Orient Electric - Gaining Market Share Via Innovation: ICICI Securities Initiates Coverage

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..ICICI Securities Report.Orient Electric Ltd.’s aggressive investments in research and development and ad-spend have helped it build competitive advantages in consumer electricals. With distribution expansion, it has gained market share across segments (fans, consumer durables) over the past decade. We believe the company has the potential to grow higher than the industry growth of ~15% due to- differentiated launches,distribution expansion andsteady expansion of product portfolio. We model Orient Electric’s Ebitda margin to correct 30 basis points in FY24E due to prevailing input material inflation. We model 15.2% and 17.2% compound annual growth rates in revenue and profit after tax over FY22-24E..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.

Orient Electric - Gaining Market Share Via Innovation: ICICI Securities Initiates Coverage

Orient Electric - Gaining Market Share Via Innovation: ICICI Securities Initiates Coverage

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