Q2FY22 Result Preview - Chemicals - ICICI Direct

Posted On : 2021-10-18 12:04:13( TIMEZONE : IST )

Q2FY22 Result Preview - Chemicals - ICICI Direct

We expect a positive impact of higher crude oil prices (10% increase QoQ) on realisations of most chemical players, which should mitigate margin pressure (raw materials tracking crude prices). This, in a way, could provide better spread and, thus, a better operational performance for most players. Prices are also tracking the recent power curbs in China (aggravated in September). This could provide additional impetus for better realisation growth for a majority of the players.

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Source : Equity Bulls


Chemicals ICICIDirect Q2FY22 ResultPreview