La Opala Q1 Results Review - Tracking Expectations: Nirmal Bang

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.Distribution expansion has been a key growth lever for La Opala RG Ltd. in the last two years and the reach continues to increase, as per the management. We believe that the recent capacity addition by Borosil should not impact category growth as well as pricing. In fact, it should boost overall category growth and La Opala’s share in the tableware segment. Entry into a new category like Borosilicate could enable La Opala to leverage its existing distribution and garner mind and wallet share. Post earnings revision, we maintain 'Buy' on La Opala with a revised target price of Rs 540, indicating an upside of ~20% from current market price. We value La Opala at 30 times price-to-earning on June-25E earnings. Overall, we are building in revenue/Ebitda/adjusted profit after tax compound annual growth rate of 19%/19%/23% over FY23-FY25E.While growth looks appealing, healthy balance sheet and consistent cash flow generation also augur well for La Opala..Click on the attachment to read the full report:.Pidilite Industries Q1 Results Review - Inline Performance; Margin Outlook Improves: Motilal Oswal.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.

La Opala Q1 Results Review - Tracking Expectations: Nirmal Bang

Growth looks appealing, healthy balance sheet and consistent cash flow generation also augur well for La Opala.

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