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This Article is From Nov 12, 2020

Motilal Oswal: Kaveri Seed’s Non-Cotton Segment Drives Q2 Growth

Motilal Oswal: Kaveri Seed’s Non-Cotton Segment Drives Q2 Growth
Barley seeds are held for a photograph at a farm in Balliang, Victoria, Australia. (Photographer: Carla Gottgens/Bloomberg)

BQ Blue'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 BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Kaveri Seed Company Ltd.'s H1 FY21 revenue increased 13% on account of growth in hybrid rice, selection rice, maize and vegetable seed segments.

Cotton seed volumes declined 1% on account of challenges faced by the industry as illegal cotton seeds were sold in the market.

Performance was above estimates. We maintain our FY21/22E estimates as a mere 8% revenue contribution usually comes from the second quarter of a financial year.

Click on the attachment to read the full report:

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This report is authored by an external party. BloombergQuint 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 brokerage and do not represent the views of BloombergQuint.

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