Robust volume growth subject to macroeconomic stability * GALSURF is one of the leading player...
Softening growth hurts earnings; focus on new format “Intune” * Shoppers Stop (SHO...
Focus on filling the product gaps in the premium segment We visited Hero MotoCorp (HMCL)&rsquo...
In-line performance * Total volumes were in line with est. at 3.7mmscmd (up 8% YoY) * CNG v...
Muted quarter; miss on all fronts * Hitachi Energy’s 3QFY24 result was below our expecta...
In-line earnings aided by NIM expansion and lower tax rate Consol. RoA expands further to ~2....
Lower VIL provision leads to an improvement in EBITDA (in line) * Revenue grew 1% QoQ to INR72...
P&A outperformance continues; beat on margin * Standalone net sales increased 7.5% YoY to ...
Higher ad spending results in a marginal EBITDA miss * Havells (HAVL)’s 3QFY24 revenue g...
Volume growth healthy; EBITDA in line Consolidated performance Consolidated performance ...
Growth uninterrupted; another strong quarter * Cyient DLM (CYIENTDL) reported another strong q...
In-line 3Q; backward integration projects on track Net debt declines * Granules India (GRA...
P&A outperformance sustains * United Spirits (UNSP) registered a 7.5% YoY revenue growth (...
Lower provisions aid earnings; asset quality improves RoA to expand further * Canara Bank ...
Healthy growth in cables and Lloyd; ECD and lighting subdued Strong B2B demand; normalcy expe...
Operationally in line; high other income drives PAT beat Both domestic and export demand seei...
Prices have largely stabilised; focus on new product launches Clean Science’s 3QFY24 ear...
Weak quarter, after a while Century Plyboards’ (Century) 3QFY24 print was weaker than ou...
Bid pipeline robust; expect uptick in order intake HG Infra’s (HG) 3QFY24 adjusted PAT a...
Ripe for a rally Core business revenue (ex-Covid, ex-PPP) grew 12% YoY (1% impact on account o...
Our view Voltamp Transformers’ (VAMP) Q3F2Y4 print was way ahead of expectations on EBIT...
Almost stable spreads and strong asset quality; disbursement growth decelerates as expected Ch...
Volume improvement crucial in FY25 for double-digit growth Marico Ltd. (MRCO) 3QFY24 consolida...
Operating performance below estimates ITC Ltd. (ITC) 3QFY24 operating performance was below es...
Weak FY25 outlook as growth in underlying industries to remain flat - &...
- PIEL reported 3QFY24 net loss of ~INR23.8b (vs. ~INR482m pro...
- Indraprastha Gas’ (IGL) EBITDA came in below our ...
- Marico (MRCO) reported an in-line revenue growth with a marg...
Prices soft in key markets; but volume growth should be better * Dalmia Bharat (DALBHARA)&rsqu...
IB revenue and MTF book drive overall profitability * ICICI Securities (ISEC)’s 4QFY24 r...
Growth outlook steady; RoA to sustain at ~2% Estimate 24% earnings CAGR over FY24-26 * EQU...
Strong show led by surge in orders * Net brokerage income grew 65% YoY to INR6.8b in 4QFY24 an...
Strong margin momentum maintained EBITDA per vehicle scales new high despite surge in EVs ...
Business integration impacts EBITDA * Tata Communications (TCOM) reported 1% growth QoQ in rev...
PAT miss 6% YoY; VNB margin lower than estimates Guides for steady VNB margins * HDFC Life...
The baby food sugar controversy – A concern for Nestle * Nestle’s baby food produc...
Margins maintained despite lower sequential volumes Domestic 2W (industry) volumes to grow 7-...
Modest FY25 guidance to weigh on near-term returns Strong deal wins improve visibility for FY2...
Single digit growth in premium income: HDFC Life Insurance reported net premium income growth of ...
Revenue declined & below our expectations: Infosys reported decline in Q4FY24 constant curren...
Focus on renewable power, ISMT turnaround key monitorable Kirloskar Ferrous reported consol. E...
Macro continues to take a toll Bajaj Electricals’ (BEL) posted another weak set of earni...
Steady quarter; growth uptick awaited LICHF reported a minor beat on PAT (+3% vs JMFe) at INR ...
Our view – Equity fund under-performance seems to be still impacting equity business Ove...
Our view – Relative caution on gold loans not a structural concern Loan growth has slowe...
Soft quarter - growth was strong, margin remained under pressure and credit cost elevates BAF ...
Weak performance on lower EBITDA spreads while overall volumes were in line Our View Indrap...
New launches to expand premium positioning Valuation and View We attended HMCL's Hero W...