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 disappointing third quarter results.
While topline was in-line with our estimates at Rs 9.2 billion with 8% growth (our estimate Rs 9.3 billion), gross margin contracted by sharp 542 basis points due to lower sales of high margin corn seeds and product repositioning (downward price revision) of few brands to arrest the loss of market share.
Better realisations of round-up (Glyphosate) too failed to arrest decline in gross margins.
Click on the attachment to read the full report:
DISCLAIMER
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 author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR