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

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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.

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