Safari appears to be making the most of the return to normalcy with a 57 percent year-on-year (YoY) growth in revenue
PRO Only Highlights
- Quarterly performance largely backed by improved realisations
- Medium-term triggers China plus and protectionist measures for tyre industry
- Valuations not inexpensive; but improved medium-term outlook
- Quarterly performance largely backed by improved realisations
- Medium-term triggers China plus and protectionist measures for tyre industry
- Valuations not inexpensive; but improved medium-term outlook
Highlights Strong YoY revenue performance in Q4 Gross margin improves for second consecutive quarter Operating margin improves meaningfully, structural positives at play Favourable industry tailwinds Strong earnings trajectory, valuation discount to consumer universe Safari Industries (CMP: Rs 2589, Market Cap: Rs 6139 crore), one of our top picks from the discretionary consumption space, has had a stellar run — up 183 percent in the past year against a 13 percent return on the Nifty. The key question now is whether the stock can continue with...