👍 Polycab's impressive growth continued into Q3
👍 Revenue rose 24% QOQ
👍 Wires & Cables revenue jumped 21% on the back of one large size export order
👍 Fast Moving Electrical Goods segment sales jumped 34% on the back of strong volume growth
#polycab
👍 Revenue rose 24% QOQ
👍 Wires & Cables revenue jumped 21% on the back of one large size export order
👍 Fast Moving Electrical Goods segment sales jumped 34% on the back of strong volume growth
#polycab
https://twitter.com/ketanmba03/status/1216540585063936001?s=19
👍 A pick-up in project execution drove the revenue in EPC
👎 Significant jump in advertising & marketing expense hit margins
👍 Lower corp tax rate aided the bottomline
👎 The domestic demand scenario remain sluggish
👍 Eyeing growth thru increased penetration in export markets
👎 Significant jump in advertising & marketing expense hit margins
👍 Lower corp tax rate aided the bottomline
👎 The domestic demand scenario remain sluggish
👍 Eyeing growth thru increased penetration in export markets
👍 Undertaking multiple brand development initiatives to penetrate the domestic market
👍 The ad spends wud remain high, but the economies of scale should aid the margin improvement in coming qtrs
👍 For W&C, the mgt expects the margins to be in the broad range of 11-13 percent.
👍 The ad spends wud remain high, but the economies of scale should aid the margin improvement in coming qtrs
👍 For W&C, the mgt expects the margins to be in the broad range of 11-13 percent.
👉Polycab revenue growth is mainly on account of large export order (1,000+ crores), which is expected to complete by Q1 FY21
👉The Biz could face some headwinds on growth front post the completion of export order
Source: Moneycontrol-research
👉The Biz could face some headwinds on growth front post the completion of export order
Source: Moneycontrol-research
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