Aarti Industries Annual Analysis - Strong Growth Outlook Backed By Aggressive Expansion Plan: Axis Securities
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Axis Securities Report
Aarti Industries Ltd. delivered a notable growth of 7.4% in FY21, supported by an 11% YoY growth in the exports segment, 7% growth in specialty chemicals segment, 15% growth in the pharma segment, and capacity utilisation ramp-up.
The growth was primarily driven by an encouraging recovery in the global economic activities post Covid-19 disruptions.
However, the company’s operating performance was flattish on a YoY basis as nationwide lockdowns led to higher fixed costs and lower contribution from the value-added products.
Aarti Industries continues to consistently focus on growth through capacity expansion and ramping up utilisation.
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