Consumer Discretionary Q2 Earnings Preview - Favourable Base, Strong Demand Drive Topline: ICICI Direct
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ICICI Direct Report
In Q2 FY22, companies in our consumer discretionary universe are likely to report strong revenue growth of ~18% YoY.
This is largely supported by a favorable base and demand revival led by easing of lockdown restrictions post the second wave of pandemic.
We believe a swift demand recovery aids our coverage companies to cross their pre Covid-19 level sales in Q2 FY22.
The home building material companies in the paints and piping segment are likely to report strong revenue growth backed by a pick-up in real estate demand and renovation activity.
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