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>We recently interacted with Senco’s CFO, Mr Sanjay Banka, who expressed continued confidence in achieving 18-20% revenue growth and 12-13% same-store sales growth (SSSG) in FY25, with gross margin (GM) and EBITDA margin (EBITDAM) guidance of 14.5-15% and 7-8%, respectively.</li><li>Additionally, demand in July and August has been healthy, with most SSSG gains expected to come from increased footfall.</li><li>However, the company has revised its store addition target to 18-20 stores for FY25, as rising gold prices could impact the inventory available for the year.</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>

We recently interacted with Senco’s CFO, Mr Sanjay Banka, who expressed continued confidence in achieving 18-20% revenue growth and 12-13% same-store sales growth (SSSG) in FY25, with gross margin (GM) and EBITDA margin (EBITDAM) guidance of 14.5-15% and 7-8%, respectively.Additionally, demand in July and August has been healthy, with most SSSG gains expected to come from increased footfall.However, the company has revised its store addition target to 18-20 stores for FY25, as rising gold prices could impact the inventory available for the year.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.

Senco Gold: Putting Its Best Foot Forward