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Symphony - Outlook Robust For 2023: Anand Rathi

Rising mercury levels could brighten Symphony Ltd.’s fortunes.

<div class="paragraphs"><p>Symphony air cooler. (Source: Company website)</p></div>
Symphony air cooler. (Source: Company website)

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. 

Anand Rathi Report

Rising mercury levels could brighten Symphony Ltd.’s fortunes. The inflationary context in the USA and Australia and rising logistics cost could dampen prospects of overseas subsidiaries and are key monitorables. Keen competition from peers with strong brands and marketing networks in summer of CY23 would also be an important factor to watch.

Risks: Keener competition and aggressive pricing by well established all-India brands can curtail growth. Rising inflation in America (export destination via global subsidiaries) can be a risk reducing growth of overseas subsidiaries.

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Anand Rathi Symphony Company Update.pdf

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