• Q3FY20 top line of agri-input companies to report strong growth. This will be driven by a good start to the rabi season ( healthy water storage) coupled with weak base of Q3FY19.
• EBITDA margin is estimated to rise about 80bps YoY.
• On the global front, PI’s CSM business growth to moderate on account of high base of Q3FY19. Latin America is expected to remain key growth driver for UPL. Similarly, in the fertiliser space, favourable climatic conditions are likely to result in strong volume growth.
• Preferred Picks: Coromandel International and Dhanuka Agritech.
Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.
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