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 Direct Report
In a business update, Jaguar Land Rover flagged the global semiconductor supply shortage as an area of concern that has impacted Q1 FY22 performance (wholesales lower than anticipated by ~27%) and is set to adversely affect near-term outlook as well (Q2 FY22E wholesale volumes now seen ~50% lower than earlier expected).
Gradual easing on the cards JLR’s retail sales in Q1 FY22 were at 1.24 lakh units, up 68% year-on-year and flattish quarter-on-quarter.
However, at the wholesale level, volumes (excluding the China JV) were at 84,442 units, ~30,000 units i.e. 27% lower than planned, hampered in part by the supply constraints surrounding semiconductors globally.
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