Rossari Biotech Q1 Results Review - Steady Performance: ICICI Securities

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Rossari Biotech Ltd.'s Q1 FY25 HPPC revenue growth (+21% YoY) was led by both agro and non-agro segments, including institutional business. Textile segment revenue grew by a healthy 21% YoY driven by strong off-take in volumes, but animal health and nutrition continues to struggle with revenue decline of 5.3% YoY. Its gross profit margin improved by 190 basis points QoQ, but Ebitda margin dipped 20bp QoQ to 13.3%, restricting Ebitda growth to just 12.4%. Rossari has been investing in manpower which may continue for another two years as it expands businesses. Its other expenses have also grown due to higher freight, travel and maintenance costs. We keep our EPS estimates unchanged, but increase our target price to Rs 885 (versus Rs 810) as we increase price/earnings multiple to 25 times (versus 23 times). Maintain Add..Click on the attachment to read the full report:.MRPL Shares Tumble Over 12% In Five Sessions After Q1 Net Profit Nearly Halves.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Rossari Biotech Q1 Results Review - Steady Performance: ICICI Securities

The brokerage keeps its EPS estimates unchanged, but increase target price to Rs 885, maintains Add.

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Rossari Biotech Q1 Results Review - Steady Performance: ICICI Securities

The brokerage keeps its EPS estimates unchanged, but increase target price to Rs 885, maintains Add.

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