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
We remain constructive on consumption space given broad based recovery in both rural and urban demand and improving consumer sentiments.
We expect discretionary segments like apparel, beauty, food, quick service restaurant, footwear, leisure, tourism etc. to show increased traction in coming quarters, subject to third Covid-19 wave being weak or a miss.
We believe current inflationary environment led by global supply chains is a joker in the pack and can result in margin and demand volatility in the near term.
Q2 FY22 performance is likely to be higher with sales and profit before tax expected to increase by 25% and 16.4% respectively.
Ebitda margins to contract ~115 basis points. Adjusted profit after tax to grow 15.7%.
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