Hawkins - Strong Brand Recall Enabling Healthy Topline Growth: ICICI Direct 
Pressure cooker valve components sit in trays inside a factory (Photographer Luke MacGregor/Bloomberg)

Hawkins - Strong Brand Recall Enabling Healthy Topline Growth: ICICI Direct 

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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.

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.

Click on the attachment to read the full report:

ICICI Direct Hawkins Company Update.pdf

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