Q4 20 was disappointing with all segments and geographies trading in the red – the stationery segment, particularly in emerging markets, was a key drag as online classes delayed back-to-school seasons. Given the continued weak underlying trends across segments, management anticipates a slow recovery in FY21, though new product launches, line extensions and strong commercial execution should keep the group afloat. In our view, investments into new avenues of growth (like Rocketbook, Djeep) could ....
18 Feb 2021
All segments in the red in Q4
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All segments in the red in Q4
- Published:
18 Feb 2021 -
Author:
Sumit Sayal -
Pages:
4
Q4 20 was disappointing with all segments and geographies trading in the red – the stationery segment, particularly in emerging markets, was a key drag as online classes delayed back-to-school seasons. Given the continued weak underlying trends across segments, management anticipates a slow recovery in FY21, though new product launches, line extensions and strong commercial execution should keep the group afloat. In our view, investments into new avenues of growth (like Rocketbook, Djeep) could ....