Bajaj Electricals Q3 Review - Consumer Products’ Trajectory Maintained; Balance Sheet Gains On Track: Prabhudas Lilladher 
Bajaj appliances (image Company website)

Bajaj Electricals Q3 Review - Consumer Products’ Trajectory Maintained; Balance Sheet Gains On Track: Prabhudas Lilladher 

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.

Prabhudas Lilladher Report

We continue to remain structurally positive on Bajaj Electricals Ltd. given -

1. resilient demand momentum across product categories, more so in kitchen appliances

2. market share gains aided by increased distribution reach in smaller towns/ rural India and mass market positioning

3. persistent expansion of consumer product margins

4. sustained improvement of balance sheet aided by robust cash flows generation.

Although sustained recovery in engineering procurement and construction is sometime away, management expects operational profitability by Q2 FY22

Click on the attachment to read the full report:

Prabhudas Lilladher Bajaj Electricals Q3FY21 Result Update.pdf

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