Kaveri Seed Sees Strong Growth In Non-Cotton Seed Portfolio In Q3: ICICI Securities
Farmer shows rice seed at rice farm. (Photographer Sokyong Lee/Bloomberg News)

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 -

  1. 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,
  2. cotton business reported revenue decline of 2.5% and
  3. 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:

ICICI Securities Kaveri Seed Q3FY21 Results Update.pdf

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