Exide Industries - Expect Strong Revenue Growth In FY22: Anand Rathi
Exide Battery on display (Photo BloombergQuint)

Exide Industries - Expect Strong Revenue Growth In FY22: Anand Rathi

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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.

Anand Rathi Report

The low-base-driven automotive business growth and higher inverter sales would lead to strong growth for Exide Industries Ltd.

Our channel checks suggest that the company’s market share in two-wheeler original equipment manufacturers is settled after continuous loss in the last four quarters.

We expect the company to maintain its market share in the replacement segment and grow strongly in OEMs (more so in the four-wheeler segment).

Accordingly, we expect strong revenue growth of 26% in FY22

Click on the attachment to read the full report:

Anand Rathi Exide Industries Company Update.pdf

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