Bata Ind - Festive Shift Impacted Growth; Maintain HOLD
The premium portfolio continues to remain strong, which was mainly led by Floatz, followed by Sneakers and Comfit. Hush Puppies’ performance...
542 Views
AMFI Stock Reclassification Preview (Dec 2023): HUGE Outperformance as Active and Passive Meet
We see 43 stocks migrating between different market cap segments in Jan. A lot of stocks will have passive flows from NIFTY, NIFTYJR and global...
635 Views
Bata India - Can Bata Fix Its Volume Problem? Maintain REDUCE
Bata’s premiumisation-volume trade-off strategy proved suboptimal vis-a-vis peers over FY15-23 (lost 10pp+ market share over FY15-23, ~13/16% FY23...
670 Views
Sai Silks Kalamandir IPO - Not Particularly Exciting but Is Relatively Cheap
Sai Silk Kalamandir (SSKL IN) is looking to raise about US$145m in its India IPO. In this note, we look at the company's past performance and talk...
560 Views
Bata India - Subdued Performance; Downgrade to HOLD
Revenue grew by 2% YoY (2% on a 4-Year CAGR) and volume growth of 1-2% impacted owing to weak demand environment and lesser wedding occasions.
271 Views