Consumer Durables To End The Year On A High - Q4 Earnings Preview: Prabhudas Lilladher
Customers look at fans onsale inside a store near Crawford market in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Consumer Durables To End The Year On A High - Q4 Earnings Preview: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

Q4 has seen positive demand environment despite pre-buying in December and multiple rounds of price hikes (commodity inflation).

We expect consumer durables universe to register healthy growth rates and end the year on a high given -

1. positive consumer sentiment, more so in rural India

2. soaring temperatures aiding cooling products portfolio

3. share gains by large organized players and

4. low base in Q4 due to complete lockdown impact.

We expect sales/Ebitda/profit before tax/adjusted profit after tax growth of 34.3%/ 56.8%/ 58.8%/ 52.6% across our coverage universe.

Click on the attachment to read the full report:

Prabhudas Lilladher Consumer Durbles Q4FY21 Results Update.pdf

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