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Kotak Institutional Equities has estimated an 80 bps YoY and 20 bps sequential expansion in standalone EBITDA margin on the back of a higher gross margin, the company's pricing interventions and savings from restructuring in different markets in the international operations.
Jefferies has raised its target price on the counter from Rs 2,635 to Rs 2,700, maintaining its ‘buy’ call
Kotak Institutional Equities, in its recent report, finds the recent sharp rally in public sector stocks puzzling
Britannia Q3 results: Britannia is expected to see a muted growth in numbers across parameters amid weak volumes, subdued rural demand, higher raw material costs, and likely price cuts in some categories.
Firstly, the original Budgeted number for FY24 was very high, in my view. From where we are with the revised estimates for FY24, an estimate of Rs11.11 lakh crore is a reasonable increase.