Ambit calls time on Goldilocks: buy Trent, Titan, Nykaa, VMM; sell DMart, Lenskart, Page, ABFRL
Ambit flags FY27 demand moderation and margin pressure across Indian consumer. Top picks: Trent (TP Rs 5,020), Titan (Rs 5,257), Nykaa (Rs 314), Vishal Mega Mart (Rs 137). Sell DMart (Rs 3,618), Lenskart (Rs 437), Page. ABFRL target cut 25%, QSR names Jubilant cut 15-17%.
Ambit calls end of India's Goldilocks phase, expects FY27 demand moderation and margin pressure. Prefers Trent, Titan, Nykaa, VMM among large-caps; sells DMart, Lenskart, Page, ABFRL. Cuts QSR and ABFRL targets sharply.