Polycab India Q4 Review- Capex Cycle Revival, FMEG Key For Future Growth: ICICI Direct
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
Polycab Ltd. reported a 100% sales recovery in FY21E despite a 50% loss of revenue in Q1.
Strong pent up demand and pick-up in infra spending post easing of lockdown restrictions helped the company cover up the loss of sales.
Segment wise, fast moving electrical goods reported strong growth of 24% year-on-year in FY21E led by new product launches and dealer additions.
Thus, segment revenue contribution in overall topline has also increased to 12% in FY21 vs. 9% in FY20.
On the wire & cable front, Polycab reported 100% sale recovery in FY21, better than 86% recovery of KEI Industries.
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.