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. 

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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>Resilient Core Offsets Agri Drag amid Transitional Headwinds: ITC reported a 3.7% YoY decline in revenue during Q2FY26, largely impacted by a steep 31.2% YoY drop in the Agri business, owing to a high base and weak export demand.</li><li>However, Ex-Agri Business, revenue grew by 7.1% yoy.</li><li>The Cigarette segment delivered healthy 6.7% YoY growth, driven by sustained volume momentum and continued premiumisation. </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>

Resilient Core Offsets Agri Drag amid Transitional Headwinds: ITC reported a 3.7% YoY decline in revenue during Q2FY26, largely impacted by a steep 31.2% YoY drop in the Agri business, owing to a high base and weak export demand.However, Ex-Agri Business, revenue grew by 7.1% yoy.The Cigarette segment delivered healthy 6.7% YoY growth, driven by sustained volume momentum and continued premiumisation. 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.

ITC Ltd - Core Resilience Cushions Agri Weakness; Maintain BUY