Sector Update : The kitchen appliances market in India is estimated at
INR 21,500 Cr in 2018 of which 45-50% is contributed by large kitchen
appliances.The market is expected to grow at a CAGR of ~12% largely driven by
the high growth in the large kitchen appliances segment. The large kitchen
appliance market is expected to witness a CAGR of ~15% for next 5 years whereas
food preparation and cooking appliance market will grow at a CAGR of ~8% and
~9% respectively. Mixer grinders contributes to 60-65% of food preparation
market whereas water purifier is the largest category in large kitchen appliance
with 50-55% of the market.
Somany
Home Innovation Ltd has posted Net Sales / Revenue of ₹1613.12 Cr & Net Profit of ₹23.11 Cr in FY2020 .
Operating Profit is ₹ 88 Cr and Operating Profit margin is 5% and Net Profit
margin is 1%.
Valuations : The Company is now Trading at X 1.7 of
its valuations of FY2020 earnings.
Disclaimer
: We are / may going to take exposure shortly.
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