Earnings Report /
Sri Lanka

Cargills (Ceylon): 1Q FY22 - Near term headwinds but poised for the long haul

  • Footfall and store expansions drive Retail T/O; margins to be sustained

  • Improving demand from 2H to benefit FMCG, facilitating price increases

  • We maintain our TP of LKR 325/share and BUY rating

Asia Securities
11 August 2021
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