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

<ul><li>Pilgrim’s Pride Corporation reported net revenues of $4.63 billion for the second quarter of 2026, reflecting a slight decline from $4.76 billion in the prior-year period.</li><li>Adjusted EBITDA decreased to $360 million, yielding a margin of 7.8%, down from 14.4% last year.</li><li>This margin contraction was evident across the U.S., Europe, and Mexico segments, with the U.S. adjusted EBITDA margin falling from 17.1% to 8.7%, Europe declining slightly from 8.2% to 7.6%, and Mexico seeing a more pronounced reduction from 16.3% to 3.9%.</li></ul>

Pilgrim’s Pride Corporation reported net revenues of $4.63 billion for the second quarter of 2026, reflecting a slight decline from $4.76 billion in the prior-year period.Adjusted EBITDA decreased to $360 million, yielding a margin of 7.8%, down from 14.4% last year.This margin contraction was evident across the U.S., Europe, and Mexico segments, with the U.S. adjusted EBITDA margin falling from 17.1% to 8.7%, Europe declining slightly from 8.2% to 7.6%, and Mexico seeing a more pronounced reduction from 16.3% to 3.9%.

Pilgrim’s Pride Corporation’s Margin Collapse: Can Chicken Supply Rebalance?

Pilgrim'S Pride

Pilgrim’s Pride Corporation’s Margin Collapse: Can Chicken Supply Rebalance?