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 30% YoY (21% on a 3-Year CAGR) while SSSG grew 10% YoY as it undertook price reduction to drive footfall.</li><li>Its gross margins stood at 31.9% (down 300bps YoY) owing to price cuts to attract value customers and a negative mix.</li><li>EBITDA margins stood at 3.9% (down 711bps YoY) owing to higher operating expenses related to Lime Road and increased marketing spends in online business.</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 30% YoY (21% on a 3-Year CAGR) while SSSG grew 10% YoY as it undertook price reduction to drive footfall.Its gross margins stood at 31.9% (down 300bps YoY) owing to price cuts to attract value customers and a negative mix.EBITDA margins stood at 3.9% (down 711bps YoY) owing to higher operating expenses related to Lime Road and increased marketing spends in online business.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.

V-Mart Ltd - Demand To Recover Gradually; Maintain BUY

V-Mart Retail

V-Mart Ltd - Demand To Recover Gradually; Maintain BUY