Real Estate, Ceramics Q1 Preview - Impact Of Second Covid-19 Phase Lower Than First Phase: Nirmal Bang

Outdoor wall tiles By Kajaria Ceramics Ltd. (Source: Company website)

Real Estate, Ceramics Q1 Preview - Impact Of Second Covid-19 Phase Lower Than First Phase: Nirmal Bang

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.

Nirmal Bang Report

We expect the full impact of the second Covid-19 wave to be reflected in Q1 FY22 results.

The impact of lockdown like restrictions in the second phase is expected to be less severe compared to the first phase (in Q1 FY21) and therefore we expect YoY growth in revenue.

We also note that construction activities continued during the second phase of Covid-led lockdown.

Consequently, there was a gradual demand recovery for properties in Q1 FY22 compared to Q1 FY21.

Q1 FY21 was a complete washout period for majority of the real-estate and ceramics companies due to the nationwide lockdown (following the Covid-led disruption).

Click on the attachment to read the full report:

Nirmal Bang Real Estate and Ceramics Sector- Q1FY22 Result Preview-12 July 2021.pdf

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