Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Jul 21, 2022

Rallis India - High Costs Dragged Q1 Margins Down; Long-Term Outlook Good: Anand Rathi

Rallis India - High Costs Dragged Q1 Margins Down; Long-Term Outlook Good: Anand Rathi
A truck spraying fertiliser in an open field. (Photo: Etienne Girardet/ Source: Unsplash)

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.

Anand Rathi Report

Aided by pricing and volume growth, Rallis India Ltd.'s Q1 revenue grew 16.5% YoY. Management talked of better margins driven by softer prices of some raw materials and better capacity utilisation on greater demand internationally.

The focus on launches, rising share of its herbicide range, export market share gains and ongoing capex plans kept the long term outlook positive.

Key short-term challenges: for its seeds business, shift in cropping patterns; greater use of illegal cotton seed, less contract-manufacturing demand.

Click on the attachment to read the full report:

DISCLAIMER

This 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.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search