Nomura puts ‘buy’ on Bata India
Improvement in mix and steady volume growth are key drivers of earnings growth in the long term.
By ET Bureau |
Target: Rs 990, Current price: Rs 866
Bata best way to play India growth story in Indian footwear industry.
Bata offers stable midteens EBITDA margins, a zero debt balance sheet, strong FCF and a stable dividend payout. Improvement in mix and steady volume growth are key drivers of earnings growth in the long term.
Bata best way to play India growth story in Indian footwear industry.
Bata offers stable midteens EBITDA margins, a zero debt balance sheet, strong FCF and a stable dividend payout. Improvement in mix and steady volume growth are key drivers of earnings growth in the long term.
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