Talwalkars Better Value Fitness Ltd. News and Updates

Name: Latest research reports of Talwalkars Better Value Fitness Ltd. authored by Chola Wealth Direct and published by - Trendlyne research reports.
Item: Talwalkars Better Value Fitness Ltd.
Rating: 5
Author: Chola Wealth Direct

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Talwalkars Better Value Fitness Ltd.

13 Aug 2015

EARNINGS UPDATE - TALWALKAR

Buy: Talwalkars Better Value Fi...

Recommendation Target

Chola Wealth Direct

Company has indicated that the Talwalkars Leisure club will be operational before 1QFY17. The Company has opened its second premium gym in Churchgate, South Mumbai. The first premium gym was opened in Banjara Hills, Hyderabad on 26 th Jan 2015 and the base fee 30-33,000. Company has reported 80% of its existing clients of Banjara Hills have shifted to this premium gym....

Talwalkars Better Value Fitness Ltd.

04 Aug 2015

Talwalkars Better Value Fitness Ltd: Fit with Better Value (Aug 04, 2015)

Buy: Talwalkars Better Value Fi...

Karvy

Building a healthy market leadership position: Talwalkars is maintaining itsmarket leadership in the organized sector with almost 12.3% of the market share. The organized sector constitutes almost 28% of the total market where as the unorganized sector constitutes 72% which implies a huge potential for growth. The company is offering a wide range of products and services such as Gym, alternative therapies such as Nu form, TranZform, Zumba (dance fitness program) and Nutrition program Reduce.

Talwalkars Better Value Fitness Ltd.

08 May 2015

EARNINGS UPDATE - TALWALKARS

Neutral: Talwalkars Better Value Fi...

Target

Chola Wealth Direct

In 4QFY15, Revenues up 16.6% YoY (+62.7% QoQ) at INR 768mn. Increase in revenue on account of higher share of value added services per gym. Revenue per gym increased by 15.8% YoY to INR 5.12mn. The same store sales (SSS) growth stood at 9-10% YoY. Revenue from value added...

Talwalkars Better Value Fitness Ltd.

11 Feb 2015

EARNINGS UPDATE - TALWALKARS

Talwalkars Better Value Fi...

Chola Wealth Direct

In 3QFY15, Revenues up 29% YoY (-43.6% QoQ) at INR 472mn. Increase in revenue on account of higher share of value added services per gym. Revenue per gym increased by 28.1% YoY to INR 3.15mn. The same store sales (SSS) growth stood at 10.2% YoY and member retention rate stood...

Talwalkars Better Value Fitness Ltd.

11 Nov 2014

EARNINGS UPDATE - TALWALKARS

Talwalkars Better Value Fi...

Chola Wealth Direct

325bps YoY to 48.15% due to cost optimization. Employee cost was down 162bps YoY and administrative cost was down 164bps YoY. Interest expense Increased by 40bps YoY to 3.5% of sales. On a sequential basis, depreciation cost grew marginally at 5.2% to INR 104mn, which is below our estimate; however, we are positive on the management's intent to accelerate depreciation rate, which will reflect the true economic value of the asset....

Talwalkars Better Value Fitness Ltd.

12 Aug 2014

EARNINGS UPDATE - TALWALKARS

Neutral: Talwalkars Better Value Fi...

Target

Chola Wealth Direct

0.00YoY (-45.9% QoQ). EBITDA margin went up In 1QFY15, EBITDA stood at INR 187mn, up 48.1% 802bps YoY to 41.79% due to cost optimization. Personnel cost was down 249bps YoY and administrative cost was down 551bps YoY. Interest expense increased by 52bps YoY to 8.5% of sales. Depreciation expense is getting closer to reflect...

Talwalkars Better Value Fitness Ltd.

14 May 2014

EARNINGS UPDATE - TALWALKARS

Talwalkars Better Value Fi...

Chola Wealth Direct

Core thesis remain intact depreciation continues to increase In 4QFY14, Revenues up 18.1% YoY and 80% QoQ at INR 659.16mn. In the recent past, company has been slow in adding gy ms and focuses more on improving gy m productiv ity by offering value added services, thereby improving the revenue per gy m. In FY14, company has added 14 gy ms compared to 23 gy ms (excl. Nuform) in FY13. How ever,...

Talwalkars Better Value Fitness Ltd.

10 Feb 2014

EARNINGS UPDATE - TALWALKARS

Talwalkars Better Value Fi...

Chola Wealth Direct

Revenues up 29.1% YoY and dow n 47.3% QoQ at INR 366mn. EBITDA stood at INR 154mn, up 43.5% YoY and dow n 50.7% QoQ EBITDA margin up 420bps YoY to 42.1% Adj.PA T grew by 21% YoY to INR 35.5mn in 3QFY14 Tw o new HiFi centers w ere added during the quarter....

Talwalkars Better Value Fitness Ltd.

06 Nov 2013

EARNINGS UPDATE - TALWALKARS

Talwalkars Better Value Fi...

Chola Wealth Direct

Background: TBVF is one of the India's largest fitness chain and holds ~10% market share. TBVF has over 147 health clubs and gyms across 76 cities and towns of India and members base of over 133,000. They have 103 owned gyms, 16 gyms under JV, 6 licensed gym, 7 Franchisee gyms and 15 HI-FI format gyms. Geographic distribution of gyms: West (43%), North (27%), South (25%) and East (5%). Urban, semi-urban mix's of gym: Tier I (35%), Tier II (40%) and Tier III (25%). During...

Talwalkars Better Value Fitness Ltd.

15 Aug 2013

EARNINGS UPDATE - TALWALKARS

Neutral: Talwalkars Better Value Fi...

Recommendation Target

Chola Wealth Direct

Revenues up 31% YoY and -33.1% QoQ at INR 374mn. EBITDA stood at INR 126mn up 34.3% YoY and -55.6% QoQ EBIDTA margin expanded 80bps YoY to 33.8% Adj.PAT grew by 21% YoY to INR 34mn in 1QFY14 Introduced Reduce' program in 27 new centers taking the total count to 44 and Zumba is offered in...

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Is Talwalkars Better Value Fitness Ltd. worth buying?

93 Votes:

Buy 74.19%

Sell 17.2%

Hold 8.6%