Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

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<li>Birkenstock Holding plc reported fiscal second quarter 2026 results demonstrating resilience amid a challenging macroeconomic environment characterized by geopolitical conflicts, inflationary pressures, tariff uncertainties, and currency headwinds.</li>
<li>The company achieved reported revenues of EUR 618 million, up 8% year-over-year, with constant currency growth reaching 14%, aligning with the management’s annual guidance of 13% to 15%.</li>
<li>Growth was broad-based across all geographic segments, with Americas up 14% in constant currency driven by strong B2B expansion and digital sales; EMEA growing 11% despite an estimated 300 basis point drag due to Middle East disruptions and muted consumer sentiment linked to inflation and energy costs; and APAC delivering the strongest performance with a 30% constant currency increase.</li>
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Birkenstock Holding plc reported fiscal second quarter 2026 results demonstrating resilience amid a challenging macroeconomic environment characterized by geopolitical conflicts, inflationary pressures, tariff uncertainties, and currency headwinds.
The company achieved reported revenues of EUR 618 million, up 8% year-over-year, with constant currency growth reaching 14%, aligning with the management’s annual guidance of 13% to 15%.
Growth was broad-based across all geographic segments, with Americas up 14% in constant currency driven by strong B2B expansion and digital sales; EMEA growing 11% despite an estimated 300 basis point drag due to Middle East disruptions and muted consumer sentiment linked to inflation and energy costs; and APAC delivering the strongest performance with a 30% constant currency increase.


Birkenstock’s Brand Powerhouse Moment Meets A 350-Basis-Point FX Drag!