Agrochemicals company Rallis India announced Q1FY25 results: Business Highlights: Successful Key New Products launches: Crop Protection: Mark Plus (Diclosulam 0.9% + Pendimethalin 35% SE), 9(3) Herbicide for Soybean and Groundnut Clifton (Mesotrione 2.27%+Atrazine 22.7% SC), Herbicide for Maize and Sugarcane Kevat (Pyrithiobac Sodium 10 % EC), Herbicide for Cotton Blend (Bifenthrin 10% + Thiamethoxam 5% SE), Insecticide for multiple crops Crop Nutrition: Aquafert Pomegranate Grade Water Soluble Fertiliser Seeds: 14 products across field and vegetable crops “Dhaan ka power play" campaign launched to educate farmers of Punjab and Haryana about key Paddy products. Announcing the results, Gyanendra Shukla, Managing Director & CEO, Rallis India, said, “The agrochemical Industry continues to face growth challenges due to muted price arising from oversupplies. Domestic demand is looking positive with monsoon arrival and pickup. Our revenue for Q1FY25 was at Rs 783 crore at par with Rs 782 crore of Q1FY24, Profit after tax was Rs 48 crore, as compared to Rs 63 crore of Q1FY24. Crop care delivered strong volume led revenue growth of 8%. Seeds revenue was down by 16% vs PY largely due to supply constraints. Despite market challenges, concerted actions were taken to drive margins through better product mix and dynamic pricing. We are pleased with the progress of our new launch of “Clasto” in Crop Protection and “Diggaz” in Cotton Seeds. Water Soluble Fertilizers (WSF) plant was commissioned during the quarter to support the Crop Nutrition Business. We remain cautious about the export market and expect a gradual recovery during the year. Sentiments for the domestic market are positive with the recent monsoon pick-up. On a long-term basis, Customer Centricity will remain a key thrust and we will continue to offer differentiated solutions to solve varying farmer needs. We will further intensify our efforts to build capabilities in Manufacturing, Digitalization and leverage Collaborations and Alliances”. Result PDF
Agrochemicals company Rallis India announced Q4FY24 & FY24 results: Financial Highlights: Revenue: Reported at Rs 2,648 crore in FY24, registering a decrease of 11% compared to the previous year. Profit After Tax (PAT): Rs 148 crore, showing a significant increase from Rs 92 crore in FY23. Dividend:Board recommends a dividend of Rs 2.5 per equity share. Seeds Revenue: Grew by 21%, achieving a break-even profit. Exports Business: Declined by 35% due to geopolitical unrest and ongoing de-stocking. Innovation: Innovation turnover index improved to 16% in FY24. Product Portfolio: Three new products in the Crop nutrition portfolio launched in Q4FY24. Result PDF
Conference Call with Rallis India Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.