External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

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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>TTK Prestige: TTK Prestige (TTKPT) continues to remain impacted by a challenging demand environment (revenue grew by 3% YoY) given (1) a shift in consumer wallet to out-of-home consumption activities; (2) inflationary environment; and (3) heightened competitive intensity leading to higher discounts (more so in entry-level products)</li><li>General trade remains subdued while alternate channels (MT, e-comm and exclusive stores) fared better</li><li>Despite higher sales promotion, TTKPT saw expansion in GM (+220bps); however, lower op-lev led to a 60bps decline in EBITADM to 13.5%</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>

TTK Prestige: TTK Prestige (TTKPT) continues to remain impacted by a challenging demand environment (revenue grew by 3% YoY) given (1) a shift in consumer wallet to out-of-home consumption activities; (2) inflationary environment; and (3) heightened competitive intensity leading to higher discounts (more so in entry-level products)General trade remains subdued while alternate channels (MT, e-comm and exclusive stores) fared betterDespite higher sales promotion, TTKPT saw expansion in GM (+220bps); however, lower op-lev led to a 60bps decline in EBITADM to 13.5%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.

TTK Prestige

TTK Prestige - Demand Pangs