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Anand Rathi Report
Its progress in battery technology in automotives would go a long way in Amara Raja Batteries Ltd. gaining market share in two-wheeler original equipment manufacturer market and, possibly, a rub-off effect in the replacement market in the next two-three years, in our view.
Profitability expected to expand - While the margin is expected to decline in FY21 we expect it to recover in FY22, driven by volume leverage, and centralised manufacturing of plates.
Channel-check update -
1. Lack of supply of oxygen for industrial applications in general and for batteries in particular is hampering battery supply. Amara Raja not impacted.
2. No price revision.
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