Our consumer durables coverage universe has jumped 34% YoY over the past 12 months (64% outperformance to the Sensex) and we reiterate our rising consolidation and accelerating cash flows/returns thesis — 33% CAGR over FY18
Crompton conducted a successful test-run of its go-to-market (GTM) strategy in select states such as Maharashtra, Gujarat and Chhattisgarh, where results are encouraging with higher growth for those dealers.
LTTS’ confidence in achieving its 20% growth target is anchored by strong $1 billion plus deal pipeline spread uniformly across businesses. Management is focusing on deriving bulk of the growth from top-30 clients.
IDFC Bank’s (IDFCB) Q1FY19 earnings exceeded estimates on lower credit cost, while revenue was in line. While erstwhile recognised stress pool remains broadly steady, IDFCB expects additional Rs 6 billion provisions on it (