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