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

Estee Lauder Companies Cl A / Equity Bottom-Up

<ul><li>The Estée Lauder Companies reported its fiscal 2026 third quarter results with a 2% increase in organic sales, driven mainly by strong double-digit growth in fragrance and marked improvement across key geographic regions, including high single-digit growth in Mainland China and double-digit gains in priority emerging markets.</li><li>The Americas showed stabilization with mid-single-digit retail sales growth in the U.S., while the company’s makeup and skin care categories also demonstrated progress, although hair care remained stable and makeup’s rate of decline slowed.</li><li>The company’s strategic priorities, branded as Beauty Reimagined, have led to improved operating leverage, evidenced by a significant operating margin expansion of 360 basis points to 15% for the quarter and a 40% increase in diluted EPS to $0.91.</li></ul>

The Estée Lauder Companies reported its fiscal 2026 third quarter results with a 2% increase in organic sales, driven mainly by strong double-digit growth in fragrance and marked improvement across key geographic regions, including high single-digit growth in Mainland China and double-digit gains in priority emerging markets.The Americas showed stabilization with mid-single-digit retail sales growth in the U.S., while the company’s makeup and skin care categories also demonstrated progress, although hair care remained stable and makeup’s rate of decline slowed.The company’s strategic priorities, branded as Beauty Reimagined, have led to improved operating leverage, evidenced by a significant operating margin expansion of 360 basis points to 15% for the quarter and a 40% increase in diluted EPS to $0.91.

Can The Estée Lauder Companies Sustain Recovery As Geopolitical Pressure Persists?