Buy on Aditya Birla Fashion & Retail with a target at Rs 175: CLSA
Strong brand appeal has aided Madura's transition to asset-light franchisee model which is a big positive.
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| Updated:
| Updated: CLSA initiates buy rating on AB Fashion & retail with a buy rating and a 12-month target price of Rs 175. The stock offers strong combination of India's top four apparel brands, Pantaloons, said the CLSA note.
Strong brand appeal has aided Madura's transition to asset-light franchisee model which is a big positive. Pantaloons focus on network expansion has already started reflecting in its narrow margins.
CLSA believes that benefits are yet to come from structural shift in consumer discretionary spend.
Strong brand appeal has aided Madura's transition to asset-light franchisee model which is a big positive. Pantaloons focus on network expansion has already started reflecting in its narrow margins.
CLSA believes that benefits are yet to come from structural shift in consumer discretionary spend.
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