Reported Earnings • Jun 01
Full year 2026 earnings released: EPS: ₹3.81 (vs ₹3.21 in FY 2025) Full year 2026 results: EPS: ₹3.81 (up from ₹3.21 in FY 2025). Revenue: ₹7.79t (up 84% from FY 2025). Net income: ₹1.12b (up 19% from FY 2025). Profit margin: 0% (in line with FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Announcement • May 25
Rajesh Exports Limited to Report Q4, 2026 Results on May 30, 2026 Rajesh Exports Limited announced that they will report Q4, 2026 results at 12:08 PM, Indian Standard Time on May 30, 2026 New Risk • May 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 34% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹101, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 17x in the Luxury industry in India. Total loss to shareholders of 83% over the past three years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹84.85, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 16x in the Luxury industry in India. Total loss to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹125, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 18x in the Luxury industry in India. Total loss to shareholders of 80% over the past three years. Reported Earnings • Feb 18
Third quarter 2026 earnings released: EPS: ₹2.42 (vs ₹1.20 in 3Q 2025) Third quarter 2026 results: EPS: ₹2.42 (up from ₹1.20 in 3Q 2025). Revenue: ₹2.35t (up 143% from 3Q 2025). Net income: ₹714.8m (up 101% from 3Q 2025). Profit margin: 0% (in line with 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. New Risk • Feb 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 29% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Announcement • Feb 06
Rajesh Exports Limited to Report Q3, 2026 Results on Feb 14, 2026 Rajesh Exports Limited announced that they will report Q3, 2026 results at 4:00 PM, Indian Standard Time on Feb 14, 2026 Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹231, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 20x in the Luxury industry in India. Total loss to shareholders of 66% over the past three years. Announcement • Nov 11
Rajesh Exports Limited to Report Q2, 2026 Results on Nov 14, 2025 Rajesh Exports Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Announcement • Oct 01
Rajesh Exports Limited, Annual General Meeting, Dec 30, 2025 Rajesh Exports Limited, Annual General Meeting, Dec 30, 2025, at 13:00 Indian Standard Time. Reported Earnings • Sep 20
First quarter 2026 earnings released: ₹0.32 loss per share (vs ₹0.40 profit in 1Q 2025) First quarter 2026 results: ₹0.32 loss per share (down from ₹0.40 profit in 1Q 2025). Revenue: ₹1.32t (up 118% from 1Q 2025). Net loss: ₹95.3m (down 180% from profit in 1Q 2025). Profit margin: 0% (in line with 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. Announcement • Sep 13
Rajesh Exports Limited to Report Q1, 2026 Results on Sep 19, 2025 Rajesh Exports Limited announced that they will report Q1, 2026 results on Sep 19, 2025 Reported Earnings • Aug 06
Full year 2025 earnings released: EPS: ₹3.21 (vs ₹11.36 in FY 2024) Full year 2025 results: EPS: ₹3.21 (down from ₹11.36 in FY 2024). Revenue: ₹4.23t (up 51% from FY 2024). Net income: ₹948.7m (down 72% from FY 2024). Profit margin: 0% (down from 0.1% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Announcement • Aug 03
Rajesh Exports Limited to Report Q4, 2025 Results on Aug 05, 2025 Rajesh Exports Limited announced that they will report Q4, 2025 results at 4:00 PM, Indian Standard Time on Aug 05, 2025 Reported Earnings • May 18
Third quarter 2025 earnings released: EPS: ₹1.20 (vs ₹0.42 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.20 (up from ₹0.42 in 3Q 2024). Revenue: ₹966.5b (up 48% from 3Q 2024). Net income: ₹355.0m (up 186% from 3Q 2024). Profit margin: 0% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Announcement • May 14
Rajesh Exports Limited to Report Q4, 2025 Results on May 16, 2025 Rajesh Exports Limited announced that they will report Q4, 2025 results on May 16, 2025 Buy Or Sell Opportunity • May 05
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 2.3% to ₹191. The fair value is estimated to be ₹152, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has declined by 37%. Buy Or Sell Opportunity • Apr 08
Now 20% overvalued Over the last 90 days, the stock has fallen 18% to ₹185. The fair value is estimated to be ₹153, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has declined by 37%. Announcement • Mar 24
Rajesh Exports Limited(NSEI:RAJESHEXPO) dropped from FTSE All-World Index (USD) Rajesh Exports Limited(NSEI:RAJESHEXPO) dropped from FTSE All-World Index (USD) New Risk • Mar 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (0.01% net profit margin). Buy Or Sell Opportunity • Mar 20
Now 23% overvalued Over the last 90 days, the stock has fallen 21% to ₹188. The fair value is estimated to be ₹152, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has declined by 37%. New Risk • Dec 27
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (0.01% net profit margin). Major Estimate Revision • Nov 29
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₹3.30t to ₹2.96t. EPS estimate fell from ₹29.38 to ₹11.67 per share. Net income forecast to grow 1,756% next year vs 31% growth forecast for Luxury industry in India. Consensus price target of ₹600 unchanged from last update. Share price was steady at ₹238 over the past week. Reported Earnings • Nov 18
