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 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

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 and 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

<ul><li>Diageo had experienced a challenging first half to the fiscal year of 2024.</li><li>The company's organic net sales declined by 0.6% due to an uneven consumer environment and inventory challenges in Latin American and Caribbean markets.</li><li>Nonetheless, following a strong performance in Europe, Asia Pacific and Africa (excluding LAC), organic net sales grew 2.5%.</li></ul>

Diageo had experienced a challenging first half to the fiscal year of 2024.The company's organic net sales declined by 0.6% due to an uneven consumer environment and inventory challenges in Latin American and Caribbean markets.Nonetheless, following a strong performance in Europe, Asia Pacific and Africa (excluding LAC), organic net sales grew 2.5%.

Diageo plc: Will Its Investments in Technology & Data Analytics Pay Off? - Major Drivers

<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 this note, we provide a summary of its refiling updates, undertake a quick peer comparison and share our initial 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 this note, we provide a summary of its refiling updates, undertake a quick peer comparison and share our initial thoughts on valuation.


Allied Blenders and Distillers Pre-IPO - Refiling Updates and Initial Thoughts on Valuation

<ul><li>Diageo delivered an operating profit and organic top-line growth above the medium-term guidance of the company.</li><li>Despite the challenging economic environment, organic net sales grew.</li><li>The Super Premium Plus brands of Diageo grew organic net sales.</li></ul>

Diageo delivered an operating profit and organic top-line growth above the medium-term guidance of the company.Despite the challenging economic environment, organic net sales grew.The Super Premium Plus brands of Diageo grew organic net sales.

United Kingdom

Diageo is a British multinational alcoholic beverage company that produces, distributes, and markets a diverse portfolio of spirits, beer, and wine. Key brands include Johnnie Walker, Guinness, Smirnoff, Tanqueray, Baileys, Captain Morgan, Don Julio, and Casamigos. The company is headquartered in London, England, and was formed in 1997 through the merger of Guinness plc and Grand Metropolitan plc.

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Diageo (DEO US)

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

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

Diageo plc: Will Its Investments in Technology & Data Analytics Pay Off? - Major Drivers

Diageo had experienced a challenging first half to the fiscal year of 2024. The company's organic net sales declined by 0.6% due to an uneven...

Baptista Research

Allied Blenders and Distillers Pre-IPO - Refiling Updates and Initial Thoughts on Valuation

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

Ethan Aw

Diageo PLC: Major Drivers

Diageo delivered an operating profit and organic top-line growth above the medium-term guidance of the company. Despite the challenging economic...

Baptista Research

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