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>Sonoco Products Company reported strong financial performance in the third quarter of 2025 with notable growth driven partly by acquisitions and favorable pricing actions, although the company also faced several operational and market challenges.</li><li>Net sales increased by 57% year-over-year to $2.1 billion, primarily fueled by the acquisition of Metal Packaging Europe, Middle East, and Africa (EMEA), strong pricing discipline across segments, and favorable foreign exchange rates.</li><li>Adjusted EBITDA rose by 37% to $386 million, which translated to an expanded adjusted EBITDA margin of 18.1%, driven largely by improvements in the Industrial Paper Packaging business and enhanced productivity.</li></ul>

Sonoco Products Company reported strong financial performance in the third quarter of 2025 with notable growth driven partly by acquisitions and favorable pricing actions, although the company also faced several operational and market challenges.Net sales increased by 57% year-over-year to $2.1 billion, primarily fueled by the acquisition of Metal Packaging Europe, Middle East, and Africa (EMEA), strong pricing discipline across segments, and favorable foreign exchange rates.Adjusted EBITDA rose by 37% to $386 million, which translated to an expanded adjusted EBITDA margin of 18.1%, driven largely by improvements in the Industrial Paper Packaging business and enhanced productivity.

ソノコ製品：21億ドルの四半期売上高は、拡大する生産量制約を覆い隠している！