Logistics Sector Earnings Preview - Revival In Economy, Low Base Favourably Impacting Q4: ICICI Direct
A Freight truck shipping container travels near Nhava Sheva Port in Navi Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Logistics Sector Earnings Preview - Revival In Economy, Low Base Favourably Impacting Q4: 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

In Q4, our logistics coverage universe is expected to benefit from changing consumer ordering habits post pandemic, greater adoption of digital technology by micro small and medium enterprise customers, YoY upswing in auto sales and higher movement of Exim via rail.

Core segments like auto, pharma, e-commerce, MSMEs continued to see a good pick-up in demand with record E-Way bill generation during March (6.6 crore till March 28 versus pre-pandemic 5.5 crore levels) and any signs of a slowdown in freight activity due to intermittent lockdown/curfew in a few bigger states are yet to be visible.

Click on the attachment to read the full report:

ICICI Direct Logistics Q4FY21 Result Update.pdf

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