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.

Thematic (Sector/Industry)

India Consumer discretionary / Thematic (Sector/Industry)

<ul><li>Auto OEMs: We expect Revenue/EBITDA/PAT for our OEM coverage universe to register strong YoY growth of ~31%/~35%/~15%, driven by strong demand momentum, the ongoing premiumisation trend, improving consumer affordability, and supportive regulatory measures.</li><li>Revenue growth is expected to be led by double-digit industry growth across the 2W, PV, and CV segments, along with highteen volume growth in the tractor industry.</li><li>EBITDA margin expansion on a YoY basis is likely to be supported by a richer product mix (led by a higher export contribution) and calibrated price hikes undertaken by OEMs, partly offset by higher raw material costs and supply chain disruptions arising from geopolitical tensions. </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>

Auto OEMs: We expect Revenue/EBITDA/PAT for our OEM coverage universe to register strong YoY growth of ~31%/~35%/~15%, driven by strong demand momentum, the ongoing premiumisation trend, improving consumer affordability, and supportive regulatory measures.Revenue growth is expected to be led by double-digit industry growth across the 2W, PV, and CV segments, along with highteen volume growth in the tractor industry.EBITDA margin expansion on a YoY basis is likely to be supported by a richer product mix (led by a higher export contribution) and calibrated price hikes undertaken by OEMs, partly offset by higher raw material costs and supply chain disruptions arising from geopolitical tensions. 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.

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