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 Direct Report
In Q3 FY22, our consumer discretionary universe is likely to report revenue growth of ~10% YoY driven by price hikes in the range of 7-20%. The aggressive price hikes and higher base (due to strong pent up demand in Q3 FY21) would restrict volume offtake in rural and semi urban regions.
On the fast moving electrical goods front, demand slowdown was witnessed in the air conditioners and small appliances (such as water heater) categories mainly due to untimely rains in the various geographies.
On the piping front, PVC piping demand was impacted in rural regions primarily due to sharp price hikes. On the paints front, we believe, despite a higher base, paint companies are likely to report volume growth of 7-8% mainly due to pre-buying activity at dealer's front in the fear of price hikes.
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.
