Amara Raja Q2 Result Update - On A Consolidation Phase: Dolat Capital

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Dolat Capital Report

Amara Raja Ltd. Q2 numbers were mixed bag as demand signals are positive across all product segments, but the rise in input cost is negatively impacted margin.

Top line growth was 17% year-on-year while Ebitda margin contracted 137 basis points quarter-on-quarter to 11.9% led by commodity inflation and weaker product mix.

Industrial volume growth was stable across all segments particularly in UPS business registered healthy growth.

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