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>Voltas’ UCP segment reported robust revenue growth of 43% YoY with RAC volumes growing by 70% (35% in FY24)</li><li>However, segment margins contracted by 80bps YoY to 9.2% on account of (1) heightened competitive intensity, (2) input price escalation, and (3) inability to take price hikes</li><li>While Voltas’s YTD RAC market share was 18.7%, management cited its primary market share to be 20% (2mn units sold out of an industry total of 10mn)</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>

Voltas’ UCP segment reported robust revenue growth of 43% YoY with RAC volumes growing by 70% (35% in FY24)However, segment margins contracted by 80bps YoY to 9.2% on account of (1) heightened competitive intensity, (2) input price escalation, and (3) inability to take price hikesWhile Voltas’s YTD RAC market share was 18.7%, management cited its primary market share to be 20% (2mn units sold out of an industry total of 10mn)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.

Voltas (Q4FY24): To Focus on Driving Volume Growth. Maintain ADD

Voltas Ltd

Voltas (Q4FY24): To Focus on Driving Volume Growth. Maintain ADD