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Hawkins Cookers - 1QFY21 Results - Angel Broking

Posted On: 2020-08-05 09:30:58 (Time Zone: Arizona, USA)


Amarjeet Maurya, AVP - Mid Caps, Angel Broking Ltd.

"For 1QFY21, Hawkins Cookers Ltd (HCL) reported results better than our expectations on top-line and bottom-line fronts. HCL's top-line de-grew by ~29% yoy to Rs101cr. Top-line was negatively impacted due to the nationwide lockdown. However, HCL has seen good traction for kitchenware products (as cooking at home has increased) and expected to remain strong. On the operating front, the company reported margins contraction (down 564bps yoy) mainly due to negative impact of operating leverage. On the bottom-line front, HCL reported de-growth of ~53% yoy to Rs6cr on the back of lower sales and poor operating performance. Going forward, we expect healthy revenue recovery on the back of new product launches, strong brand name and wide distribution network. Hence we are positive on stock with buy rating."

Shares of HAWKINS COOKERS LTD. was last trading in BSE at Rs.4212.55 as compared to the previous close of Rs. 4122.5. The total number of shares traded during the day was 8420 in over 1731 trades.

The stock hit an intraday high of Rs. 4454.8 and intraday low of 4050.05. The net turnover during the day was Rs. 35996795.


Source: Equity Bulls

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