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>BRIT’s Q2FY23 results were ahead of ours and consensus estimates.</li><li>The company reported consolidated revenue of Rs 4,338 Cr, up 22% YoY (3-year CAGR of 13%), primarily led by a cumulative price growth of ~18% and volume growth of 5%.</li><li>The management states that the company’s market share gains driven by its strong distribution expansion in direct channels coupled with rural distribution contributed to the growth.</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>

BRIT’s Q2FY23 results were ahead of ours and consensus estimates.The company reported consolidated revenue of Rs 4,338 Cr, up 22% YoY (3-year CAGR of 13%), primarily led by a cumulative price growth of ~18% and volume growth of 5%.The management states that the company’s market share gains driven by its strong distribution expansion in direct channels coupled with rural distribution contributed to the growth.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.

Britannia Industries - Strong Set Of Numbers; Beat On Estimates – Upgrade to BUY