Leveraged Financials: Emerging Long-Tail Risks in Unsecured Credit
India’s heterogenous unsecured retail credit market (US$160bn, 3-year CAGR at ~23%) has been in the headlines ever since the RBI clamped down on...
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HSIE Results Daily: Titan, Ambuja Cement, Cholamandalam Investment and Finance Company
Ex-bullion sales grew 22% YoY to INR97.5bn (in-line) as both buyers’ growth (+14% YoY) and ticket sizes (+6% YoY) aided growth
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HSIE Results Daily: Asian Paints, Godrej Consumers, Eicher Motors
Asian Paints: Asian Paints’ top line grew 11.3% YoY (four-year CAGR: 15%), marginally short of expectations (var: -1.6%). The decorative business...
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HSIE Results Daily: Asian Paints, Godrej Consumers, Eicher Motors, Aditya Birla Capital
Asian Paints: Asian Paints’ top line grew 11.3% YoY (four-year CAGR: 15%), marginally short of expectations (var: -1.6%). The decorative business...
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HSIE Results Daily: PGCIL, Britannia Industries, Cummins, Aditya Birla Capital
PGCIL: PGCIL’s consolidated asset capitalisation/Capex in Q2FY23 declined 76.6%/32.8% YoY to INR17.9bn/INR17.4bn, on a high YoY base
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