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
Three highlights from Heritage Foods Ltd.’s Q2 FY21 -
1. Ebitda margin expanded 1110 basis points due to reduction in milk procurement prices. We expect milk procurement prices to be lower even in H2 FY21 due to commencement of flush season,
2. The revenue decline of 10.2% was largely attributable to reduction in hotel restaurant cafe sales and lower out-of-home consumption. Gradual reopening up of economy will steadily lead to higher revenues,
3. The company has initiated some cost saving measures which has also helped to improve margins. We believe some cost saving measures are structural in nature.
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 brokerage 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