Consumer Discretionary (Q4FY25 Results Preview): Q4FY25–a mixed bag
Our discretionary universe’s performance continues to be a mixed bag. Our coverage is expected to grow by ~16% YoY in Q4FY25, driven by a few outliers
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HSIE Results Daily: Titan, ABB India, Mankind Pharma, Dr Reddy’s Laboratories
Consolidated jewellery sales (ex-bullion) grew 27% YoY to INR117.8bn (HSIE: in-line). Gold jewellery demand witnessed a step-up jump post the Jul24...
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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
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HSIE Results Daily: Century Plyboards India, JK Lakshmi Cement, Sai Silk (Kalamandir)
Century Plyboards India: We maintain our ADD rating on Century Ply with a lower target price of INR 670/sh (35x its Mar’26E consolidated EPS)
391 Views
HSIE Results Daily: Hero Motocorp, Bandhan Bank, Aarti Industries
Hero Motocorp: Hero MotoCorp’s Q3 margin, at 14%, was down 10bps QoQ despite the 3% QoQ volume growth and improved mix, due to higher promotional...
472 Views