Hero MotoCorp Q1 Review - Improving Volume, Margin Outlook: Dolat Capital

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..Dolat Capital Report.Hero MotoCorp Ltd. miss estimates in Q1 due to 1.3% QoQ fall in net average selling price (realization per vehicle increased Rs 870 QoQ while spare parts revenue and other operating income was down). Gross profit per vehicle went down 14% QoQ and Ebitda per vehicle fell 3% QoQ.Management indicated two-wheeler demand to be healthy in festive season led by supportive micro factors. Pick up in rural demand would be better than urban demand. Hero MotoCorp is going to launch its electric vehicle product Veda in coming weeks to tap the festive demand. Retail demand was better than wholesale in Q1. While going ahead every original equipment manufacturers has focused on filling dealer inventory in Q2..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Hero MotoCorp Q1 Review - Improving Volume, Margin Outlook: Dolat Capital

Hero MotoCorp Q1 Review - Improving Volume, Margin Outlook: Dolat Capital

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