- 05 Jul 2022
- ICICIdirect Research
BAJAJ ELECTRICALS TARGETS RS. 7500 CRORE CONSUMER PRODUCT SALES BY CY25
BAJAJELEC - 810 Change: 10.05 (1.26 %)News: Bajaj Electricals is targeting Rs. 7500 crore consumer product segment revenues by 2025 (implied CAGR of 19% over FY22-26E) through new product launches and market share gains
Views: Bajaj Electricals has rolled out its three-year strategy to achieve its consumer product revenue target of Rs. 7500 crore by 2025. The company aims to achieve the said revenue target through various strategic initiatives such as new product launches, strengthening of backward integration, expansion of distribution networks in rural regions with focus on market share gains. Further, demerging of project business will help the company to streamline management structure and increase focus on its core consumer products. We believe all these initiatives will help enhance shareholders value in the long run. In the near term, we believe EBITDA margin is likely to remain under pressure due to higher input costs
Impact: Neutral