Capital Goods & Consumer Durables Sector Q4 Earnings Preview - Healthy Revenue Growth Likely: Nirmal Bang
Robotic arms maneuver a washing machine drum mechanism on the production line.  (Photographer Matthew Lloyd/Bloomberg)

Capital Goods & Consumer Durables Sector Q4 Earnings Preview - Healthy Revenue Growth Likely: Nirmal Bang

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.

Nirmal Bang Report

Revenue growth for capital goods and consumer durables sector in Q4 FY21 is expected to be robust due to a favourable base (Q4 FY20 was affected by Covid-19 pandemic and lockdown) and healthy underlying demand.

The capital goods sector has witnessed pick-up in execution as Q4 is a seasonally strong quarter while the consumer durables sector continues to benefit from revival in consumer spending, pre-buying by trade channel and the advent of summer season.

However, both the sectors are facing challenges such as steep rise in commodity prices, higher transportation costs (both overseas ocean freight and domestic transport) and shortage of imported components due to global shipping challenges.

Click on the attachment to read the full report:

Nirmal Bang Q4FY21 Capital Goods Consumer Durables preview - 9 April 2021.pdf

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