Kaveri Seeds Q1 Review - Expansion In Gross Margin Drives Earnings: Motilal Oswal

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..Motilal Oswal Report.Kaveri Seed Company Ltd. clocked a better operating performance in Q1 FY23, led by gross margin expansion of 420 basis points YoY, as the company was able to maintain the cost of production similar to Q1 FY22 levels. All seed categories registered a volume growth, with cotton/hybrid rice/maize/selection rice growing by 8%/6%/24%/15%. Realisation took a hit across segments due to higher discounts offered in Q1 FY23. We largely retain our FY23 earnings estimate while we cut FY24 earnings estimate by 8% due to lower cotton seed sales volumes. .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.

Kaveri Seeds Q1 Review - Expansion In Gross Margin Drives Earnings: Motilal Oswal

Kaveri Seeds Q1 Review - Expansion In Gross Margin Drives Earnings: Motilal Oswal

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