Q2 growth will depend on monsoon: MK Dhanuka, Dhanuka Agritech
  • WebDesk BTVI
  • Jul 22 2019

MK Dhanuka, MD of Dhanuka Agritech, talks about the company’s performance in Q1 and gives an outlook going ahead. He says the passed on the inventory of old prices helped improve margins in Q1, but adds that there was a decline of 64 bps in EBIDTA margin. He says the rain deficit will lead to delay in sowing, but he expects monsoon to improve and sowing to pick up going ahead. He says Q2 growth will depend on monsoon.