Emkay - Page 2

Emkay Global Financial’s research report on ETERNAL Eternal delivered broadly inline operating performance in Q4. Revenue grew 7.9% QoQ, better than our estimate, led by Quick Commerce (QC) and Hyperpure. Food Delivery

Emkay Global Financial’s research report on Go Fashion GO’s Q4 EBITDA was 7-10% better than estimates, largely led by higher growth in the LFS channel and better gross-margin on higher credit note.

Emkay Global Financial’s research report on CEAT CEAT reported a strong Q4; revenue growth accelerated to 14% (9M: 9.5%). EBITDAM expanded by 100bps QoQ on 64bps higher gross margins (9% beat on

Emkay Global Financial’s research report on IndusInd Bank This is in view of the spate of top management resignations, including the MD & CEO, which should increase business/margin disruption including risk of

Emkay Global Financial’s research report on Mahindra Finance MMFS logged muted growth/profitability in Q4FY25, with key numbers largely in line with our estimate; but PPoP and PAT were ~5% lower than consensus

Emkay Global Financial’s research report on SRF as we believe the worst is behind for all businesses of SRF and, going forward, we should see a) gradual pick up in specialty chemicals