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 Securities Report
Higher palm oil prices (up 60% YoY) have increased realisations as well as profitability of Godrej Agrovet Ltd.’s vegetable oil segment.
Lower supplies from South-East Asia are leading to higher palm oil prices in India. With gradual reopening of the economy, demand from hotel restaurant cafe segment is likely to improve, which may further increase palm oil prices.
For every 5% increase in palm oil prices, Godrej Agrovet’s earnings can increase by approximately 2%. Customs duty on palm oil imports has been cut from 37.5% to 27.5%.
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