Media, Education, Travel Q3 Results Preview- Demand Momentum In Luggage, Hotels Is Intact: Prabhudas Lilladher

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. .Prabhudas Lilladher Report.Media: Backed by festivities and decent content performance multiplexes would report sequential improvement in performance. However, footfall recovery is still lagging pre-Covid base and we expect a shortfall of ~17%/9% for PVR Ltd. /Inox Leisure Ltd. respectively. On broadcasting side, ad-environment continues to remain soft and we expect Zee Entertainment Enterprises Ltd. to report 6.0% YoY decline in domestic ad-revenue with Ebitda margin of 15.1%, due to continued investment in content. Travel and tourism (luggage, online travel agencies, hotels): Demand environment for luggage sector continues to remain robust and VIP Industries Ltd. and Safari Industries India Ltd. are likely to report topline growth of 33.0% YoY and 46.0% YoY respectively. Raw material inflation has also subsided a bit and hence we expect sequential improvement in gross margin of 140 basis points/70 bps for VIP Industries /Safari Industries respectively. Education: Navneet Education Ltd.’s top-line is expected to grow 12% YoY to Rs 2,629 million with an Ebitda margin of 18.0%, on account of strong growth in domestic stationary business. For S Chand and Co Ltd., we expect revenue growth of 17.0% YoY with gross margin of 60% and Ebitda loss of Rs 252 million, in a non-seasonal quarter..Click on the attachment to read the full report:.Capital Goods Q3 Results Preview - Healthy Execution; Expected Margin Revival: Prabhudas Lilladher.DISCLAIMERThis 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.

Media, Education, Travel Q3 Results Preview- Demand Momentum In Luggage, Hotels Is Intact: Prabhudas Lilladher

Demand environment for luggage sector continues to remain robust.

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