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.
Axis Securities Report
We expect most consumer staple and paint companies under our coverage to report healthy revenue growth of ~25-30% YoY (excluding -ITC Ltd.) on a lower base led by-
modest volume growth and sustained price hike,
consumers’ sustained focus on health and hygiene segment in Q1 FY22 driven by a preference to necessities as well as trusted brands,
rural markets outpacing urban markets on a favorable agri outlook and the government supportive schemes despite Covid 2.0 impacting rural areas more significantly than the first wave.
While retail companies under our coverage are likely to be impacted on a QoQ basis due to extended lockdowns led by the second wave, they are likely to witness growth on a YoY basis on a favorable base.
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