BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
Our interaction with agrochemical dealers and industry players indicate that the domestic industry is likely to witness 7-10% YoY growth during Q3 FY22 primarily driven by price led growth than that of volumes (higher base of last year).
Despite price led growth during the quarter the pressure on the margins is likely to persist as the industry has not been able to fully pass on the inflated cost amid a rising cost scenario.
We expect agrochemical companies under our coverage to post revenue/Ebitda/profit after tax growth of 15%/15%/33% YoY in Q3 FY22 primarily driven by healthy performance from export oriented players. While, we expect the domestic industry to post mid-single digit growth during Q3 FY22 led by abnormally higher base of last year.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
