ICICI Securities: Hatsun Agro Q2 Review - Limited Room For Upside

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Three-pointers from Hatsun Agro Products Ltd.’s Q2 FY21:1. dairy business reported low single-digit revenue growth led by procurement growth in mid-single-digit,2. the fall in milk procurement prices will likely lead to life-high gross and Ebitda margins in FY21E, and3. the company managed to stabilise volumes despite multiple challenges such as lockdown and volatile procurement prices.We model Hatsun Agro to report an earnings compound annual growth rate of 56.5% over FY20-FY22E with -high single-digit growth in milk procurement,lower milk procurement prices due to lower offtake by Hotel Restaurant Cafe and commencement of the flush seasoncommencement of three plants in FY21E..Click on the attachment to read the full report:.DISCLAIMERThis 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 brokerage 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.

ICICI Securities: Hatsun Agro Q2 Review - Limited Room For Upside

ICICI Securities: Hatsun Agro Q2 Review - Limited Room For Upside

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