BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
HDFC Securities Report
Our coverage universe is expected to post -1/-3% revenue/EBITDA decline in 2QFY21 (+3/+4% in 2QFY20 and -50/-64% in 1QFY21).
Recovery for business to consumer products was strong, led by pent-up demand, easing of restrictions in most states, and lower channel inventory.
General trade and e-commerce have been sustaining robust growth while modern trade remained slow due to weak footfalls.
Work from home, home cooking, and pent-up demand is driving home appliances (large and small).
Recovery in semi-urban and rural markets was quick while metros saw a recovery in later part of the quarter, post the ease out of restrictions.
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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 brokerage and do not represent the views of BloombergQuint.
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