Consumer Discretionary Q4 Earnings Preview - Strong Performance Continues On Favourable Base: ICICI Direct
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ICICI Direct Report
Our consumer discretionary universe is likely to post strong revenue growth of ~27% YoY supported by favourable base, seasonality and market share gains.
Paint companies are likely to post strong volume growth of ~28% YoY led by decorative paints segment amid a pick-up in construction and renovation activities.
On the electrical consumer durables front, companies like Havells India Ltd., V-Guard Industries Ltd. and Crompton Greaves Consumer Electricals Ltd. are likely to report strong revenue growth of ~48%, 36% and 29% YoY, respectively, owing to new product launches and strong demand of home appliances amid changing consumer lifestyle (work from home).
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