[ad_1]
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.
In order to assess the ground situation in cable and wires category, we interacted with Polycab India Ltd. and KEI Industries Ltd.’s distributors in the South region, generating an annual turnover of Rs 2.2-3.5 billion, servicing 900-1000 dealers. Key takeaways of our interaction are as follows-
Despite decline in prices of copper/alumium in April-November 2022 year-to-date by 15-20% YoY, revenue has increased ~20%. This implies strong volume growth in the category both in business-to-business and business-to-consumer.
After a brief period of slowdown, sales have picked up post Dassera. As per distributors, there has been 4-6% month-on-month growth since Sep-22. They expect revenue growth of up 20% YoY in FY23E.
Click on the attachment to read the full report:
DISCLAIMER
This 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.
[ad_2]
Image and article originally from www.bqprime.com. Read the original article here.