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Consumer Discretionary Q4 Earnings Preview - Strong Performance Continues On Favourable Base: ICICI Direct

Consumer Discretionary Q4 Earnings Preview - Strong Performance Continues On Favourable Base: ICICI Direct  

A customer views a refrigerator displayed for sale at the Home Appliance store. (Photographer David Paul Morris/Bloomberg)
A customer views a refrigerator displayed for sale at the Home Appliance store. (Photographer David Paul Morris/Bloomberg)

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

Our consumer discretionary universe is likely to post strong revenue growth of ~27% YoY supported by favourable base, seasonality and market share gains.

Paint companies are likely to post strong volume growth of ~28% YoY led by decorative paints segment amid a pick-up in construction and renovation activities.

On the electrical consumer durables front, companies like Havells India Ltd., V-Guard Industries Ltd. and Crompton Greaves Consumer Electricals Ltd. are likely to report strong revenue growth of ~48%, 36% and 29% YoY, respectively, owing to new product launches and strong demand of home appliances amid changing consumer lifestyle (work from home).

Click on the attachment to read the full report:

ICICI Direct Consumer Discretionary Q4FY21 Results Preview.pdf

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