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