We have identified a minor error in the outer year forecasts which we published in our note dated 19th April. We correct this. Our FY23e forecast remains unchanged. The revisions which we made remain the same magnitude (EPS: +5% FY23e/-5% FY24e/-6% FY25e) with no impact to our previous valuation. We reiterate our BUY recommendation and 1510p 12m Target Price (17x FY24e PER).
