Has anyone compared AB Fashion in lieu with Nykaa valuations?
Nykaa FY21 TOTAL sales at around 2500 cr: expected m-cap over 50,000 cr
Aditya Birla Fashion FY21 online e-commerce sales 900 cr (total sales 5600 cr) – has done 8700 cr pre-covid; m-cap is 25,000 cr
#justcurious
More from Varinder Bansal 🇮🇳
Shree Renuka Sugars releases entire pledge of nearly 55.3 cr shares (26% equity) from IDBI bank
D: OWN/ BIASED/ ADVISED
D: OWN/ BIASED/ ADVISED
Thanks, ET for quoting me. But a slight warning that Renuka is still using ~75% of existing ethanol capacity & ~60% of enhanced capacity this year vs Balrampur 95%. The key is to monitor CU going ahead (and of course Wilmar stand on 300 mn loan to co)
— Varinder Bansal \U0001f1ee\U0001f1f3 (@varinder_bansal) June 10, 2021
D: OWN/ BIASED/ ADVISED pic.twitter.com/wgPAcYHtnR