BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.Nirmal Bang ReportQ2 is seasonally the weakest quarter for the retail industry and this year the weakness is accentuated as all festivals fall in Q3. Bata India Ltd. and V-Mart Retail Ltd. the two retail companies under coverage - will show modest growth and likely not hit volumes achieved in Q2 FY20 – more so V-Mart.The pre-announced revenue growth (YoY) for V-Mart in Q2 FY24 – which was 3% below our expectation – was driven by retail area expansion while like-to-like was down in mid-single digits. For Bata, we expect average selling price expansion to drive the estimated 5% YoY revenue growth. The muted growth is also a function of pent-up demand in the base quarter.The Ebitda margin will see bigger cut for V-Mart due to investment in LimeRoad and lower gross margin as the company is trying to keep inventory fresh by liquidating old high-cost inventory through an extended End of Season Sale. Bata will see YoY margin expansion due to higher sales of premium footwear, reduced EoSS impact and efforts to streamline supply chain costs.Click on the attachment to read the full report:Sobha - Presales Run Rate Reset: HDFC SecuritiesDISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.Users have no license to copy, modify, or distribute the content without permission of the Original Owner.