Equity Analysis /
India

IN : Industrial - Overall - 4QFY21F result preview

    Rahul Agarwal
    Shubham Aggarwal
    CGS-CIMB
    16 April 2021
    Published by

    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.