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Prabhudas Lilladher Report
With Q2 demand momentum persisting in Q3, we expect consumer durables universe to register healthy growth rates benefitting from -
- good festival season sales
- dipping mercury levels aiding winter portfolio and
- smart share gains by large organized players.
We expect Sales/Ebitda/profit before tax/adjusted profit after tax growth of 13.9%/ 28.0%/ 33.2%/ 27.9% across our coverage universe.
For a second consecutive quarter commodity prices rose sharply with London Metal Exchange spot copper/ aluminum prices up by 26.3%/ 13.1% YoY, which will have intermittent impact on gross margins in Q3/Q421.
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