Consumer Durables share price target

1QFY21 performance is likely to impacted due to lockdown, disruption in supply chain and lower demand. Sales and PBT is expected to decline by 26.9% and 39.2% respectively (-3.8% and -14.9% in 4QFY20). EBITDA margins to contract 350bps on account of negative operating leverage. Adj PAT to decline 32.7%. Britannia and Nestle will be only players showing double digit sales growth and profits, most other companies will report decline in profits. Due to high overhead and loss of business, we estimate JUBI will report a loss of Rs510mn during 1QFY21. We expect sharp decline in profits of companies with discretionary spends...

1QFY21 performance is likely to impacted due to lockdown, disruption in supply chain and lower demand. Sales and PBT is expected to decline by 26.9% and 39.2% respectively (-3.8% and -14.9% in 4QFY20). EBITDA margins to contract 350bps on account of negative operating leverage. Adj PAT to decline 32.7%. Britannia and Nestle will be only players showing double digit sales growth and profits, most other companies will report decline in profits. Due to high overhead and loss of business, we estimate JUBI will report a loss of Rs510mn during 1QFY21. We expect sharp decline in profits of companies with discretionary spends...

subdued due to high incidence of Covid-19 cases and 2) complete washout in critical days of sale for seasonal products like RAC, Air coolers and fans etc. We Crompton Greaves Consumer Electricals expect Sales/EBITDA/PBT decline of 50.6%/67.3%/72.7% across our coverage...

subdued due to high incidence of Covid-19 cases and 2) complete washout in critical days of sale for seasonal products like RAC, Air coolers and fans etc. We Crompton Greaves Consumer Electricals expect Sales/EBITDA/PBT decline of 50.6%/67.3%/72.7% across our coverage...

Revenue growth across the board was impacted as COVID-19 led lockdown impacted peak sales period.

Valuations arop on account of uncertain demand: The pandemic had even shaken the defensive sectors in the past month.

Two companies, Havells India Ltd. and Blue Star in consumer durable space have reported Q4FY20 results.