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 Report
We expect Bata India Ltd. to post 270% YoY revenue growth in Q1 FY23 on the back of a low base, removal of restrictions on store operations and business returning to normalcy with the rising ‘return to office' trend, increase in social gatherings (festivals, weddings) and opening up of schools and colleges. Product range focus remains on casualisation as Bata is broadening the availability of its sneaker portfolio in more stores and there seems to be significant consumer traction.
We expect V-Mart Retail Ltd.'s Q1 FY23 revenue to grow by 320% YoY on the back of a low base, improving agri/rural performance in its core markets, normalisation of mobility, lifting of restrictions on social events and consumers' need for a fresh wardrobe. Growth will hinge on strong retail area expansion, aided by acquisition of ‘Unlimited' (which was not in the base in Q1 FY22).
Click on the attachment to read the full report:
DISCLAIMER
This 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.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
