Relaxo Footwears Ltd. - Looking for Sustained Signs of Recovery
Gross margins improved by 460 bps YoY to 62% due to a 10% YoY reduction in input costs. PAT fell by 21% YoY to Rs 44 Cr in Q1FY25, impacted by...
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Consumer Discretionary: Muted Demand, Value Plays Remain Outliers
Our discretionary universe is expected to grow by ~11% YoY in Q1FY25. However, a few exceptional names drive up the average
435 Views
Top Sector Ideas - Retail Q4FY24
Consumer demand remain tepid: The discretionary demand remains tepid with a greater impact seen on QSR, while value segment has seen some recovery.
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Relaxo Footwears Ltd. - Gradual Recovery to Continue; Maintain Buy
Subdued Performance: The company’s revenue de-grew by ~2% YoY to Rs 747 Cr, owing to the decline in overall volumes, down 4% YoY.
266 Views
Consumer Discretionary - Soft Quarter, Green Shoots Visible in Value Fashion
Our discretionary universe is expected to grow by ~13.1% YoY in Q4FY24 (ex-jewellery: ~12%). Q4 is likely to be the last quarter contending with a...
227 Views