With a rising share of inherently lower margin businesses in the company’s mix, the brokerage believes that margin expansion to 23-25% by FY27 would be difficult.
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.