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Motilal Oswal Report
Kaveri Seed Company Ltd.'s Q1 FY22 revenue fell 12% on account of de-growth in the cotton and maize, offset by growth in the hybrid rice and vegetables segments.
Kaveri Seed's cotton seed sales volumes were impacted by lower cotton acreage and the use of herbicide-tolerant seeds, which further impacted branded seed sales.
Also, the pandemic affected the supply chain, resulting in the lower absorption of cotton hybrids by dealers and distributors and the consequent unavailability for the farmer.
Operating performance was further impacted by write-offs over government dues and the absence of operating leverage.
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