Specialty Chemicals Q2 Results Preview


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. 

KRChoksey Research Report

We believe that Indian chemical companies will continue to grow and thus retain our positive outlook. This would be on account of healthy order flow and respectable development potential in the upcoming years.

Stronger export demand and great potential for the sector as a whole are shown by the spike in demand led by end-user industries.

Our chemical basket companies are well-positioned to take advantage of these possibilities, hence we estimate that the companies will end up achieving considerable topline growth in Q2 FY23 as a consequence of growing volume growth and improved realisations.

Most of the other companies from our coverage universe have achieved targets for which we will review our targets and ratings post detailed Q2 FY23 results analysis and conference calls. Overall, the specialty chemicals industry is likely to continue performing well in the medium term. Keeping this in perspective, we recommend an overweight stance on the sector.

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