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.

Thematic (Sector/Industry)

India Consumer discretionary / Thematic (Sector/Industry)

<ul><li>Premium vs. Value: While, the premium segment remains strong, the Value segment is starting to show signs of recovery as overall inflation declines.</li><li>The value players (Relaxo) under our coverage have shown sustained signs of recovery in the rural space. Going forward, volume growth is expected to pick up in rural regions.</li><li>H2FY24 to be better, albeit with a caveat: A strong festive and wedding season combined with a rural recovery led by higher government spending and increased remittances from urban areas will determine future growth momentum in the rural region. </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>

Premium vs. Value: While, the premium segment remains strong, the Value segment is starting to show signs of recovery as overall inflation declines.The value players (Relaxo) under our coverage have shown sustained signs of recovery in the rural space. Going forward, volume growth is expected to pick up in rural regions.H2FY24 to be better, albeit with a caveat: A strong festive and wedding season combined with a rural recovery led by higher government spending and increased remittances from urban areas will determine future growth momentum in the rural region. 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.

Retail Sector: Q1FY24 Review