Talwalkar Better Value Fitness - Rating: Buy; Target price: Rs205 - Centrum

We expect sales to grow by 27.5% in Q3FY14. Non-membership and other revenue streams such as Zumba and Reduce will aid growth.

Operating profit will grow by 38.3% to Rs132mn along with margin expansion of 26bps.

Adjusted PAT is also expected to grow by 19.7% at Rs35mn.

Source : Equity Bulls

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