Q1 Preview- Deja Vu For Multiplex, Travel, Education Sector; Broadcasters Show Resilience: Prabhudas Lilladher

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Demand scenario was weak in Q1 FY22 for discretionary segments like multiplexes and tourism amid second wave.

However, broadcasters have shown some resilience as original programming prevailed for most part of the quarter indicating yields are likely to hold on.

We expect Indian-accounting standard adjusted Ebitda losses to widen for multiplexes due to low occupancy and higher opex.

Within travel and tourism, while IRCTC Ltd. will stand to benefit from ticketing delta arising from conversion of coaches into the reserved category, VIP Industries Ltd. is likely to face demand headwinds as most sales channels borne the brunt of localised lockdowns.

As far as education sector is concerned we believe it is worst hit due to delay in the start of academic session amid outright school closures.

Click on the attachment to read the full report:

Prabhudas Lilladher Media-Education-Travel Q1FY22 Result Preview.pdf


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