Sugar Sector Q1 Earnings Preview - Stable Domestic Demand Coupled With Firm Prices: Centrum Broking

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..Centrum Broking Report.SSY22 is expected to be a year of records on all counts – production (36 million metric tonne), exports (~10 mmt) and diversion to ethanol (3.4 mmt). We are expected to end the season with inventories of 6-7 mmt (second lowest in last decade) ~ three months of domestic consumption. For Q1 FY23, volumes are expected to be flattish for our coverage universe (Balrampur Chini Mills Ltd. and Triveni Engineering and Industries Ltd.) given the quota allotted - flattish sugar production for Uttar Pradesh. On realisations front, sugar prices are expected to be higher on YoY basis by ~5% to Rs 35,000/tonne but flattish on QoQ basis..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.

Sugar Sector Q1 Earnings Preview - Stable Domestic Demand Coupled With Firm Prices: Centrum Broking

Sugar Sector Q1 Earnings Preview - Stable Domestic Demand Coupled With Firm Prices: Centrum Broking

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