BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Gokaldas Exports Ltd. reported a good set of Q4 FY21 numbers with sharp sequential revenue growth of 40% YoY to Rs 369.9 crore (up 3.3% YoY).
The previous quarter was significantly impacted as international retailers were saddled with excess spring-summer 2020 inventory.
With a gradual recovery in U.S. retail sales (~65% of revenue), the inventory situation seems to have normalised post being impacted by Covid-19 led lockdown.
On account of higher raw material prices, gross margins for the quarter fell 380 basis points YoY to 43.8%.
However, significant cost saving initiatives (employee expenses down 12% YoY) led Ebitda margin to expand marginally by 23 basis points YoY to 7.5%.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.