Weaker 2Q sales for Power Root due to Covid-19, subdued sentiment

“To cater for a wider consumer crowd, Power Root plans to launch new products in various drinking formats and price points," CGS-CIMB Research says.

KUALA LUMPUR: CGS-CIMB Equities Research expected Power Root's sales in its second quarter ending Sept 30, to be weaker year-on-year due to the Covid-19 disruptions and subdued consumer sentiment.

In its research note issued on Friday, it said whilst Power Root has seen a gradual recovery in domestic sales post-MCO, export sales are likely to be subdued from weaker consumer demand.