HSIE Results Daily: Britannia Industries, ABB India, Marico, Bharat Forge, DCB Bank
Britannia Industries: Britannia’s Q4FY23 net revenue grew by 11% YoY vs our expectation of 14%. Volume growth was c.3% (four-year CAGR at 4%)
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FMCG & Alco Bev: Respite in demand and margins pressure
Our FMCG coverage universe is expected to deliver growth of 10/9% on YoY/four-year CAGR in revenue in Q4FY23 (vs 12/8% in Q4FY22 and 8/10% in Q3FY23)
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Britannia Industries - Robust Performance in Challenging Times
BRIT Q3FY23 Results were robust, beating our/ street estimates on margins as lower raw material cost and better cost efficiency led to better-than...
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FMCG & Alco Bev (Q3FY23 Results Preview): Unchanged demand trend, some respite in margins
Our FMCG coverage universe is expected to deliver growth of 9/11% on YoY/three-year CAGR in revenue in Q3FY23 (vs 17/10% in Q3FY22 and 8/11% in...
518 Views
IRCTC OFS - Well Flagged Deal for an Overly Well Priced Stock
Government of India (GoI) aims to raise up to US$360m via selling its 5% stake in Indian Railway Catering and Tourism (IRCTC IN). In this note we...
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