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HDFC Securities Institutional Equities
Revenue for our coverage universe is likely to improve by 8% QoQ while it could fall by 3.8% YoY in Q4. Prices of the chemical are showing a mixed bag on a sequential basis.
As per management, the domestic inventory destocking is over while global inventory destocking will continue for the next two quarters. Ebitda could improve by 16% on QoQ but could fall by 18% YoY.
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Also Read: Consumer Sector Q4 Results Preview - Demand Trends Are Yet To See A Major Revival: DRChoksey
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