Chemicals Q4 Results Preview - On A Recovery Path: HDFC Securities

The domestic inventory destocking is over while global inventory destocking will continue for the next two quarters

Scientist testing a chemical solutions in test tubes in R&D lab. (Source: freepik)

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HDFC Securities Institutional Equities

Revenue for our coverage universe is likely to improve by 8% QoQ while it could fall by 3.8% YoY in Q4. Prices of the chemical are showing a mixed bag on a sequential basis.

As per management, the domestic inventory destocking is over while global inventory destocking will continue for the next two quarters. Ebitda could improve by 16% on QoQ but could fall by 18% YoY.

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HDFC Securities Institutional Equities Chemicals - Q4FY24 Results Preview.pdf
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Also Read: Consumer Sector Q4 Results Preview - Demand Trends Are Yet To See A Major Revival: DRChoksey

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