ICICI Securities: Sudarshan Chemicals - Shifting Gears From Normalisation To Growth
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ICICI Securities Report
Sudarshan Chemical Industries Ltd.’s Q2 FY21 Ebitda rose 2.1% YoY to Rs 677 million on recovery in volumes.
In September 2020, the company achieved highest production volumes, which can make H2 much stronger, if sustained.
The company is shifting gears from normalisation of production to accelerating growth.
It plans to relaunch yellow pigment in December 2020 and add one more product in high performance pigments category in March and September 2021.
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