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>Weak Quarter: VIP reported a 25.3% YoY revenue decline in Q2FY26, primarily driven by sluggish demand and a sharp correction in e-commerce secondary sales.</li><li>Rising competition and aggressive discounting further impacted sales.</li><li>Margins Impacted: EBITDA margin declined by 2,578 bps YoY to 26.2%, mainly driven by gross margin contraction of 1,445 bps YoY at 30.6%. </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>

Weak Quarter: VIP reported a 25.3% YoY revenue decline in Q2FY26, primarily driven by sluggish demand and a sharp correction in e-commerce secondary sales.Rising competition and aggressive discounting further impacted sales.Margins Impacted: EBITDA margin declined by 2,578 bps YoY to 26.2%, mainly driven by gross margin contraction of 1,445 bps YoY at 30.6%. 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.

VIP Industries Ltd - Weak Quarter, Near-Term Challenges Drag Profitability

V.I.P. Industries

VIP Industries Ltd - Weak Quarter, Near-Term Challenges Drag Profitability