External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Company reported one of its strongest quarters beating our estimates on all fronts on back of strong replishnishment demand in USA ahead of the festive season.</li><li>Company reproted Revenue of 2509 Cr beating our est of 2240 Cr. The EBITDA came in at 358 Cr much higher than our est of 311 Cr on account of flooring segment clocking 8.3% margins.</li><li>This lead to overall PAT of 200Cr up 23% Q-o-Q beating our est of 159 Cr by 26%. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Company reported one of its strongest quarters beating our estimates on all fronts on back of strong replishnishment demand in USA ahead of the festive season.Company reproted Revenue of 2509 Cr beating our est of 2240 Cr. The EBITDA came in at 358 Cr much higher than our est of 311 Cr on account of flooring segment clocking 8.3% margins.This lead to overall PAT of 200Cr up 23% Q-o-Q beating our est of 159 Cr by 26%. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Welspun Living - Flooring Scales New Heights

<ul><li>We expect the company to do well in the coming quarters as we expect demand to revive with prices moderating and inventory pressure subsiding.</li><li>Therefore, we maintain our BUY rating on this stock with an upside potential of 10% from the CMP.</li><li>Welspun Indiareported a good set of numbers in Q1FY24.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We expect the company to do well in the coming quarters as we expect demand to revive with prices moderating and inventory pressure subsiding.Therefore, we maintain our BUY rating on this stock with an upside potential of 10% from the CMP.Welspun Indiareported a good set of numbers in Q1FY24.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Welspun India - Demand Revival in Exports & Consistent Domestic Performance

<ul><li>Welspun India reported a positive set of numbers in Q4FY23.</li><li>The company reported revenue of Rs 2,156 Cr, in line with our estimates (down 3.3%, YoY, up 15.3% QoQ).</li><li>In Q4FY23, EBITDA margins were at 12.6% vs. 10.2% in Q4FY22 and were supported by improvement in gross margins and moderating operational expenses.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Welspun India reported a positive set of numbers in Q4FY23.The company reported revenue of Rs 2,156 Cr, in line with our estimates (down 3.3%, YoY, up 15.3% QoQ).In Q4FY23, EBITDA margins were at 12.6% vs. 10.2% in Q4FY22 and were supported by improvement in gross margins and moderating operational expenses.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Welspun India - Green Shoots of Hope, Retreating Headwinds

<ul><li>Lower Demand in export market, High inventory levels with large retailers in USA</li><li>Moderating Headwinds from Raw Material Prices and Ocean Freight</li><li>Focus on Domestic Textile Business growth, Total TAM size – 50,000 Cr</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Lower Demand in export market, High inventory levels with large retailers in USAModerating Headwinds from Raw Material Prices and Ocean FreightFocus on Domestic Textile Business growth, Total TAM size – 50,000 CrContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>Welspun India Ltd (WIL) reported weak numbers as the company continues to face severe headwinds on demand front as well infaltionary environment in key markets.</li><li>The numbers were largelt in line with our estimates.</li><li>WILs posted Revenue of Rs 2,113Cr &amp;EBITDA of Rs 129 Cr, down 69% YoY (our estimate:139 Cr), due to lower EBITDA margin of 6.1%(our estimate: 7.3%),down 1,040bps y-o-y.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Welspun India Ltd (WIL) reported weak numbers as the company continues to face severe headwinds on demand front as well infaltionary environment in key markets.The numbers were largelt in line with our estimates.WILs posted Revenue of Rs 2,113Cr &amp;EBITDA of Rs 129 Cr, down 69% YoY (our estimate:139 Cr), due to lower EBITDA margin of 6.1%(our estimate: 7.3%),down 1,040bps y-o-y.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Welspun India Ltd - Exports Struggle, Green Shoots in Domestic Business; Maintain SELL

India

Welspun Living Limited is an Indian textile manufacturing company that specializes in home textile products such as bed linen, terry towels, rugs, and yarn. It is a leading global provider of home textiles, serving as a key supplier to major retailers worldwide and operating under brands like Christy, Spaces, and Welhome. The company, founded in 1985, is headquartered in Mumbai, India.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Welspun Living (WELSPUNL IN)

Welspun Living - Flooring Scales New Heights

Company reported one of its strongest quarters beating our estimates on all fronts on back of strong replishnishment demand in USA ahead of the...

Axis Direct

Welspun India - Demand Revival in Exports & Consistent Domestic Performance

We expect the company to do well in the coming quarters as we expect demand to revive with prices moderating and inventory pressure subsiding.

Axis Direct

Welspun India - Green Shoots of Hope, Retreating Headwinds

In Q4FY23, EBITDA margins were at 12.6% vs. 10.2% in Q4FY22 and were supported by improvement in gross margins and moderating operational expenses.

Axis Direct

Welspun India - Weak Demand Environment

Lower Demand in export market, High inventory levels with large retailers in USA. Moderating Headwinds from Raw Material Prices and Ocean Freight

Axis Direct

Welspun India Ltd - Exports Struggle, Green Shoots in Domestic Business; Maintain SELL

Welspun India Ltd (WIL) reported weak numbers as the company continues to face severe headwinds on demand front as well infaltionary environment in...

Axis Direct

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)