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>Diageo's earnings call provides a mixed landscape with regards to its fiscal 2025 results and outlook for fiscal 2026.</li><li>The key areas of focus revolve mainly around dealing with the current market dynamics in the U.S., reinvigorating growth in Europe, and optimizing global brand performance amid a challenging economic environment.</li><li>In the U.S., Diageo worked towards normalizing inventory levels during fiscal 2025, which has been largely achieved.</li></ul>

Diageo's earnings call provides a mixed landscape with regards to its fiscal 2025 results and outlook for fiscal 2026.The key areas of focus revolve mainly around dealing with the current market dynamics in the U.S., reinvigorating growth in Europe, and optimizing global brand performance amid a challenging economic environment.In the U.S., Diageo worked towards normalizing inventory levels during fiscal 2025, which has been largely achieved.

Diageo: How Will Its Power Moves in No- and Low-Alcohol Change the Market?

Podcast by CEO, Norges Bank Investment Management, In Good Company with Nicolai Tangen

In Good Company with Nicolai Tangen

Podcast by CEO, Norges Bank Investment Management

The CEO of the largest single investor in the world, Norges Bank Investment Management, interviews leaders of some of the largest companies in the world. You will get to know the leader, their strategy, leadership principles, and much more. Hosted on Acast. See https://www.acast.com/privacy-policy for more information.

<ul><li>Consumer discretionary wallets for alcoholic beverages are less than 2% and affected by economic pressures</li><li>Gen Z is moderating their alcohol consumption but still engaging in zebra striping behavior</li><li>Socializing dynamics are shifting towards more at-home and third space occasions, leading to the rise of RTDs and diverse formats in the industry</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Consumer discretionary wallets for alcoholic beverages are less than 2% and affected by economic pressuresGen Z is moderating their alcohol consumption but still engaging in zebra striping behaviorSocializing dynamics are shifting towards more at-home and third space occasions, leading to the rise of RTDs and diverse formats in the industryThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Diageo CEO: Shifting Drinking Trends, Brand Innovation, and Cultural Change

<ul><li>Diageo's Fiscal Year 2024 has been marked by a mixture of setbacks and strategic advancements.</li><li>The global alcoholic beverages giant experienced a cumulative decline in organic net sales by 0.6%, primarily due to a significant downturn in the Latin America and Caribbean (LAC) regions.</li><li>Excluding the LAC markets, Diageo saw an organic net sales growth of 1.8%, buoyed by steady performances in Africa, Asia Pacific, and Europe.</li></ul>

Diageo's Fiscal Year 2024 has been marked by a mixture of setbacks and strategic advancements.The global alcoholic beverages giant experienced a cumulative decline in organic net sales by 0.6%, primarily due to a significant downturn in the Latin America and Caribbean (LAC) regions.Excluding the LAC markets, Diageo saw an organic net sales growth of 1.8%, buoyed by steady performances in Africa, Asia Pacific, and Europe.

Diageo plc: How They Are Capitalizing On Premiumization & Pricing Power To Maintain Their Market Position! - Major Drivers

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>HDFC Bank raises fixed deposit rates to 7.35% and 7.40% for specific tenors.</li>
<li>Adani Green Energy starts 250 MW wind project, boosting total capacity to 2,250 MW.</li>
<li>EQT exits RBL Bank with Rs 1,100 crore stake sale; shares drop 3%.</li>
</ul>


HDFC Bank raises fixed deposit rates to 7.35% and 7.40% for specific tenors.
Adani Green Energy starts 250 MW wind project, boosting total capacity to 2,250 MW.
EQT exits RBL Bank with Rs 1,100 crore stake sale; shares drop 3%.


