Bajaj Electricals, Britannia, ABB, Thermax, Birla Corp, Jyothy Labs, Fine Organic, Alkyl Amines Q4 Review

Britannia Industries Ltd.’s Q4 FY25 results were a mixed bag, coming in below estimates on volume growth (3.5% vs brokerage's estimate of 5%) and surprising on the profitability front owing to curtailment of ad spends and cost efficiencies (other expenses down 8% YoY)..NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .HDFC Securities Institutional Equities.Britannia Industries - Adjacencies maintain growth momentum Britannia Industries Ltd.’s Q4 FY25 results were a mixed bag, coming in below estimates on volume growth (3.5% vs our estimate of 5%) and surprising us on the profitability front owing to curtailment of ad spends and cost efficiencies (other expenses down 8% YoY). Management remains focused on sustaining margins while being price competitive against regional and national players. Additionally, management highlighted that wheat deflation is not expected despite improved supply owing to higher MSP (+7%). We maintain our Add rating on Britannia with a target price of Rs 5,300/share (45 times its FY27 consolidated EPS, in line with its five-year average PE), with revenue/Ebitda/PAT CAGRs of 10/13/14% for FY25-FY28E. In our view, the growth will be driven via- aggressive distribution expansion,focus on innovation and premiumisation in adjacencies, and increasing consumer preference for Rs 10 versus Rs 5 stock keeping units..ABB India - Muted performance ABB India Ltd. reported a weak quarter with revenue/Ebitda/PAT miss by 7/5.2/4.9% respectively. The Ebitda margin stood at 18.4% (8.1/-110.6bps YoY/QoQ). ABB’s Q1 CY25 order inflow stood at Rs 37.5 billion (+4.0/- 39%YoY/QoQ), the backlog stood at Rs 99.6 billion, providing visibility for the next six quarters. ABB commentary on CY25 order inflows growth was guarded on the back of strong base, slowdown in process automation orders (project deferrals) and uncertain macro/recent events. ABB is focusing on both organic and inorganic growth to enhance market presence. We have recalibrated our estimates to factor in lower order intake. We increase our target price to Rs 5,965/share (rolled over to 60x Mar-27 EPS). Given the limited upside, we maintain Add..Click on the attachment to read the full report:.Jindal Stainless Gets Motilal Oswal's 'Buy' Initiation On Sustainable Growth Prospects, Sees 26% Upside.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Bajaj Electricals, Britannia, ABB, Thermax, Birla Corp, Jyothy Labs, Fine Organic, Alkyl Amines Q4 Review

HDFC Securities recommends 'Buy' rating on Thermax, Jyothy Labs, Birla Corp, Bajaj Electricals, 'Add' on Britannia, ABB, and 'Sell' call on Fine Organic, 'Reduce' Alkyl Amines - here's why

NDTV Profit

NDTV Profit

Follow Us

DISCOVER US FASTER

DOWNLOAD THE APP