Kaveri Seed Q4 Review - Higher Cotton Seed Revenue With Rising Cotton Prices, Acreage: ICICI Securities

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..ICICI Securities Report.Highlights of Kaveri Seed Company Ltd.'s Q4 FY22 results:non-cotton portfolio i.e. hybrid rice seeds, maize seeds, and vegetable seeds reported 29.5%, down 7.7%, and 18% YoY revenue growth in FY22, respectively,cotton business reported revenue steep decline of 23% in FY22 with volume decline of 24.3% andKaveri Seed continues to increase the contribution from new products. Sales of cotton seeds were affected by a likely increase in usage of counterfeit/ illegal seeds and reduction in acreage. We increase our FY22-23 earnings estimates due to strong performance in March 2022 and expectations of higher revenue growth. We model Kaveri Seed to report revenue and profit after tax compound annual growth rate of 15.4% and 39.1%, respectively, over FY22-24E..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.

Kaveri Seed Q4 Review - Higher Cotton Seed Revenue With Rising Cotton Prices, Acreage: ICICI Securities

Kaveri Seed Q4 Review - Higher Cotton Seed Revenue With Rising Cotton Prices, Acreage: ICICI Securities

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