External broker reports(aggregated public sources), Axis Direct

Axis Direct

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.

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>Early Recovery; Premium Push Gaining Pace: Bata India reported ~5% YoY revenue growth in Q4FY26, driven by 5% volume growth, marking the second consecutive quarter of accelerating recovery.</li><li>Premium brands, led by Hush Puppies, contributed 18%-20% of revenue, while the Zero Base Merchandising (ZBM) initiative across 550+ stores continued to enhance store productivity.</li><li>The company has expanded ZBM to over 700 stores and targets 75%-80% network coverage by quarter-end. </li></ul><p><em>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.</em></p>

Early Recovery; Premium Push Gaining Pace: Bata India reported ~5% YoY revenue growth in Q4FY26, driven by 5% volume growth, marking the second consecutive quarter of accelerating recovery.Premium brands, led by Hush Puppies, contributed 18%-20% of revenue, while the Zero Base Merchandising (ZBM) initiative across 550+ stores continued to enhance store productivity.The company has expanded ZBM to over 700 stores and targets 75%-80% network coverage by quarter-end. 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.

Bata India Ltd - Recovery Gains Momentum; Maintain HOLD