Second quarter 2025 earnings released: EPS: ₹1.54 (vs ₹1.53 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.54 (up from ₹1.53 in 2Q 2024). Revenue: ₹669.5b (up 76% from 2Q 2024). Net income: ₹455.6m (flat on 2Q 2024). Profit margin: 0.1% (in line with 2Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Announcement • Nov 06
Rajesh Exports Limited to Report Q2, 2025 Results on Nov 14, 2024 Rajesh Exports Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Sep 20
Rajesh Exports Limited, Annual General Meeting, Sep 30, 2024 Rajesh Exports Limited, Annual General Meeting, Sep 30, 2024, at 12:00 Indian Standard Time. Announcement • Sep 04
Rajesh Exports Limited Approves Cessation of Joseph T D as Non-Executive and Non-Independent Director Rajesh Exports Limited at its board meeting held on September 04, 2024 approved cessation of Joseph T D as a Non-Executive and Non-Independent Director of the Company with effect from June 05, 2024 as his tenure is completed. Reported Earnings • Aug 16
First quarter 2025 earnings released: EPS: ₹0.40 (vs ₹10.48 in 1Q 2024) First quarter 2025 results: EPS: ₹0.40 (down from ₹10.48 in 1Q 2024). Revenue: ₹603.8b (down 30% from 1Q 2024). Net income: ₹118.6m (down 96% from 1Q 2024). Profit margin: 0% (down from 0.4% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 22% per year. Announcement • Aug 06
Rajesh Exports Limited to Report Q1, 2025 Results on Aug 14, 2024 Rajesh Exports Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹11.41 (vs ₹48.51 in FY 2023) Full year 2024 results: EPS: ₹11.41 (down from ₹48.51 in FY 2023). Revenue: ₹2.81t (down 17% from FY 2023). Net income: ₹3.36b (down 77% from FY 2023). Profit margin: 0.1% (down from 0.4% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Announcement • May 25
Rajesh Exports Limited to Report Q4, 2024 Results on May 30, 2024 Rajesh Exports Limited announced that they will report Q4, 2024 results on May 30, 2024 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹308, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 25x in the Luxury industry in India. Total loss to shareholders of 39% over the past three years. Major Estimate Revision • Feb 21
Consensus revenue estimates fall by 43% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₹3.57t to ₹2.04t. EPS estimate fell from ₹88.61 to ₹27.23 per share. Net income forecast to grow 99% next year vs 33% growth forecast for Luxury industry in India. Consensus price target down from ₹1,100 to ₹700. Share price was steady at ₹333 over the past week. Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: ₹0.42 (vs ₹14.28 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.42 (down from ₹14.28 in 3Q 2023). Revenue: ₹654.9b (down 31% from 3Q 2023). Net income: ₹124.3m (down 97% from 3Q 2023). Profit margin: 0% (down from 0.4% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Feb 07
Rajesh Exports Limited to Report Q3, 2024 Results on Feb 14, 2024 Rajesh Exports Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Announcement • Dec 17
Rajesh Exports Limited, Annual General Meeting, Dec 30, 2023 Rajesh Exports Limited, Annual General Meeting, Dec 30, 2023, at 12:00 Indian Standard Time. Agenda: To receive, consider and adopt the Consolidated and Standalone Financial Statements for the year ended 31st March 2023 as at that date together with the reports of the Directors and Auditors thereon; to confirm the dividend for the financial year 2022-23; to appoint M/s. B S D & Co., Chartered Accountants as Statutory Auditors of the company; to consider Directors changes; and to consider other matters. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹358, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 23x in the Luxury industry in India. Total loss to shareholders of 20% over the past three years. Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: ₹1.53 (vs ₹12.63 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.53 (down from ₹12.63 in 2Q 2023). Revenue: ₹380.8b (down 53% from 2Q 2023). Net income: ₹453.1m (down 88% from 2Q 2023). Profit margin: 0.1% (down from 0.5% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 15
First quarter 2024 earnings released: EPS: ₹10.48 (vs ₹10.92 in 1Q 2023) First quarter 2024 results: EPS: ₹10.48 (down from ₹10.92 in 1Q 2023). Revenue: ₹857.0b (up 32% from 1Q 2023). Net income: ₹3.09b (down 4.0% from 1Q 2023). Profit margin: 0.4% (down from 0.5% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Aug 08
Rajesh Exports Limited to Report Q1, 2024 Results on Aug 14, 2023 Rajesh Exports Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Announcement • Jul 08
Rajesh Exports Limited Recommends Dividend for the Fiscal Year 2022-23 Rajesh Exports Limited recommended a dividend of 100% for Fiscal Year 2022-23. Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: ₹48.52 (vs ₹34.19 in FY 2022) Full year 2023 results: EPS: ₹48.52 (up from ₹34.19 in FY 2022). Revenue: ₹3.40t (up 40% from FY 2022). Net income: ₹14.3b (up 42% from FY 2022). Profit margin: 0.4% (in line with FY 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 5% per year. Announcement • May 25
Rajesh Exports Limited to Report Q4, 2023 Results on May 30, 2023 Rajesh Exports Limited announced that they will report Q4, 2023 results on May 30, 2023 Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: ₹14.28 (vs ₹10.17 in 3Q 2022) Third quarter 2023 results: EPS: ₹14.28 (up from ₹10.17 in 3Q 2022). Revenue: ₹944.8b (up 45% from 3Q 2022). Net income: ₹4.22b (up 40% from 3Q 2022). Profit margin: 0.4% (down from 0.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 5% per year. Announcement • Feb 09
