Agro-Chemicals Q4 Earnings Preview - Consumption Weak But Placement Growth To Be Strong: Prabhudas Lilladher
A tractor spreads fertilizer onto a field of wheat. (Photographer: Chris Ratcliffe/Bloomberg)  

Agro-Chemicals Q4 Earnings Preview - Consumption Weak But Placement Growth To Be Strong: 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

Q4 will likely be a mixed bag for agrochemical industry as on-ground consumption remained soft, yet some companies saw demand traction and benefitted from low base (due to lost sales last year) in placements.

Lower pest infestation, decline in price of few molecules, farmer protests and shift in cropping pattern led to tepid consumption.

Currently supply issues do not persist, but raw material prices are on an upward trajectory globally and in India as well.

On the fertiliser side, underlying demand momentum remains strong for both Urea and complex, driven by continuing robust agriculture activity.

Click on the attachment to read the full report:

Prabhudas Lilladher AgriInputs Q4FY21 Result Update.pdf

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 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.