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.
Prabhudas Lilladher Report
Bayer Cropscience Ltd. reported lackluster results, as all benefits of healthy topline growth were eaten away by 286 basis points decline in gross margins (to 44.5%) and higher than anticipated rise in other expenses (up 95 bps).
Bayer Cropscience's topline growth was driven by strong product liquidation in crop protection segment.
Corn seed sales volume were flat, as raw material supplies got impacted by delayed availability and acreage shift from maize in current Kharif season, given non remunerative price and deficit rainfall.
Post pick up in rainfall from July 10th onwards, maize acreages picked up and is likely to improve seed business in Q2.
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