Rajesh Exports Limited to Report Q3, 2023 Results on Feb 14, 2023 Rajesh Exports Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Buying Opportunity • Feb 06
Now 20% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be ₹1,139, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 2.8%. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings is also forecast to grow by 29% per annum over the same time period. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ₹636, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 26x in the Luxury industry in India. Total loss to shareholders of 5.5% over the past three years. Reported Earnings • Nov 18
Second quarter 2023 earnings released: EPS: ₹12.63 (vs ₹9.87 in 2Q 2022) Second quarter 2023 results: EPS: ₹12.63 (up from ₹9.87 in 2Q 2022). Revenue: ₹802.7b (up 95% from 2Q 2022). Net income: ₹3.73b (up 28% from 2Q 2022). Profit margin: 0.5% (down from 0.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Price Target Changed • Nov 16
Price target increased to ₹1,100 Up from ₹900, the current price target is provided by 1 analyst. New target price is 47% above last closing price of ₹746. Stock is up 0.6% over the past year. The company is forecast to post earnings per share of ₹53.36 for next year compared to ₹34.19 last year. Upcoming Dividend • Sep 15
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 22 September 2022. Payment date: 30 October 2022. Payout ratio is a comfortable 2.9% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.7%). Reported Earnings • Sep 13
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹28.63 (up from ₹28.63 in FY 2021). Revenue: ₹2.43t (down 5.9% from FY 2021). Net income: ₹10.1b (up 19% from FY 2021). Profit margin: 0.4% (up from 0.3% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 5% per year. Price Target Changed • Apr 27
Price target increased to ₹1,100 Up from ₹900, the current price target is provided by 1 analyst. New target price is 78% above last closing price of ₹618. Stock is up 16% over the past year. The company is forecast to post earnings per share of ₹45.62 for next year compared to ₹28.63 last year. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: ₹10.17 (up from ₹7.71 in 3Q 2021). Revenue: ₹651.8b (up 43% from 3Q 2021). Net income: ₹3.00b (up 32% from 3Q 2021). Profit margin: 0.5% (in line with 3Q 2021). Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates by 10%. Over the next year, revenue is forecast to grow 31%, compared to a 22% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 08
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 15 December 2021. Payment date: 24 January 2022. Payout ratio is a comfortable 2.7% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.4%). Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 15% share price gain to ₹741, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 22x in the Luxury industry in India. Total returns to shareholders of 30% over the past three years. Major Estimate Revision • Aug 18
Consensus revenue estimates fall to ₹2.61t The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ₹2.97t to ₹2.61t. EPS estimate fell from ₹72.17 to ₹45.62 per share. Net income forecast to grow 51% next year vs 48% growth forecast for Luxury industry in India. Consensus price target of ₹900 unchanged from last update. Share price was steady at ₹607 over the past week. Recent Insider Transactions • Mar 24
Executive Chairman recently bought ₹952k worth of stock On the 22nd of March, Rajesh Mehta bought around 2k shares on-market at roughly ₹476 per share. This was the largest purchase by an insider in the last 3 months. Rajesh has been a buyer over the last 12 months, purchasing a net total of ₹26m worth in shares. Is New 90 Day High Low • Feb 19
New 90-day high: ₹499 The company is up 11% from its price of ₹451 on 20 November 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 16% over the same period. Price Target Changed • Feb 19
Price target raised to ₹900 Up from ₹800, the current price target is provided by 1 analyst. The new target price is 80% above the current share price of ₹499. As of last close, the stock is down 25% over the past year. Reported Earnings • Feb 17
Third quarter 2021 earnings released: EPS ₹7.71 (vs ₹10.72 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ₹455.9b (up 12% from 3Q 2020). Net income: ₹2.28b (down 28% from 3Q 2020). Profit margin: 0.5% (down from 0.8% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 15% per year. Is New 90 Day High Low • Dec 31
New 90-day high: ₹495 The company is up 8.0% from its price of ₹457 on 01 October 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 24% over the same period. Upcoming Dividend • Dec 16
Upcoming Dividend of ₹1.00 Per Share Will be paid on the 30th of January to those who are registered shareholders by the 23rd of December. The trailing yield of 0.2% is below the top quartile of Indian dividend payers (1.9%), and is lower than industry peers (0.5%). Major Estimate Revision • Nov 20
Analysts update estimates The 2021 consensus revenue estimate increased from ₹1.98t to ₹2.36t. Earnings per share estimate was lowered from ₹33.52 to ₹30.77 for the same period. Net income is expected to shrink by 3.7% next year compared to 49% growth forecast for the Luxury industry in India . The consensus price target of ₹800 was unchanged from the last update. Share price is down by 1.1% to ₹451 over the past week. 
