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.
Prabhudas Lilladher Report
Ceat Ltd.'s Q4 FY21 consolidated results missed our estimates, as margin came lower at 11.4% (down 130 basis point YoY/ 340 basis point QoQ, our estimate 13.4%) led by raw material headwinds and lower replacement mix.
As gross margins are anticipated to remain weak in H1 due to raw material inflation (up 8-10% increase in Q1) and weaker mix (replacement share to normalize to ~60% versus 65% in H2), we expect margins to remain weak in Q1 FY22.
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, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
