Agrochemicals Sector Check - Weak Quarter; Bleak Near-Term Outlook: Prabhudas Lilladher

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.Global agrochemical companies reported subdued results in Q1 CY23 largely led by muted demand across key regions of Latin America and North American Free Trade Agreement. Weak demand environment coupled with high channel inventory in key markets further impacted product placements and exerted pressure on realizations. Reading through global companies commentaries and outlook for subsequent quarters (also CY23) H1 CY23 is expected to be muted impacted by-inventory pile-up in key regions,low demand andpricing pressure. While, recovery in demand environment likely to come from H2 CY23. For domestic companies with exports exposure (barring PI Industries Ltd.), near term commentary and outlook remained same citing high channel inventory and pricing pressure across key regions. Having said that, we continue to maintain our cautious stance on the sector citing slower demand and pricing pressure in both domestic and export markets..Click on the attachment to read the full report:.Insecticides India Q4 Results Review - Dismal End To FY23; Near Term Cautious Outlook: Prabhudas Lilladher.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Agrochemicals Sector Check - Weak Quarter; Bleak Near-Term Outlook: Prabhudas Lilladher

Global crop prices under pressure led by higher production in key regions.

Choose a plan