Chemicals Sector Check - China Plus One Strategy To Usher Resilient Growth Ahead: ICICI Direct

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.Over the last three years, we witnessed enormous volatility in the crude prices from negative $40/barrel to $139/barrel in March 2022. This was on the back of a recovery in demand environment across the globe post Covid-19 along with disruption in crude supply due to Russia-Ukraine war in February 2022. It led most crude intermediate prices to reach vigorously higher, in turn, affecting cost dynamics of most chemical downstream manufactures. Additionally, rise in logistic cost along with higher power remained a key whammy on the chemical companies’ performance. Despite all the above headwinds, our chemical universe coverage companies reported strong growth last quarter (revenues growing 31.6% YoY to Rs 13305 crore, while Ebitda and profit after tax jumped by 51.2% YoY and 77% YoY to Rs 2767 crore and Rs 1746 crore respectively)..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Chemicals Sector Check - China Plus One Strategy To Usher Resilient Growth Ahead: ICICI Direct

Chemicals Sector Check - China Plus One Strategy To Usher Resilient Growth Ahead: ICICI Direct

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