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.
Systematix Report
Passenger Vehicles volumes seeing a quicker recovery: Volumes across the passenger vehicle segment are seeing a quicker recovery than two-wheeler and commercial vehicle segments post the 2nd phase of lockdown.
The industry should see double-digit volume growth as the favourable base will continue till Q2 FY22.
We expect companies with exposure to PVs and tractors to outperform the companies with exposure to CVs and 2Ws.
Further, OEMs are likely to see gross margin contraction quarter-on-quarter due to raw material inflation as commodities have continued their upward trajectory, though it will be partially offset by price hikes.
For ancillaries, any impact of the lag in commodity price pass-through could hurt operating margin (utilisation levels at sub 65% for the quarter).
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