Insecticides India Q4 Review - Decent Show In Challenging Environment: 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.Insecticides India Ltd. reported revenue/Ebitda/profit after tax growth of 9%/18%/3% YoY. Revenue and Ebitda were in line with our estimates; however, profit after tax was lower than estimates were largely led by lower tax in the base quarter. Key highlights are: business-to-consumer/ business-to-business/exports contributed to 65%/26%/9% in FY22;better product mix coupled with price hikes in the recent past led to gross margins improvement of 40 basis points YoY to 31.6%;better gross margins coupled with lower opex has led to Ebitda margin expansion of 100 bps YoY to 12.2%;Insecticides India's Maharatna category grew 21% YoY to Rs 811 million in Q4;launched one new products in Q4; to launch five-six products in FY23E;capex of Rs 1.1 billion (Rs 420 million spent in FY22) well on track..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.

Insecticides India Q4 Review - Decent Show In Challenging Environment: Prabhudas Lilladher

Insecticides India Q4 Review - Decent Show In Challenging Environment: Prabhudas Lilladher

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