BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Three pointers to note from Godrej Agrovet’s Q1 FY21:
1. With reducing fear of coronavirus, there is month on month improvement in company’s revenues.However, lower off-take from hotel restaurant cafe will continue to impact rest of FY21,
2. deflation in input prices for all segments will lead to better gross and Ebitda margin in FY21 and
3. the company has continued to focus on reduction in working capital which will lead to higher return ratios.
We expect most segments of the company to show recovery in H2 FY21 after weak H1 FY21 with normal monsoon and improved agriculture outlook.
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.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR