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 expect apparel brands/retail companies to show a strong revenue recovery (probably in excess of low-double-digit growth over pre-Covid-19 levels) for Q3 FY22, led by improved consumer sentiment due to festive / wedding season and with easing of various lockdown-related restrictions.
Most companies capitalised themselves and managed costs well during the previous two Covid waves and are in a better position to manage current Covid-related uncertainties, in our view.
As highlighted in our recent note; we believe companies would be able to post better than pre-Covid margins with scale benefits and increased cost efficiencies, and expect consensus earnings upgrade to continue.
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