Looks really interesting! Just want opinion of the community as to which business are you more interested in? Tried reading views of a few and most are excited about ABFRL’s high growth strategy and brands which will benefit from premiumization but personally I am more interested in Madura’s part of the business. The reason? It is luxury retail segment. ABFRL, accoriding to the management will be focusing on value segment which has become cluttered in the past 3 years. Every other person wants to enter the value clothing market. Snitch is becoming famous day by day, then there are brands like Zudio, Zara, H&M, reliance is also a new entrant in this segment. I think it will become really hard for brand to establish itself in this segment. But on the other side, Madura owns almost all the luxury clothing retail brands and this segment has close to no competition as customer preferences usually don’t change based on prices in this segment. But it remains to be seen that what valuation of Madura will be offered for listing in the market.
Just my view… Open to criticism
Disc.- Tracking since 2 years but never got the confidence to invest
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