MRF - Strong Demand, Supply Constraints Eased: Anand Rathi
MRF tyre store. (Source: BloombergQuint)

MRF - Strong Demand, Supply Constraints Eased: Anand Rathi

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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.

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:

Anand Rathi MRF Company Update.pdf

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