Aditya Birla Capital Q1 Review- Continued Calibration In The Personal, Consumer Book; AQ Stable: Motilal Oswal

The thrust on cross-selling, investments in digital, and leveraging ‘One Aditya Birla Capital’ will lead to healthy return ratios, says the brokerage.

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Motilal Oswal Report

Aditya Birla Capital Ltd. continued to exhibit an improvement in operational metrics in Q1 FY25. The remaining quarters of FY25 will see an uptick in growth, lower credit costs, and better return ratios.

We expect a consolidated profit after tax compound annual growth rate of ~31% over FY24-26E.

The thrust on cross-selling, investments in digital, and leveraging ‘One Aditya Birla Capital’ will lead to healthy return ratios, even as we build in a consolidated return of equity of ~14% in FY26.

Reiterate 'Buy' with a revised SoTP (March 26E)-based target price of Rs 270.

Click on the attachment to read the full report:

Motilal Oswal Aditya Birla Capital Q1FY25 Results Review.pdf
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Also Read: Asahi India Q1 Review - Profitability Remains Under Pressure; Valuation Remains Elevated: ICICI Securities

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