BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
We believe earnings of apparel brands and retail companies under our coverage may surprise positively from Q3 FY22E as the likely demand recovery may result in better than expected margin performance.
Some of the costs savings achieved during pandemic may sustain and coupled with high operating leverage may lead to higher than pre Covid-19 margins from Q3 FY22E, in our view.
Global apparel companies have raised their earnings outlook in recent times resulting in consensus upgrading of FY23-24E Ebitdas by 10-20%.
Our FY23-24E Ebitda for coverage universe are 6-12% ahead of consensus.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR