This week, we take a look at stocks that stand to gain from the China+1 strategy. This screener reflects companies that have a global presence and are likely to see QoQ revenue growth of over 5% in Q4FY23 and revenue growth of over 10% YoY in FY23.

Industries like electrical equipment, pharmaceuticals and consumer electronics feature in the screener. Major stocks in the screener are Larsen & Toubro, Varun Beverages, Havells India, Voltas, Natco Pharma and Amber Enterprises.

Natco Pharma may see the highest revenue growth of 70% QoQ in Q4FY23, according to Trendlyne’s forecaster. ICICI Direct reports that the company plans to expand its presence in other geographies and in the crop protection segment in Brazil, Canada and China. This move is likely to contribute significantly to revenue growth in the medium to long-term.

Forecaster estimates Varun Beverages’ quarterly revenue to increase by 62.1% QoQ in Q4FY23, with an 18.7% YoY growth in revenue for FY23. The  company is set to increase its capacity by 20%, which will be operational before the summer, according to Motilal Oswal.

Amber Enterprises may clock an estimated revenue growth of 42% QoQ in Q4FY23 and 43.3% YoY in FY23. ICICI Securities sees strong growth from the refrigeration and air conditioning, and electronic component segments, which are focused on exports. 

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