Bajaj Electricals Q4 Review - Consumer Product Growth Outlook Remains Intact: ICICI Direct

Kitchen appliances by Bajaj Elelctricals Ltd. (Source: Company website)

Bajaj Electricals Q4 Review - Consumer Product Growth Outlook Remains Intact: ICICI Direct

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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

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.

Click on the attachment to read the full report:

ICICI Direct Bajaj Electricals Q4FY21 Result Update.pdf

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