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>Disappointing performance: The company reported disappointing results as demand remained subdued.</li><li>Relaxo’s revenue de-grew by 5% YoY to Rs 679 Cr, missing our estimates of 5.3%.</li><li>Volumes dipped by 10%, primarily impacted by lower footfalls, increased competition from lower-priced unorganized players, and consumer downtrading. </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>

Disappointing performance: The company reported disappointing results as demand remained subdued.Relaxo’s revenue de-grew by 5% YoY to Rs 679 Cr, missing our estimates of 5.3%.Volumes dipped by 10%, primarily impacted by lower footfalls, increased competition from lower-priced unorganized players, and consumer downtrading. 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.

Relaxo Footwears Ltd - Weak Demand & Heightened Competition Dent Performance