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.
Nirmal Bang Report
Despite a challenging macro environment that is improving gradually, overall sales of our consumer coverage universe grew by 3.7% YoY in Q2 FY21, in line with our estimates, led by healthy performance by consumer staples companies.
Ebitda increased by 4.9% YoY with Ebitda margin expanding by approximately 30 basis points YoY.
Adjusted profit after tax declined by 5.7% YoY, primarily because of the lower tax rate in the base quarter.
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