Bajaj Electricals Q4 Review - Consumer Product Growth Outlook Remains Intact: ICICI Direct
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ICICI Direct Report
Bajaj Electricals Ltd.’s consumer product segment reported 7% YoY revenue growth in FY21 despite loss of sales in Q1 FY21.
The company has maintained double digit growth guidance in consumer product for FY22 despite disruptions in May 2021 owing to lockdown.
The urban regions, which contribute about two-third of segment sales will be key growth driver for the company in the medium term as these regions are likely to recover fast from the pandemic.
However, pent up demand in rural regions is unlikely to be same as last year due to deep penetration of Covid-19 in the hinterlands.
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