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Prabhudas Lilladher Report
Q4 has seen positive demand environment despite pre-buying in December and multiple rounds of price hikes (commodity inflation).
We expect consumer durables universe to register healthy growth rates and end the year on a high given -
1. positive consumer sentiment, more so in rural India
2. soaring temperatures aiding cooling products portfolio
3. share gains by large organized players and
4. low base in Q4 due to complete lockdown impact.
We expect sales/Ebitda/profit before tax/adjusted profit after tax growth of 34.3%/ 56.8%/ 58.8%/ 52.6% across our coverage universe.
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