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Nirmal Bang Report
We present Q3 FY22 preview of our mid-cap coverage universe. We have divided our coverage into three sections: 1. specialty chemicals, 2. specialty ingredients and 3. other mid-caps.
Overall, we believe that the strong growth trajectory should be maintained in specialty chemicals as well as select specialty ingredients companies. Elevated input costs, freight and power costs should continue to affect profitability of the chemicals companies to an extent in Q3 FY22 also.
However, companies with core focus on specialty businesses should be able to navigate through these challenges in a relatively better manner.
In our other midcap universe La Opala RG Ltd. is expected to deliver strong growth in Q3 FY22 on account of festive sales. Q2 FY22 was the strongest ever quarter for La Opala. We expect absolute revenue to be higher by ~19% QoQ in Q3 FY22.
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