BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Indigo Paints Ltd. reported in line sales, but Ebitda margin surprised positively in Q4 FY22.
The sequential improvement in gross margin over the past two quarters is a trend that will continue going forward. While volume growth in Q4 FY22 was affected by the advancement of purchases in October-November 2021, ahead of the price increases in December 2021, growth has resumed in April-May 2022.
In H1 FY23, Indigo Paints is likely to gain from a low base, especially in Kerala, which was the most affected by the second Covid-19 wave in FY22.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR