White Goods, Durables - Copper Prices Rise, But Other Raw Materials Still In Deflation Zone: ICICI Securities

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.Copper, a major raw material (more than 35% of raw material cost) is back in inflation zone. However, other raw materials such as aluminium, steel and high density polyethylene are still in deflation. We model white goods and durable companies to report 100-300 basis points YoY Ebitda margin expansion in Q4 FY23. However, we believe the benefit will be highest for electrical consumer durable companies, followed by cable and wire companies. We model white goods companies to pass on most benefits of correction in input prices. We also model white goods and durable companies to invest the gains in-raising ad-spend,increasing research and development spends and launching differentiated products, andincreasing trade schemes and consumer offers to gain market share..Click on the attachment to read the full report:.Dairy Sector Check - Early Signs Of Emerging Stability In Milk Prices: ICICI Securities.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.

White Goods, Durables - Copper Prices Rise, But Other Raw Materials Still In Deflation Zone: ICICI Securities

Model margin expansion in Q4 FY23.

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