Consumer Discretionary Q3 Earnings Preview: Gain in Market Share, Festive Demand Key Drivers, Says ICICI Direct  
Art supplies products are displayed for sale at a store (Photographer Luke Sharrett/Bloomberg)

Consumer Discretionary Q3 Earnings Preview: Gain in Market Share, Festive Demand Key Drivers, Says ICICI Direct  

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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 Direct Report

We expect our consumer discretionary (CD) universe to continue its growth momentum even in Q3 FY21E amid strong festive demand and market share gains.

The CD universe is likely to report revenue growth of 13% YoY led by paints, electrical consumer durable, pipes segments.

We believe paint companies will report strong volume growth for Q3 FY21 (in the range of 14-15%) supported by inventory build-up by dealers ahead of withdrawal of discounts by the companies.

Click on the attachment to read the full report:

ICICI Direct Consumer Discretionary Q3FY21 Result Preview.pdf

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