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Axis Securities
We expect agrochemical companies under our coverage to deliver a ~8% YoY revenue growth in Q1 FY22 on a high base in the backdrop of
normal onset of monsoon with the healthy performance of herbicide and fungicide categories,
price hike taken across categories to cover rising raw material costs, and
favorable agrodynamics.
The specialty chemicals sector continues to be in a sweet spot owing to robust domestic demand, rising import substitution opportunities, strong growth in exports, and the government's proactive support under the ‘Make in India' initiative.
Under mid-caps Mold-Tek Packaging Ltd. to report volume growth in Q1 FY22 driven by strong YoY performance by paint companies as well as better recovery in discretionary food products such as chocolates and ice-creams vis-a-vis the last year's lockdown.
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