Retail, Hospitality & Services

Independent equity research on Indian retail, hospitality and consumer services stocks. Each Zumedha report values the company with DCF, relative valuation, asset-based (NAV), earnings power (EPV) and sum-of-the-parts methods, then sets a clear Buy Range, Sell Range and risk-and-catalyst view. Coverage spans hotels and resorts, quick-service restaurants, value and fashion retail, travel and visa services, and other consumer-facing businesses. Earnings in this sector depend on occupancy and average room rates, same-store sales growth, new store and property additions, lease and labour costs, and discretionary spending trends, and our reports test each of these against current valuations