MRF - Strong Demand, Supply Constraints Eased: Anand Rathi
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.
Anand Rathi Report
We continue to be positive with regard to the outlook for MRF Ltd. across segments.
We expect the demand momentum to continue as we are experiencing unlocking of lockdowns starting today in the South and in some parts of the country.
We expect Q2 FY22 demand to grow strongly with expected normal operations at the company.
We expect revenue to grow 25% YoY in FY22.
Risks: Higher rubber costs; low volume growth.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.