Highlights
- Weak Q4, impacted by lockdown
- FY21 likely to be a washout, gains likely in FY22
- Waning of premium and unbranded competition could be post-COVID opportunities
- Focusing on high growth categories and channels
- De-risking business through diversifying sourcing
- Long term macro drivers in place
- Near term headwinds could provide accumulation opportunity
Safari Industries (CMP: Rs 370, Market Cap: Rs 829 crore), till sometimes back considered one of the smaller gems in the discretionary consumption space, is now staring
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