Hero MotoCorp - Focus On Festive Season: Systematix
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Systematix Research Report
Key takeaways from our meeting with the management of Hero MotoCorp Ltd. are-
rural sales (especially in the economy segment) remain weak in year-to-date FY22 due to the impact of the second wave of Covid-19 and the high base of last year;
urban sales are showing signs of recovery after a weak FY20-21.
Consequently, Hero MotoCorp has lost some of the market share it gained last year. However, the management expects demand recovery in the festive season based on hopeful economic indicators (normal Kharif sowing and decent reservoir levels).
While commodity prices are stabilising at current levels after a steep rise over the last year, further impact is expected in Q2 and the company is looking at various options to mitigate it.
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