Expect 30% earnings growth for FY22; must have QSR stocks for long term: Gautam Duggad of Motilal Oswal

The June quarter corporate earnings saw a marginal beat on Nifty earnings on a year-on-year basis, despite low base.

Gautam Duggad, Motilal Oswal Financial Services expects 30 percent growth in earnings for FY22 and said equity valuations will turn to FY23 post H2FY22.

Speaking to CNBC-TV18, Duggad said, “We are still expecting 30 per cent-plus earnings growth for FY22. For our broader universal Motilal Oswal coverage of 208 stocks, we have seen an earnings growth of 117 percent, which is broadly in line. This performance led by commodities and cyclicals – metals and oil marketing companies (OMCs) – ex of those two sectors numbers is marginally ahead of estimates.”