AlcoBev, Hotel, Media, Retail, Telecom Q3 Earnings Preview - A Tale Of Two Halves: Dolat Capital
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Dolat Capital Report
After a lackluster H1 FY21 and Q1 FY22 that were impacted by pandemic, Q2 FY22 witnessed healthy recovery led by pent-up demand and festivity. The trend continued until first-half of Q3 FY22. However, softening of post-festive demand coupled with Covid-19 scare has dampened the sentiment. This is across the sectors viz. Alcohol-beverage, retail, media and hotels and especially in later three.
Telecom was least impacted by Covid-19 and is likely to register healthy QoQ improvement in revenues (4-6%) led by notable tariff increase of 20% from end November 2021 further aided by modest subscriber additions and marginal flow-through of tariff increases in certain segments of post-paid and pre-paid plans in earlier quarters.
AlcoBev especially Indian-made foreign liquid as a category is likely to register growth in prestige and above.
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