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...
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Building Materials: Mixed signals across different segments
Tiles exports continue to be strong since Nov 2023 at ~INR 14-15bn monthly run-rate. Laminates export volume was weak (-13% YoY/ flat MoM)
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Building Materials - Mixed Trends Across the Three Segments
In Q4FY23, our coverage universe’s revenue/EBITDA/APAT is expected to decline by 2/8/15% YoY respectively. We estimate tiles majors to report...
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HSIE Results Daily: NTPC, United Spirits, Kajaria Ceramics
While revenue increased 39.3% YoY to INR414bn, adjusted PAT was up by 17.7% YoY to INR44.2bn, 12% above the consensus estimate
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Building Materials: Multiple tailwinds for a cheerful new year!
This report covers 15 major building material companies within the three categories of wood panel, tiles, and plastic pipes
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