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This Article is From Jul 07, 2021

India Chemicals Q1 Earnings Preview - Near-Term Growth Prospects Strained: Dolat Capital

India Chemicals Q1 Earnings Preview - Near-Term Growth Prospects Strained: Dolat Capital

India Chemicals Q1 Earnings Preview - Near-Term Growth Prospects Strained: Dolat Capital
Bottles containing different chemicals are used during sample tests in Vevey, Switzerland. (Photographer: Stefan Wermuth/Bloomberg)

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.

Dolat Capital Report

The beginning of FY22 commenced on a comparatively strong footing vis-a-vis last year, as developed nations opened up for trade and commerce.

Logistics and transport was disturbed due to blockages in Suez Canal coupled with higher logistics cost carried forward from.

Subsequent delays in shipments tethered with increasing oil prices, nudged raw material availability keeping commodity prices higher.

Our channel checks suggest that refineries, petrochemical plants and key building blocks are still operating at lower utilisations.

Certain outages from the previous quarter still haven't attained normalcy.

We thus can see bulk of commodity chemicals (raw material for end user industries) to be in shortage in the near-term.

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.

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