Business Insight:

  1. It has turned cautious on distribution expansion: In 1H FY20, the company only added only 30,000 stores, compared to 260,000 in FY19 and 290,000 in FY18
  2. It has tweaked its quantum of investments in light of the current environment, which includes its pace of new launches, lower capex vs. plan, etc

Valuation Insight:

  1. The stock has delivered nearly 11.1x returns (45% CAGR) since May'13 and is up by 30% over the past three months.
  2. Currently trades at 49xFY21EPS.

Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.

Found this insight useful?

For more such insights, delivered daily in real-time for free, download the inChat app from the Play Store. Download Now!

Please share with your friends and family as well. You can also subscribe to one of our channels listed at the bottom of this page.