Chemicals Sector Q1 Earnings Preview - Stable Quarter But Demand Outlook Cautious: Prabhudas Lilladher

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..Prabhudas Lilladher Report.Chemical companies are expected to deliver strong revenue/Ebitda performance YoY led by continued price rise to offset surge in raw material, energy and logistics costs. In Q1 FY23 crude oil prices were up ~15% QoQ due to geopolitical issues, while oleochemical feedstock prices (vegetable oils viz palm, rapeseed, soyabean, sunflower oil etc.) were up 5-20% QoQ given Indonesia’s ban on palm oil exports. While commodity prices are now moderating (excluding crude oil), demand environment has weakened particularly in discretionary end user industries due to extreme inflation witnessed over last few quarters. Demand outlook is cautious given weak consumer confidence, though chemical companies’ capex programmes are on track..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 Q1 Earnings Preview - Stable Quarter But Demand Outlook Cautious: Prabhudas Lilladher

Chemicals Sector Q1 Earnings Preview - Stable Quarter But Demand Outlook Cautious: Prabhudas Lilladher

Choose a plan