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
Sumitomo Chemical India Ltd. reported topline growth of 8.7% YoY to Rs 902 crore versus our expectation of Rs 875 crore.
The topline performance was led by higher growth from crop protection segment, which was at Rs 868 crore (up 9% YoY) while revenues from other segment fell 4.8% YoY to Rs 33.8 crore.
Revenue from crop protection was led by better performance from herbicide (up 18% YoY) along with decent performance from plant growth regulators (up 13% YoY) and fungicides (up 8% YoY).
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 brokerage 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.