Sai Silk (Kalamandir): Competitive Intensity in Core Markets Rising. Maintain BUY
We recently interacted with SSKL’s management. Key takes were: (1) Competitive intensity in core markets (AP/Telangana) has inched up.
430 Views
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
525 Views
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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Sai Silks (Kalamandir): Remains an H2FY25 and Onwards Story. Maintain BUY
We recently interacted with SSKL’s management to understand where the company is in its recovery journey. Key takes were: (1) Q2 growth is likely...
450 Views
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