Hospitality, Logistics Earnings Preview - Leisure Demand To The Rescue In Q1: Nirmal Bang
An employee wearing a protective mask uses a smartphone at the ITC Maurya Sheraton Hotel. (Photographer: T. Narayan/Bloomberg)

Hospitality, Logistics Earnings Preview - Leisure Demand To The Rescue In Q1: Nirmal Bang

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Nirmal Bang Report

We expect the full impact of the second Covid-19 phase to be reflected in Q1 FY22 results.

The impact of lockdown like restrictions in the second phase is expected to be less compared to the first phase in Q1 FY21 and therefore we expect YoY growth in revenue and profit.

We also note that average room rates are also expected to be higher YoY, primarily driven by change in the mix of guests from primarily quarantine/medical staff to guests for staycations, weddings, workations etc.

In Logistics, we expect strong earnings growth (3.9 times YoY; 10.2 times QoQ) in Container Corporation of India Ltd.

The YoY growth will primarily be driven by weak earnings in Q1 FY21 due to the national lockdown.

Click on the attachment to read the full report:

Nirmal Bang Hospitality and Logistics-Q1FY22 Result Preview-8 July 2021.pdf


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