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
Hero MotoCorp Ltd.’s Q2 FY21 operating numbers were in line with consensus estimates with Ebitda margin at 13.7% (down 81 basis points YoY).
Topline grew approximately 24% (tad below consensus) to approximately Rs 94 billion as average selling prices dropped 1.9% QoQ to 51,600 per unit.
The company witnessed demand recovery on the back of improving rural sentiment aided by strong monsoon and the same could sustain in the ongoing festive season.
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