Hawkins Cookers Result Update 3QFY21 By Amarjeet Maurya, Angel Broking

3/02/2021 5:42:44 PM | Source: Angel Broking Ltd

Hawkins Cookers Result Update 3QFY21 By Amarjeet Maurya, Angel Broking

News By Tags | #5795 #5948 #607 #1635

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

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Hawkins Cookers Result Update 3QFY21 By Amarjeet Maurya, Angel Broking

Top News

Tag News

More News