Hawkins Cookers Result Update 3QFY21 By Amarjeet Maurya, Angel Broking
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Below are Views On Hawkins Cookers Result Update 3QFY21 By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
For 3QFY21, Hawkins Cookers Ltd’s (HCL) top-line grew by ~20% yoy to Rs231cr on back of improvement in demand. On the operating front, the company reported margins contraction (down 217bps yoy) mainly due to higher operating expenses. On the bottom-line front, HCL reported growth of ~8% yoy to Rs24cr. Going forward, we expect healthy revenue growth on the back of new product launches, strong brand name and wide distribution network. Hence, we are positive on stock with buy rating
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