Logistics Q3 Results Preview - While Exim Stays Subdued, Domestic Shines: ICICI Direct

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Direct Report.Q3 saw continued higher retail diesel and petrol prices. However, that had no bearing on strong festive related domestic surface movement (higher customer purchases and inventory filling at retail store level). The quarter also likely saw higher cyclical e-com volumes as well as higher warehouse utilisation along-with growing footprint of Open Network for Digital Commerce network (Delhivery Ltd. went live on ONDC during the quarter). While passenger vehicle auto volumes (sales) grew 8-9% during the quarter and tractor grew 14%, sales included volumes from inventory de-stocking (that requires lower logistics element). On the Exim side, ocean freight rates saw substantial cooling during the quarter, down 30- 35% to $3150/40 feet container from May 2022 levels (Federation of Indian Export Organisations estimates for India U.S., Europe, far east trade routes), mainly due to recessionary fears (also leading to lower port congestion)..Click on the attachment to read the full report:.Cement Q3 Results Preview - Pick-Up In Volumes, Easing Cost Pressure To Aid Margin Recovery: ICICI Direct.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Logistics Q3 Results Preview - While Exim Stays Subdued, Domestic Shines: ICICI Direct

Quarter also likely saw higher cyclical e-com volumes as well as higher warehouse utilisation along-with growing footprint of ONDC

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