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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.
Through this update, we take a review of the Q1 FY23 performance of our consumer discretionary universe (sub-sectors covered: paints, alcohol-beverage and quick service restaurant) versus our estimates.
The overall accelerated demand momentum seen in the last couple of quarters in the consumer discretionary sector was maintained in Q1 FY23 as well on expected lines, with some variations across few companies.
Revenue of our consumer discretionary coverage companies grew by 58.6% YoY in Q1 FY23 (three-year compound annual growth rate of 12.7%) on a relatively lower base of Q1 FY22, once again led by paint companies where the volume growth continuous to remain strong, supported by better realisations (led by price hikes taken over the last 14 months till the end of Q1 FY23).
Our alco-bev coverage companies posted a growth of 68.5% YoY. Revenue for the QSR sector grew by 64.2% YoY, driven by solid sequential improvement in the dine-in channel.
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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.
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