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 Securities Report
Hero MotoCorp Ltd.'s Q4 FY21 operating numbers beat consensus estimates as margins came in at 13.9% (up 337 basis points YoY).
Topline grew ~39% (slightly above consensus) to ~Rs 87 billion as average selling price rose ~19% YoY to ~Rs 554,00/unit (driven by BS-VI price increases/mix improvement).
Even in the wake of input cost increases, gross margins surprisingly held well at 29.6% (up 12 basis points QoQ).
As input costs continue to rise, gross margin trajectory over H1 would be a key monitorable.
Click on the attachment to read the full report:
DISCLAIMER
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.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
