Near-term consumption story is intact; ‘Buy’ retained with target price revised to Rs 1,310 from Rs 1,250.
Concerns on market share, profitability are likely to be addressed; target price cut to Rs 1,160; ‘Buy’ retained
FY23/24 EPS down 13.4/16.6% due to input cost pressure and US pricing woes; target price cut to Rs 655; Buy…
Traction in specialty sales was maintained; FY23/24e EPS down 3.3/3.5%; ‘Buy’ retained with revised target price of Rs 1,040
3.7/5.9% cut in FY23/24e EPS; target price down to Rs 4,950; ‘Buy’ retained as long-term outlook is intact
Loan growth was strong in Q4, NPAs improved q-o-q; ‘Buy’ retained with revised target price of Rs 600
As high RM cost weighed on margin: Gross margin contracted by 130 bp yoy, though prudent cost management led to…
Jewellery saw good growth; Q4 a blip as structural story is intact; ‘Buy’ retained with target price cut to Rs…
FY23/24 EPS cut by 1/4.9% due to rise in cost/income ratio; target price up to Rs 1,055 owing to rollover
RM costs a headwind in near-term; market share outlook buoyant; FY22e EPS down 7%; ‘Buy’ rating retained with TP of…
Success will hinge on a few critical factors; could boost FY24/25e EPS by 2-4%; ‘Buy’ rating retained with unchanged TP…
It would also establish value for residual biz; Buy retained despite near-term concerns
Capital structure rejig to continue, unlocking value; TP up to Rs 1,250; ‘Buy’ maintained
In the near term, spot LNG shipments could come down as LNG prices are at historically high levels.
Gross margin contracted by -205bps due to high input costs, but EBITDA margin was up by 51bps to 23.2% on…
TP up to Rs 150 on improved earnings, new business valuation; downgraded to ‘Reduce’.
Q4CY21 domestic sales growth was resilient; firm’s strategy delivering steady performance; ‘Buy’ rating retained with TP of Rs 20,300
Moderation from highs is imminent but long-term outlook intact; FY22e EPS up 13.5%; TP cut to Rs 5,300
