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This Article is From Jun 11, 2021

EPL - Strong Order Pipeline, Execution Remains Key: ICICI Direct

EPL - Strong Order Pipeline, Execution Remains Key: ICICI Direct
Plastic vials of saline solution. (Photographer: Angel Garcia/Bloomberg).

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

EPL Ltd. has guided for strong order in pipeline for FY22 (up 29% YoY in April 2021) led by client addition and wallet share gains from existing customers.

The company is also looking to expand its product portfolio into the health and hygiene category in FY22.

We believe the company's oral care category (contributes ~54% in topline) will grow at 8% in FY21-23E, higher than its historical average of 5% (in FY18-21).

We believe client addition and new product launch will help drive segment revenue growth.

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.

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