Fine Organic Q2 Review - Results Ahead Of Estimates; Valuations Expensive: Motilal Oswal

Fine Organic Q2 Review - Results Ahead Of Estimates; Valuations Expensive: Motilal Oswal

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Motilal Oswal Report

Fine Organic Industries Ltd. reported a beat on our estimates, with the Ebitda margin recovering to 17% in Q2 FY22 (after being subdued in the last three quarters).

As per our understanding, the volatility in key vegetable oil prices has reduced in the recent quarter, with prices peaking around current levels.

Customers have accepted the current environment of high prices. Lower volatility may result in better ability to pass on prices to consumers.

Fine Organic has long-standing relationships with its suppliers, which enables it to source raw materials at competitive prices.

Click on the attachment to read the full report:

Motilal Oswal Fine Organic Q2FY22 Result Update.pdf
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