QSR (Q2FY24 Results Preview): Weakness in demand,margins to persist
Demand normalisation and deteriorating consumer sentiment caused SSSG to turn from flat to negative. We expect a further slowdown in growth metrics...
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HSIE Results Daily: Cummins, Devyani International, Radico Khaitan
Cummins: Cummins India Ltd (CIL) recorded the highest-ever revenue of INR 22b (+31%/+15% YoY/QoQ, in line with our estimate)
292 Views
HSIE Results Daily: Astral, Oberoi Realty, Jubilant FoodWorks, Devyani International
Astral: We maintain REDUCE on Astral, as we believe its valuation is expensive, and we revise the target price to INR 1,480/sh (30x its Mar-25E...
479 Views
HSIE Results Daily: Astral, Oberoi Realty, Jubilant FoodWorks
Astral: We maintain REDUCE on Astral, as we believe its valuation is expensive, and we revise the target price to INR 1,480/sh (30x its Mar-25E...
513 Views
QSR: Pressure on demand and margin
Expect pressure on ADS, store addition pace to continue: Our QSR universe is expected to see growth weakness as discretionary demand is decelerating
314 Views