Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Constellation Brands' recent earnings call offers a comprehensive view of the company's current market position and strategic outlook, particularly within its beer segment.</li><li>The call details several crucial elements influencing the company's performance, notably the macroeconomic and demographic factors impacting their primary consumer base.</li><li>One of the key challenges highlighted was the impact of macroeconomic conditions on consumer sentiment, particularly among Hispanic consumers who represent a significant portion of Constellation Brands' market.</li></ul>

Constellation Brands' recent earnings call offers a comprehensive view of the company's current market position and strategic outlook, particularly within its beer segment.The call details several crucial elements influencing the company's performance, notably the macroeconomic and demographic factors impacting their primary consumer base.One of the key challenges highlighted was the impact of macroeconomic conditions on consumer sentiment, particularly among Hispanic consumers who represent a significant portion of Constellation Brands' market.

Constellation Brands’ Multi-Pack Strategy: Can Price Flexibility Capture Every Consumer?

Smartkarma AI, Smartkarma

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Smartkarma AI

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

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<a href="https://smartkarma.com/entities/constellation-brands-inc">Constellation Brands</a>' strength lies in its dominant Beer segment, featuring high-growth, high-margin Mexican import brands like Modelo and Corona, which continue to gain market share in the U.S.</li>
  <li>The company is undergoing a significant strategic transformation in its Wine &amp; Spirits division, divesting lower-end brands to focus on a premium and higher-growth portfolio, which is expected to improve margins but has led to near-term revenue declines.</li>
  <li>Key challenges include softening overall U.S. beer demand, potential impacts from tariffs on Mexican imports, and the significant financial drag from its multi-billion dollar investment in cannabis producer Canopy Growth.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
Constellation Brands' strength lies in its dominant Beer segment, featuring high-growth, high-margin Mexican import brands like Modelo and Corona, which continue to gain market share in the U.S.
  The company is undergoing a significant strategic transformation in its Wine &amp; Spirits division, divesting lower-end brands to focus on a premium and higher-growth portfolio, which is expected to improve margins but has led to near-term revenue declines.
  Key challenges include softening overall U.S. beer demand, potential impacts from tariffs on Mexican imports, and the significant financial drag from its multi-billion dollar investment in cannabis producer Canopy Growth.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Constellation Brands (STZ US) - Sep 2025

Providing investors with a balanced perspective, Massif Capital

Massif Capital Research

Providing investors with a balanced perspective

Massif Capital

Research focused on providing investors with a balanced perspective on the environmental and economic realities of achieving a carbon-neutral economy for businesses within the Energy, Basic Materials and Industrial industries.

The Massif Capital Real Asset Strategy is a global long/short equity strategy built around bottom-up stock picking. We are focused on creating a portfolio of businesses from within the Energy, Basic Materials and Industrial sectors that balance the environmental and economic realities of achieving a carbon-neutral economy.

Thematic (Sector/Industry)

<div><p>This is the first edition of the Real Asset Chartbook.</p><p>This document arose from an internal need at Massif Capital to consolidate and streamline our process of monitoring liquid real asset markets. It remains a work in progress but is extremely useful in its present state. </p></div><div><p>The Chartbook will be released weekly, on Fridays, after the market closes.</p></div>

This is the first edition of the Real Asset Chartbook.This document arose from an internal need at Massif Capital to consolidate and streamline our process of monitoring liquid real asset markets. It remains a work in progress but is extremely useful in its present state. The Chartbook will be released weekly, on Fridays, after the market closes.

<ul><li>Constellation Brands has reported a solid start to the first quarter of the fiscal year 2025, depicting robust performance, particularly in its Beer business which continues to grow and gain market share.</li><li>The company's overall enterprise dollar sales rose by 4.5 percentage points above the broader consumer packaged goods sector, showcasing significant market outperformance driven by sustained strong performances in beer product lines.</li><li>The Beer business at Constellation Brands, in particular, saw high single-digit sales increases with a 57th consecutive quarter of depletion growth.</li></ul>

Constellation Brands has reported a solid start to the first quarter of the fiscal year 2025, depicting robust performance, particularly in its Beer business which continues to grow and gain market share.The company's overall enterprise dollar sales rose by 4.5 percentage points above the broader consumer packaged goods sector, showcasing significant market outperformance driven by sustained strong performances in beer product lines.The Beer business at Constellation Brands, in particular, saw high single-digit sales increases with a 57th consecutive quarter of depletion growth.

Constellation Brands Inc.: Strong Brand Loyalty & Market Position In Beer & Other Major Drivers

<ul><li>Constellation Brands reported strong Q3 results, driven by robust performance in their beer business, achieving over 8% depletion growth for its beer portfolio.</li><li>This performance is a testament to continued strong consumer demand and contributed to the company's 55th consecutive quarter of depletion growth and tenth leading share gains.</li><li>The company also executed $215 million of share repurchases in Q3, maintaining its net leverage ratio at 3.2x, excluding Canopy equity and earnings.</li></ul>

Constellation Brands reported strong Q3 results, driven by robust performance in their beer business, achieving over 8% depletion growth for its beer portfolio.This performance is a testament to continued strong consumer demand and contributed to the company's 55th consecutive quarter of depletion growth and tenth leading share gains.The company also executed $215 million of share repurchases in Q3, maintaining its net leverage ratio at 3.2x, excluding Canopy equity and earnings.

Constellation Brands: What Is Its Portfolio Transformation Strategy in Wine and Spirits? - Major Drivers

United States

Constellation Brands, Inc. produces and markets alcoholic beverages in North America, Europe, and Australia, and New Zealand. The Company has a portfolio of brands across the wine, imported beer, and distilled spirits categories. Constellation conducts its business through wholly owned subsidiaries as well as through a variety of joint ventures with various other entities.

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Constellation Brands (STZ US)

Constellation Brands’ Multi-Pack Strategy: Can Price Flexibility Capture Every Consumer?

Constellation Brands' recent earnings call offers a comprehensive view of the company's current market position and strategic outlook,...

Baptista Research

Primer: Constellation Brands (STZ US) - Sep 2025

Constellation Brands' strength lies in its dominant Beer segment, featuring high-growth, high-margin Mexican import brands like Modelo and...

αSK

Real Asset Chartbook: The First Edition

This is the first edition of the Real Asset Chartbook. This document arose from an internal need at Massif Capital to consolidate and streamline...

Massif Capital Research

Constellation Brands Inc.: Strong Brand Loyalty & Market Position In Beer & Other Major Drivers

Constellation Brands has reported a solid start to the first quarter of the fiscal year 2025, depicting robust performance, particularly in its...

Baptista Research

Constellation Brands: What Is Its Portfolio Transformation Strategy in Wine and Spirits? - Major Drivers

Constellation Brands reported strong Q3 results, driven by robust performance in their beer business, achieving over 8% depletion growth for its...

Baptista Research

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