Equity Analysis /

IN : Industrial - Overall - 4QFY21F result preview

Rahul Agarwal

Analyst @ CGS-CIMB

Shubham Aggarwal

Analyst @ CGS-CIMB

16 April 2021

Published by

CGS-CIMB

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Unlike 2020, strong summer 2021 demand will drive 4QFY21F sales growth and will be supported by a favourable base yoy. Input cost inflation hitting FMEG gross margins; C&W players relatively better. We expect stronger balance sheets and high cash balances yoy by Mar 2021.

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