Kaveri Seed Sees Strong Growth In Non-Cotton Seed Portfolio In Q3: ICICI Securities
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.
ICICI Securities Report
Highlights from Kaveri Seed Company Ltd.’s Q3 FY21 earnings -
- Non-cotton portfolio i.e. hybrid rice seeds, selection rice seeds and maize seeds reported 58.3%, 13.5% and 52.5% revenue growth in nine months FY21, respectively,
- cotton business reported revenue decline of 2.5% and
- the company continues to introduce new products backed by strong research and development which is helping the company to improve realizations as well as margins.
We remain positive on Kaveri Seed with the success of non-cotton seeds and its market share gains in cotton seeds in states like Gujarat and Haryana.
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.