Chemical Sector Q4 Earnings Preview - Recovery Across Sectors Likely To Aid Topline Growth: ICICI Direct
Vials of chemicals solutions are seen under ultraviolet light at research centre. (Photographer: Hannelore Foerster/Bloomberg)

Chemical Sector Q4 Earnings Preview - Recovery Across Sectors Likely To Aid Topline Growth: ICICI Direct

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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 Direct Report

Crude oil prices have increased ~38% over October-December 2020, in which a major surge came in December.

Further, since the start of Q4 FY21, crude oil prices have gone up 14% over January-March 2021, which percolated into many chemicals prices to reach considerably higher levels.

We believe given there was apprehension of higher crude prices on the back of a revival in economic growth along with ongoing supply cut by Organization of the Petroleum Exporting Countries, majority of the companies built up low cost inventory during Q3 FY21.

We expect this to provide a cushion to overall growth in Q4 FY21.

Click on the attachment to read the full report:

ICICI Direct Chemicals Q4FY21 Results Preview.pdf

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