Midcaps Q2 Results Preview - Steady Demand But Realisation Yet To Catch Up: Systematix

Systematix Research Report

Specialty chemicals - Moderate recovery on the horizon

We anticipate moderate recovery for companies under our coverage in Q2 FY25 and project 15% YoY rise in revenue with marginal 1% QoQ decline. A confluence of factors such as gradual improvement in demand, stabilizing input costs, and a favorable base underpin the YoY growth.

An abundant monsoon in 2024, with plentiful rainfall and elevated reservoir levels, has set the stage for a promising rabisowing season. Improved soil moisture with water availability creates favorable conditions for robust crop growth.

Consequently, a surge in agricultural activity could push the demand for agrochemicals and boost portfolios of specialty chemical companies operating in the domestic market, in our view.

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