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Talwalkars Fitness Q1FY18 Share Performance by Sriram Ranganathan is a document available to read on EtoBox.

Talwalkars Better Value Fitness Ltd posted Q1FY18 sales of INR 567.3 Mn, up 13% YoY. EBITDA was INR 284.8 Mn with margins up 203 bps to 50.2%. PAT was INR 73.5 Mn with margins up 191 bps to 13%. The company has 211 gyms across India and Sri Lanka and saw higher sales from value added services and cross selling. It also partnered with Snap Fitness and Mickey Mehta to expand its presence in Asia through franchising with lower capex. The analyst maintains a "Buy" rating with a target price of INR 442 based on

Author

Sriram Ranganathan

Language

EN