VIP Industries - Swiftly Getting Things Back On Track With Renewed Vigour: Systematix

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. .Systematix Research Report.With air travel picking up, Big Bazaar business gradually coming back, new collections doing well in the market and margins normalising with decline in crude prices, VIP Industries Ltd. is set to deliver a 20% plus revenue growth for the remainder of the year with margins improving to 19-20%. Increase in ad-spends and aggressive exclusive brand outlet expansion also provide visibility of market share gains towards pre-Covid levels of 50% (versus 44% currently). Exports to original equipment manufacturers can be another large opportunity with retailers looking to diversify sourcing of luggage from China. The stock is currently trading at 35 times FY24E consensus earnings for 30% return on equity and we see potential for both earnings upgrades and multiple re-rating over the next few quarters..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.

VIP Industries - Swiftly Getting Things Back On Track With Renewed Vigour: Systematix

VIP Industries - Swiftly Getting Things Back On Track With Renewed Vigour: Systematix

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