Kaveri Seed Q1 Review - Lower Cotton Seed Volumes Drag Down Overall Performance: Motilal Oswal
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.
Motilal Oswal Report
Kaveri Seed Company Ltd.'s Q1 FY22 revenue fell 12% on account of de-growth in the cotton and maize, offset by growth in the hybrid rice and vegetables segments.
Kaveri Seed's cotton seed sales volumes were impacted by lower cotton acreage and the use of herbicide-tolerant seeds, which further impacted branded seed sales.
Also, the pandemic affected the supply chain, resulting in the lower absorption of cotton hybrids by dealers and distributors and the consequent unavailability for the farmer.
Operating performance was further impacted by write-offs over government dues and the absence of operating leverage.
Click on the attachment to read the full report:
This 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 author entity 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.