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.
ICICI Securities Report
Signify Innovations India Ltd. expectedly had a challenging FY20, but it completed the strategic acquisition of Cooper Lighting Solutions. (Signify Innovations paid Rs 939 million for India entity).
Key takeaways include:
1. High margin performance driven by better gross margins (could be due to lower Energy Efficiency and Services Ltd. share), lower service charge to parent and lower ad spent, and
2. possible peaking of LED conversion rates in India as LED sales mix starts stabilising at 83%.
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