For HUL, its ice cream segment with brands such as Kwality Walls, Cornetto and Magnum contributes around 3% to its total revenues – translating to nearly ₹1,800 crore in FY24. It is a high-growth business earning mid to high single-digit profitability.
Jefferies views IndiGo as unique and strong franchise, raises target price to Rs 5,260
The IndiGo stock has underperformed following a significant miss in the company’s 2Q results, driven by higher costs impacting profitability. However, Jefferies expects cost normalization