Edelweiss Securities is positive on Titan, said Abneesh Roy, ED-Institutional Equities. He also mentioned that the festive demand looks good for Aditya Birla Fashion. He sees strong consumer trends for Godrej Consumer Products as well as Marico.
Abneesh Roy, ED-Institutional Equities, Edelweiss Securities, shared his take on some of the popular names as the holiday season got off to a flying start.
He said, “The house remains positive on Titan and expects market share for the stock. Plus, people like to spend on jewelry. Gold prices have also gone down and Titan continues to launch digital gold and is focusing a lot more on wedding jewelry, so always positive about it. “
He added, “This format is interesting because if you see in India, over the past 15 years, a lot of players have tried the small box neighborhood convenience store format, but it has not been successful. There are challenges, but Reliance is obviously number one in the grocery retail business and they also want to be in the omni and other parts of the retail business, so for them that is really very. important. The brand is strong and I would say they really need to fine-tune the assortment based on consumption in India like more food and private label. So so far this format has not been successful but it is interesting.
For the full conversation, watch the video
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(Edited by : Dipikka Gosh)
First publication: STI
