Symphony Q3 Review: Gradual Recovery In Domestic Business: ICICI Direct 

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ICICI Direct Report

Symphony Ltd.’s standalone and overseas business has seen a gradual recovery on a QoQ basis. However, YoY recovery was still approximately 74% of previous year.

According to company, the trade sentiment in the domestic markets were positive and company has witnessed stock out situation in some of the geographies. The inventory level is normalised with channel partners and the company expects good volume offtake from Q4 FY21 onwards.

On the subsidiaries front, climate technologies Australia performance remained impacted due to supply issues and lower operating leverage.

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