Agro Chemical Earnings Preview: A Lacklustre Q3, Says Prabhudas Lilladher

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..Prabhudas Lilladher Report.Agrochemical industry is expected to grow mid to high single digits in Q3, driven by healthy demand from wheat, pulses and horticulture crops.While growth was expected to be strong, unseasonal rains and extended monsoon impacted the season across various states. Unseasonal rains also lowered Kharif crop yield and farmer-to-retailer recovery was compressed.Internationally, raw material price from China and container cost across ports globally continue to surge due to shortages.Fertilizer’s demand momentum remains strong but high base led to flat industry volumes for Q3 at six million tonne.Phosphatic fertilisers input cost has bottomed out and gradual hardening will likely impact margins, going forward..Click on the attachment to read the full report:.DISCLAIMERThis 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 author entity 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.

Agro Chemical Earnings Preview: A Lacklustre Q3, Says Prabhudas Lilladher

Agro Chemical Earnings Preview: A Lacklustre Q3, Says Prabhudas Lilladher

Choose a plan