BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
We interacted with senior management of PI Industries Ltd. to take an update on the business and outlook ahead. Key highlights:
PI Industries remains confident on achieving growth guidance of 18-20% YoY for FY23 in both exports and domestic segment (supported by lower base of last year);
remunerative commodity prices bode well for domestic market;
delayed monsoons have an impact on placements; however, remains hopeful of monsoon revival;
to launch five-six products in domestic market in FY23;
custom synthesis management business continues to be the shop stopper with mix changing to 80:20 for agri and non-agri, going forward;
pharma acquisition still in evaluation stages; likely to be done in next couple of quarters.
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