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.

Equity Bottom-Up

<ul><li>The company’s revenue grew 59% YoY (37% on a 4-year CAGR basis) to Rs 2,891 Cr, led by strong LTL growth of 10% (despite a challenging environment), increased footfalls, strong growth across categories and channels, and continued store expansion.</li><li>The company’s EBITDA grew by 72% YoY. Its EBITDA margins expanded by 119bps YoY to 15.9% despite gross margin pressure on account of strong operating leverage benefits.</li><li>However, increasing the share of the low-margin Zudio portfolio resulted in a gross margin decline of 230bps YoY to 44.7%. PAT was at Rs 290 Cr, up 56% YoY.</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>

The company’s revenue grew 59% YoY (37% on a 4-year CAGR basis) to Rs 2,891 Cr, led by strong LTL growth of 10% (despite a challenging environment), increased footfalls, strong growth across categories and channels, and continued store expansion.The company’s EBITDA grew by 72% YoY. Its EBITDA margins expanded by 119bps YoY to 15.9% despite gross margin pressure on account of strong operating leverage benefits.However, increasing the share of the low-margin Zudio portfolio resulted in a gross margin decline of 230bps YoY to 44.7%. PAT was at Rs 290 Cr, up 56% YoY.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.

Trent Ltd - Strong Performance; Rapid Store Expansion Leads Growth