Bajaj Electricals Q4 Results Review - Healthy Performance Continues: Prabhudas Lilladher

"BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Bajaj Electricals reported comparatively better growth in consumer products segment against peers in the quarter even after muted demand environment and subdued demand in fans amidst high channel inventory on account of transition to BEE norms and unseasonal rains. The growth in consumer products segment mainly come from appliances segment (up 16.2% YoY). Company's fast moving electrical goods business has delivered about 15% growth in FY23, outperform the peers on account of market share gain in fans and coolers segment. The appliance business has maintained market share even after muted demand environment.Margin in consumer products segment has recovery in Q4FY23 as expected and overall margin expected 200-300 basis points improvement in coming years. It has shown continued balance sheet improvements as it has achieved net cash of Rs 410 crore. We believe market share gain in fans/cooler business is quite encouraging, and increase in premium product contribution holds good for margin improvement in coming years. We tweak our FY24/FY25 earnings upwards by 0.9%/1.9% and maintain ‘Accumulate’ rating..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Bajaj Electricals Q4 Results Review - Healthy Performance Continues: Prabhudas Lilladher

Bajaj Electricals posted a better growth in consumer products business in comparison to peers despite muted demand.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Bajaj Electricals Q4 Results Review - Healthy Performance Continues: Prabhudas Lilladher

Bajaj Electricals posted a better growth in consumer products business in comparison to peers despite muted demand.

Choose a plan

Follow Us

DOWNLOAD THE APP