Dolat Capital: KEI Industries’ Strong Q1 Backed By Higher Exports, Tier-II, III Cities Demand

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..Dolat Capital Report.KEI Industries Ltd. results were above our estimates, owing to higher exports, higher than expected sales from cables division and good demand from Tier 2 and Tier 3 cities.Cables division is expected to bounce back to normal levels in H2 FY21 considering the government push for rural electrification and metro transport. However, wires segment may see slow recovery due to slowdown in real estate sector.KEI Industries’ focus has been on various brand building exercises and expanding its dealer network, as this sales channel offers higher brand stickiness as well as better margins and lower working capital requirement.However, in H1 FY21 they will not spend much on brand building exercises. They expect dealer segment to grow by 8-10%. Retail sales reduced to 25% in Q1 FY21 which will normalise to 32-34% of total sales..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Dolat Capital: KEI Industries’ Strong Q1 Backed By Higher Exports, Tier-II, III Cities Demand

Dolat Capital: KEI Industries’ Strong Q1 Backed By Higher Exports, Tier-II, III Cities Demand

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