Insecticides India Q4 Review - New Launches To Drive Growth: Prabhudas Lilladher
A farmer sprays fungicide onto a field of rice in Indonesia. (Photographer Dimas Ardian/Bloomberg)

Insecticides India Q4 Review - New Launches To Drive Growth: Prabhudas Lilladher

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Prabhudas Lilladher Report

Insecticides India Ltd. reported better-than-expected results driven by higher-than-anticipated sale of institutional business and branded products.

Gross margin expansion was steep at 1,108 basis points (our estimate: 942 basis points) as the company resorted to inventory liquidation in Q4 FY20 due to distress sale of generic products and heightened competitive intensity in Thimet and Nuvan.

The business is likely to turnaround in the ensuing quarters driven by:

  1. new launches

  2. commencement of new capacities and

  3. initialisation of backward integration project.

Click on the attachment to read the full report:

Prabhudas Lilladher Insecticides India Q4FY21 Result Update.pdf

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