Navigating near term headwinds; diversified growth levers outlook Despite a weak seasonal quarter and adverse Rabi conditions, Rallis India reported a sharp YoY improvement in profitability, aided by a better mix across CSM, exports and seeds. While near-term margins remain impacted by inventory liquidation and input cost pressures, management indicated that margin stress is likely past its peak, supported by normalized channel inventories and an industry shift towards a seller's market, enabling passthrough of 1525% cost inflation. Despite weather-related uncertainties, the company remains well positioned to benefit from farmer down-trading towards cost-effective offerings, given its strong generic's portfolio....