Consumer Sector Q2 Earnings Preview- Discretionaries Set For A Rebound; Rural Remains Resilient: Motilal Oswal
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Motilal Oswal Report
Q2 FY22 is likely to report strong cumulative growth numbers ~15% on the topline, ~10% on Ebitda, and ~10% on profit after tax for the 18 consumer companies under our coverage.
This is on a cumulative base of 5.4% and 7.3% in sales and Ebitda, respectively, in Q2 FY21.
A large portion of this growth is likely to come from pent-up demand for discretionaries on the back of-
restrictions being progressively lifted,
stores remaining open for a longer time, and
modern trade reopening in a phased manner all of which have been faster than last year.
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