Hawkins - Strong Brand Recall Enabling Healthy Topline Growth: ICICI Direct
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ICICI Direct Report
Owing to renewed customer interest in cooking appliances (as people preferred home cooked food) Hawkins Cookers Ltd. reported healthy topline growth of 20% YoY to Rs 231 crore in Q3 FY21.
The company successfully launched a new range of pressure cookers and products like Tri-Ply stainless steel cookware.
Further, the company has enhanced its presence in online segment coupled with improved distribution and dealer reach.
Gross margins for Q3 FY21 declined 210 basis points YoY to 56.8% owing to a change in channel mix and steady increase in raw material prices.
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