Equity Analysis /
India

IN : Consumer Staples - Overall - 4QFY21F Preview

    Amit Purohit
    Rohan Kalle
    Rohan Kalle

    Associate

    CGS-CIMB
    16 April 2021
    Published by

    Sustained demand from rural markets, improving consumer sentiments and normalisation of distribution channels are likely to drive sector’s sales growth. Companies have hiked prices to pass on the increase in input prices. We expect price hikes and prudent cost management to drive EBITDA margins. We expect our coverage universe to report sales/EBITDA/PAT growth of 32.8%/40.1%/37.4% yoy, respectively, in 4QFY21F.