# 34 India Insight: HDFC Raises FD, Adani Green 250 MW Wind Project, EQT Exits RBL

APAC IPOs & Placements, Aequitas Research

Ethan Aw

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Allied Blenders & Distillers / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/allied-blenders-distillers" target="_blank" data-smartkarma-citation="entities:36090:1" rel="noopener">Allied Blenders &amp; Distillers (9844250Z IN)</a> is looking to raise about US$180m in its upcoming India IPO.</li>
<li>ABD is the largest Indian-owned Indian-made foreign liquor (IMFL) company and the third largest IMFL company in India, in terms of annual sales volumes between FY14 and FY22.</li>
<li>In our previous notes, we talked about various aspects of the company. In this note, we talk about its RHP updates and our thoughts on valuation.</li>
</ul>



Allied Blenders &amp; Distillers (9844250Z IN) is looking to raise about US$180m in its upcoming India IPO.
ABD is the largest Indian-owned Indian-made foreign liquor (IMFL) company and the third largest IMFL company in India, in terms of annual sales volumes between FY14 and FY22.
In our previous notes, we talked about various aspects of the company. In this note, we talk about its RHP updates and our thoughts on valuation.


Allied Blenders and Distillers - RHP Updates & Thoughts on Valuation

United Kingdom

Diageo plc produces, distills, and markets alcoholic beverages. The Company offers a wide range of branded beverages, including vodkas, whiskeys, tequilas, gins, and beer.

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Diageo (DEO US)

Diageo: How Will Its Power Moves in No- and Low-Alcohol Change the Market?

Diageo's earnings call provides a mixed landscape with regards to its fiscal 2025 results and outlook for fiscal 2026. The key areas of focus...

Baptista Research

Diageo CEO: Shifting Drinking Trends, Brand Innovation, and Cultural Change

The consumer discretionary industry, facing challenges due to economic pressures and inflation, is resilient and expected to rebound, with Gen Z...

In Good Company with Nicolai Tangen

Diageo plc: How They Are Capitalizing On Premiumization & Pricing Power To Maintain Their Market Position! - Major Drivers

Diageo's Fiscal Year 2024 has been marked by a mixture of setbacks and strategic advancements. The global alcoholic beverages giant experienced a...

Baptista Research

# 34 India Insight: HDFC Raises FD, Adani Green 250 MW Wind Project, EQT Exits RBL

HDFC Bank raises fixed deposit rates, Adani Green Energy expands wind project capacity, EQT exits RBL Bank causing share drop.

Sudarshan Bhandari

Allied Blenders and Distillers - RHP Updates & Thoughts on Valuation

Allied Blenders & Distillers (9844250Z IN) is looking to raise about US$180m in its upcoming India IPO. In this note, we talk about its RHP updates...

Ethan Aw

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Diageo: How Will Its Power Moves in No- and Low-Alcohol Change the Market?

Diageo's earnings call provides a mixed landscape with regards to its fiscal 2025 results and outlook for fiscal 2026. The key areas of focus...

Baptista Research

Diageo CEO: Shifting Drinking Trends, Brand Innovation, and Cultural Change

The consumer discretionary industry, facing challenges due to economic pressures and inflation, is resilient and expected to rebound, with Gen Z...

In Good Company with Nicolai Tangen

Diageo plc: How They Are Capitalizing On Premiumization & Pricing Power To Maintain Their Market Position! - Major Drivers

Diageo's Fiscal Year 2024 has been marked by a mixture of setbacks and strategic advancements. The global alcoholic beverages giant experienced a...

Baptista Research

# 34 India Insight: HDFC Raises FD, Adani Green 250 MW Wind Project, EQT Exits RBL

​HDFC Bank raises fixed deposit rates, Adani Green Energy expands wind project capacity, EQT exits RBL Bank causing share drop.

Sudarshan Bhandari

Allied Blenders and Distillers - RHP Updates & Thoughts on Valuation

Allied Blenders & Distillers (9844250Z IN) is looking to raise about US$180m in its upcoming India IPO. In this note, we talk about its RHP updates...

Ethan Aw

HDFC Bank raises fixed deposit rates, Adani Green Energy expands wind project capacity, EQT exits RBL Bank causing share drop.