Q4 FY24 Results Preview - Stable Quarter With Margin Accretion Likely To Continue: Anand Rathi

"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..Anand Rathi Report.Modest volume growthThe mass-discretionary divide in consumption would have resulted in mixed volume growth, with staples likely to post modest growth whereas private vehicles , two wheelers and alcoholic beverages would report healthy growth and premiumisation. Credit growth is likely to have been strong, which would have aided financials’ net interest income growth. However, with U.S clients holding back on spends on anticipated rate cuts, IT is likely to have seen sluggish volume growth..Low-cost inventory benefits to aid margin expansionWhile commodity prices are inching up sequentially, low-cost inventory and better realisations would have benefited auto and consumer companies. However, cement would have seen lower realisations amid demand pressure. Most financial companies are likely to report continued net interest margin pressure. We expect margin expansion for most sectors, especially domestically-oriented agrochemicals, two wheeler, capital goods, luggage, retail, FMCG and infra..India on a strong footingIndia’s macro fundamentals are strong, with gross domestic product growth above 8% in the previous three quarters and likely to exceed the CSO’s 7.6% estimate for the year. With inflation being stable, we expect nominal GDP growth of ~11-12% for the year. This would result in the Nifty50 delivering ~18%/16% earnings growth in FY24/FY25, respectively. We reckon domestic-oriented sectors would have outshone export-oriented ones in Q4 FY24..Click on the attachment to read the full report:.Vodafone Idea Approves Rs 10-11 Price Band For Rs 18,000-Crore FPO.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."

Q4 FY24 Results Preview - Stable Quarter With Margin Accretion Likely To Continue: Anand Rathi

Margin expansion likely to have continued, excluding banking, financial services and insurance.

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Q4 FY24 Results Preview - Stable Quarter With Margin Accretion Likely To Continue: Anand Rathi

Margin expansion likely to have continued, excluding banking, financial services and insurance.

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