Exide Industries Q3 Review - Strong Replacement, OEM To Drive Growth: Anand Rathi
A customer inspects a car battery. (Photographer: Tony Avelar/Bloomberg News)

Exide Industries Q3 Review - Strong Replacement, OEM To Drive Growth: Anand Rathi


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

Exide Industries Ltd.’s Q3 saw strong growth across verticals. Our channel checks suggest that the company has lost market share in two-wheeler original equipment manufacturers and in the replacement market too.

However, we expect the company to recover in four-wheeler OEMs as markets recover, and in the industrial business in the following quarters.

Thus, we expect revenues to be flat in FY21 and grow 26% in FY22.

Click on the attachment to read the full report:

Anand Rathi Exide Industries Q3Fy21 Result Update.pdf


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 author entity and do not represent the views of BloombergQuint.

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