Hero MotoCorp Q4 Review - Cost Savings, Price Hikes To Offset Raw Material Pressure: Prabhudas Lilladher
An employee walks past a Hero MotoCorp Ltd. Splendor Pro motorcycle. (Photographer: Kuni Takahashi/Bloomberg)

Hero MotoCorp Q4 Review - Cost Savings, Price Hikes To Offset Raw Material Pressure: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

Hero MotoCorp Ltd.’s Q4 FY21 results beat our estimates as Ebitda/adjusted profit after tax were better by 6-12%.

This was led by higher gross margins at 29.6% (our estimate 28.9%) and lower other expenses at Rs 8.7 billion (our estimate Rs 9.1 billio).

We believe headwinds such as weak demand sentiment and raw material would get mitigated by the company’s increased focus on cost control and price hikes.

Click on the attachment to read the full report:

Prabhudas Lilladher Hero MotoCorp Result Update.pdf

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