit gains driven by increased penetration and premiumization. </li><li>Margins pressure: The company continues to face significant cost challenges, with prices for coffee and cocoa remaining elevated, while cereals and grains experienced initial cost pressures. However, costs for milk and packaging have remained stable.</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>

Weak Performance: Nestle posted lackluster results for Q2FY25, with revenue growing by 1.3% YoY (compared to estimates of 6%), primarily due to subdued domestic demand, as volumes de-grew by 3% YoY.On a positive note, 5 out of 12 brands achieved double-digit growth, with the beverage portfolio showing strong high double-digit gains driven by increased penetration and premiumization. Margins pressure: The company continues to face significant cost challenges, with prices for coffee and cocoa remaining elevated, while cereals and grains experienced initial cost pressures. However, costs for milk and packaging have remained stable.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.

Nestle India Ltd. - Short-Term Turbulence Continues, Long-Term Outlook Remains Intact