TVS Motor Q1 Review - Valuation Leaves Limited Upside: Dolat Capital

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..Dolat Capital Report.TVS Motor Company Ltd.'s Q1 numbers were broadly in line with estimates. Gross profit per vehicle were up 2.8% QoQ and Ebitda grew 7% QoQ to Rs 6 billion with flat margin at 10%. The management sounded confident on both demand and margin, double digit margin is sustainable and expected to inch up in coming quarter due to premiumisation with ramp up in volume of Apache, Ronin, Ntorq and Jupiter 125. TVS Motor indicated, two-wheeler volume to see recovery led by resumption in rural demand along with potent festive season demand. Strong channel stocking expected to meet festive season demand. Premium products such as Apache, Ntorq, Jupiter are witnessing strong traction. Recently launched Ronin will help in gain market share in retro-styled segment..Click on the attachment to read the full report:.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.

TVS Motor Q1 Review - Valuation Leaves Limited Upside: Dolat Capital

TVS Motor Q1 Review - Valuation Leaves Limited Upside: Dolat Capital

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