Bayer Cropscience Q1 Review - Good Set Of Numbers In Challenging Scenario: 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.Bayer CropScience Ltd. reported better than expected results during Q1 FY23 led by strong performance from crop protection portfolio and product liquidation. It reported revenue growth of 18% YoY to Rs 16.6 billion (our estimate: Rs 15.9 billion). Ebitda surged by 23%YoY to Rs 3.9 billion and was higher than our as well as consensus estimate. We believe, better performance in the crop protection business was aided by higher realisations in Glyphosate. Healthy revenue growth coupled with price hikes taken in the recent past helped to partially mitigate the cost inflation. Corn seeds business witnessed volume growth during Q1. While rice hybrids were impacted due to delay in monsoons and unfavorable weather conditions. Other expenses were higher led by cost coming back to pre-Covid levels coupled with continued investment into the strategic initiatives to expand distribution reach. Going forward, Bayer CropScience expects challenges to persist in terms of global supply of roundup (glyphosate) in the near term..Click on the attachment to read the full report:.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.

Bayer Cropscience Q1 Review - Good Set Of Numbers In Challenging Scenario: Prabhudas Lilladher

Bayer Cropscience Q1 Review - Good Set Of Numbers In Challenging Scenario: Prabhudas Lilladher

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