Branded Apparels Outlook 2022 - Poised For Recovery; Margins To Surprise: ICICI Securities

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 Securities Report.Apparel retail companies may see a gradual demand recovery entering CY22 amid rising concerns around Omicron. Most companies have strengthened their balance sheets in CY20-21 via equity raise, managed cost structure and working capital well, and are in a better position to manage current uncertainties. Companies may continue to expand distribution network, while online / e-commerce sales momentum seen during CY20-21 may accelerate further.Some of the cost savings achieved during pandemic may sustain, and coupled with high operating leverage, may structurally lead to higher than pre-Covid-19 margins. Recent 15-20% stock price correction seems to factor in rising concerns around Omicron making valuations more reasonable, in our view..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Branded Apparels Outlook 2022 - Poised For Recovery; Margins To Surprise: ICICI Securities

Branded Apparels Outlook 2022 - Poised For Recovery; Margins To Surprise: ICICI Securities

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