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.
ICICI Direct Report
Year 2021 was characterised by volatility in crude oil prices with oil moving up by 45% during the calendar year, in turn lifting chemical prices. Since the rise was uneven, there was a lag impact of passing on the entire input price inflation.
We witnessed major volatility in crude during Q3 with crude falling to $65/barrel and then again rebounding to $75-80/barrel by the end of quarter.
Since whole input inflation of H1 FY22 was not passed on entirely to end industries, Q3 can be a key quarter for passing on inflation given that crude had not surpassed this calendar year high. We expect our coverage universe companies to report topline growth of 19.2% YoY, largely driven by realisation growth.
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