Coromandel International: H2 Looks Promising Owing To Better Rabi Season, Says Motilal Oswal
Farmers spray fungicide in a field of rice on farmland near Sirsa, Haryana, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Coromandel International: H2 Looks Promising Owing To Better Rabi Season, Says Motilal Oswal

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.

Motilal Oswal Report

In this report, we have analyzed the sowing movement in Coromandel International Ltd.’s key states and corresponding fertilizer volume data. Here are the key highlights -

Nitrogen, phosphorous and potassium fertilizer is driving overall manufacturing volumes, with double-digit growth in key states in Q3 FY21 (as per the Ministry of Fertilizers).

Andhra Pradesh, Telangana, and Maharashtra would lead NPK fertilizer’s growth.

An increase in rabi paddy and chilly sowing acreage in the company’s key markets would prove beneficial.

Click on the attachment to read the full report:

Motilal Oswal Coromandel International Company Update.pdf

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