BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Kansai Nerolac Paints Ltd.'s Q1 FY21 reported revenue, Ebitda and profit after tax decline of 58.6%, 69.7% and 79.5%, respectively.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
While gross margin expanded 320 basis points due to lower input prices and higher revenue share of decoratives, Ebitda margin declined 440 basis points due to stable fixed costs.
-
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
India Could Gain If AI Trade Unwinds, US Midterms May Hurt Markets: Ramesh Damani -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI -
"I Am A Material Man In A Material World': Quantum Advisors' Ajit Dayal On NDTV Profit Ignite
Employee cost and Other expenditure as percentage of net sales were up 670 basis points and 90 basis points, respectively.
Kansai Nerolac initiated some cost saving programs and advertisement spend was also lower (Our view).
While April 2020 was completely washout due to lockdown, there was double digit volume growth in decorative paints in May and June 2020.
We believe there was some pent up demand as well as likely channel filing. Industrial paints (including automotive paints) continued to revenue report decline even in May-June 2020.
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 brokerage 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.
