Consumer Electricals Sector Update - Continued Growth Trajectory: Dolat Capital
Electrical power polls stand outside of Novato, U.S. (Photographer: David Paul Morris/Bloomberg)

Consumer Electricals Sector Update - Continued Growth Trajectory: Dolat Capital

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.

Dolat Capital Report

Q3 numbers saw a beat across sales, Ebitda, and PAT (Exhibit 1) with a 200 bps expansion in operating margins despite flat gross margins.

In Q3, ECD margins came in flat at 19.8% while lighting was up 539 basis points YoY to 12.3% as price erosion got arrested in this segment.

Growth momentum continued with increased focus on rural and modern channel expansion by +50% YoY, with an 1% increase in market share in its main product-fans.

Company has maintained double digit margins across its product segments due to effective cost optimisation.

Click on the attachment to read the full report:

Consumer Electricals Q3FY21 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.