Amber’s growth prospects are supported by structural growth drivers such as changing consumer lifestyles and the low penetration of ACs.
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
The air conditioner (AC) industry has been one of the worst-hit sectors due to the pandemic. The nationwide lockdown resulted in a near washout of sales in 2020. The onset of the second wave during the peak summer season had added to the sector’s woes in 2021. While the second-quarter results of Amber Enterprises reflect broad-based improvement in operating metrics following an uptick in consumer sentiment, the business still hasn’t returned to the pre-COVID run-rate. Quarterly result highlights As lockdown restrictions were relaxed…
