India Chemicals Q1 Earnings Preview - Near-Term Growth Prospects Strained: Dolat Capital
Bottles containing different chemicals are used during sample tests in Vevey, Switzerland. (Photographer: Stefan Wermuth/Bloomberg)

India Chemicals Q1 Earnings Preview - Near-Term Growth Prospects Strained: Dolat Capital

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.

Dolat Capital Report

The beginning of FY22 commenced on a comparatively strong footing vis-a-vis last year, as developed nations opened up for trade and commerce.

Logistics and transport was disturbed due to blockages in Suez Canal coupled with higher logistics cost carried forward from.

Subsequent delays in shipments tethered with increasing oil prices, nudged raw material availability keeping commodity prices higher.

Our channel checks suggest that refineries, petrochemical plants and key building blocks are still operating at lower utilisations.

Certain outages from the previous quarter still haven’t attained normalcy.

We thus can see bulk of commodity chemicals (raw material for end user industries) to be in shortage in the near-term.

Click on the attachment to read the full report:

Dolat Capital India Chemicals - Q1FY22 Quarterly Preview.pdf

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