For larger manufacturers in the highly fragmented cable industry, the gathering pace of consolidation is a key positive. This adds to their improving growth prospects and profitability.
Channel checks by analysts show that the pandemic has left smaller and regional companies starving for cash. Their stretched working capital needs amid recovering demand have resulted in market share gains for peers with larger capacities, stronger balance sheets, and diverse portfolios.
Companies to benefit: Polycab India Ltd, Havells, V Guard etc
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