Dhanuka Agritech - Q1 May Be Subdued; All Hopes Pinned On Monsoons: 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.We interacted with senior management of Dhanuka Agritech Ltd. to take an update on the business and outlook, going forward. Key highlights are-delayed start of monsoons have kept ground sentiments lower;weak rainfall in first 20 days (down 8% YoY on a pan India basis); however major deficiency witnessed in key agricultural belts of central, western and Southern India;Q1 FY23 revenue growth for industry likely to be subdued (low double digit growth on a lower base of last year);have taken price hikes of 3-4% across portfolio to pass on inflated cost;raw material prices remained stable, led by lower demand in domestic market;green-field project in Dahej remains well on track. Dhanuka Agritech sounded cautious on its Q1 performance, led by erratic monsoons. We believe that next few weeks would be crucial for the industry in terms of H1 FY23 performance (contributing ~60% of the annual revenues). .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.

Dhanuka Agritech - Q1 May Be Subdued; All Hopes Pinned On Monsoons: Prabhudas Lilladher

Dhanuka Agritech - Q1 Likely To Be Subdued; All Hopes Pinned On The Monsoons: Prabhudas Lilladher

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