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.
Dolat Capital Report
Stove Kraft Ltd.'s miss in Q3 can be attributed to a high base, festive demand peaking in Q2 and input cost volatility. Margins affected by non-implementation of timely price hikes, though company has taken price action in Q4.
It maintains its volume led growth strategy. In-line with that, it has seen volume growth across categories in nine months-FY22.
Benefits of Stove Kraft's focus on manufacturing and capex are expected to be realized going forward along with benefits of the Metsmith and Skava acquisitions.
We adjust our estimates based on nine months and expect near term margin pressure to ease.
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.
