Agro-Chemical, Special Chemical, Mid-Caps Q1 Preview - A Mixed Bag: Axis Securities
Electronic board indicating the latest stock figures are reflected in a glass facade at the NSE in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Agro-Chemical, Special Chemical, Mid-Caps Q1 Preview - A Mixed Bag: Axis Securities

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.

Axis Securities

We expect agrochemical companies under our coverage to deliver a ~8% YoY revenue growth in Q1 FY22 on a high base in the backdrop of

  1. normal onset of monsoon with the healthy performance of herbicide and fungicide categories,

  2. price hike taken across categories to cover rising raw material costs, and

  3. favorable agrodynamics.

The specialty chemicals sector continues to be in a sweet spot owing to robust domestic demand, rising import substitution opportunities, strong growth in exports, and the government’s proactive support under the ‘Make in India’ initiative.

Under mid-caps Mold-Tek Packaging Ltd. to report volume growth in Q1 FY22 driven by strong YoY performance by paint companies as well as better recovery in discretionary food products such as chocolates and ice-creams vis-a-vis the last year’s lockdown.

Click on the attachment to read the full report:

Axis Securities Agro Chem Special Chem And Mid-Caps Q4FY21-EarningsPreview.pdf

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