Sharda Cropchem - Outperformance On All Fronts In Q3: Prabhudas Lilladher
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Prabhudas Lilladher Report
Sharda Cropchem Ltd. reported better than expected results driven by strong demand from Europe and North American Free Trade Agreement region and new product introduction.
Pre-buying of raw material in the wake of cost inflation and healthier sales mix aided 985 basis points improvement in gross margins.
The company turned around operations in FY21, leveraging on the demand from Europe & NAFTA.
Growth momentum is expected to continue driven by expanding distribution reach, new launches and strong demand for generic molecules.
Also cushion on gross margins is expected to continue with better availability and healthy demand
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