Motilal Oswal - MOSL: CONSUMER (GROUND REALITY)-Demand lights up in the festive season

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Motilal Oswal

Krishnan Sambamoorthy

EUR 120.00 For Business Accounts Only

MOSL: CONSUMER (GROUND REALITY)-Demand lights up in the festive season

CONSUMER (GROUND REALITY): Demand lights up in the festive season

We conducted post-festive season channel checks to understand the demand environment in Mumbai. Although the sample size is too small to make generalizations, the broader inference is that demand in this festive season has been largely in line or better than expectations unlike the last few years. Key takeaways:

Jockey's exclusive brand outlets (EBOs) are performing well, unlike the festive season last year.
Tanishq - jewelry demand has been healthy.
Domino's SSSG has been healthy.
Infrastructure work continues plaguing access to retail outlets and malls at various places, affecting footfall. In fact, with metro work being extended to other parts of Mumbai, the trend in dine-in - particularly at standalone stores - has weakened.
The findings concur with our recently changed view that stocks with a discretionary consumption play offer a better scope for earnings growth and stock price returns compared to staples.

01/11/2019 4 EN

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Motilal Oswal

Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.

Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.

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Analysts

Krishnan Sambamoorthy

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MOSL: CONSUMER (GROUND REALITY)-Demand lights up in the festive season

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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