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.
Prabhudas Lilladher Report
Bajaj Auto Ltd.’s Q1 FY22 results were impacted by lower scale of operations and raw material cost inflation.
Gross margins contracted 590 basis point YoY/ 110bp QoQ, yet better product mix led by higher share of exports and higher U.S. dollar realisations partially offset the raw material dent.
Also launch of Pulsar helped Bajaj Auto to gain market share in 125cc segment (up 300bps in Q1 FY22), thereby aiding domestic motorcycle segment.
Market share stood at 19.7% in Q1 FY22 versus 18.1% in FY21.
Management remained cautious on margin outlook amid raw material inflation.
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