Bajaj Electricals Ltd. share price target

ICICI Securities Ltd | Retail Equity Research Bajaj Electricals' (BEL) revenues at | 959.4 crore were down 5% YoY led by lacklustre performance of consumer durable (CD) segment. The CD sales (includes revenue from lighting segment) declined 8% YoY as sales of appliances category were continuously hurt by company's strategy to reduce inventory at dealer's level. We believe this has resulted in BEL losing market share of consumer appliances with the competition. The company's lighting segment revenue...

Bajaj Electricals reported below-estimate revenue growth of 3.1% YoY (Rs 13.6bn), impacted by a poor show from consumer durables. EBITDA margin contraction (34bps at 5.5%) was discouraging.

For 4QFY2016, Bajaj Electricals (BEL)' top-line and bottom-line have come in below our estimates, owing to the poor performance of its Consumer durables business. The top-line growth was dampened by the poor performance of the Consumer durables and E&P; segments. On the bottom-line front, the company reported a de-growth due to lower r..

Bajaj Electricals (BEL) recorded revenues of | 1357 crore, 3.1% YoY growth led by 18% growth in the lighting segment supported by sales from LED segment under EESL's scheme. Consumer durable...

Key highlights of the results at a glance: Streamlining its distribution model in consumer durablesandappliances resulted in lower primary sales in the segment. Lighting revenues improved due to better pricing (CFL/LED) and higher sales (LED). Improved project...

Key highlights of the results at a glance: Streamlining its distribution model in consumer durablesandappliances resulted in lower primary sales in the segment. Lighting revenues improvedaspricingacrosscategories(CFL/LED)havestabilized.Improvedprojectexecution...

The company management expects Rs 3800 Cr. revenue target in the current financial year on the back of strong growth in consumer durables and lighting. We think the company would achieve this target. BEL is also thinking of price...