Capital Goods Update - New Vistas And Demand Revival To Propel Growth: ICICI Securities
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ICICI Securities Report
Industrial consumable market is well set to witness strong growth given the overall broad revival expected in most end-user industries.
Auto and auto ancillaries (~25% of demand), and construction and industrial consumption are in a recovery mode.
The recent government policy towards Atmanirbhar will be a shot in the arm for domestic organised consumable manufacturers.
Focus on value addition and new innovative segments under engineered ceramics and plastics are likely to support margins.
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