Dhanuka Agritech - Better Sales Mix Drive Q3 Profitability: Prabhudas Lilladher
Assistant farm manager inspects a hybrid seed corn seedling in a field. (Photographer: Daniel Acker/Bloomberg)

Dhanuka Agritech - Better Sales Mix Drive Q3 Profitability: 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

Dhanuka Agritech Ltd. reported better than expected Ebitda growth of 46% to Rs 502 million (our estimate Rs 405 million) driven by better sales mix and sharp growth in fungicides segment.

Q4 is expected to be another good quarter driven by demand, due to deferment of season from Q3 and low base effect due to lockdown in Q4.

Its robust pipeline of 10 new products will drive growth for the next two years.

The company plans to invest Rs 2 billion to set up a technical manufacturing plant at Dahej for backward integration and venturing into exports.

Click on the attachment to read the full report:

Prabhudas Lilladher Dhanuka Agritech Q3FY21 Result Update.pdf


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