In Q1 FY24 company posted Profit after tax was Rs 48 Cr, as compared to Rs 63 Cr of Q1 FY24. Crop care delivered strong volume led revenue growth of 8 per cent.
Rallis India Limited (A TATA Enterprise) is a leading player in the Indian agri inputs industry announced its financial results for the quarter ended June 30, 2024. Announcing the results, Dr Gyanendra Shukla, Managing Director & CEO, Rallis India Limited, 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 Q1 FY25 was at Rs 783 Cr at par with Rs 782 Cr of Q1 FY24, Profit after tax was Rs 48 Cr, as compared to Rs 63 Cr of Q1 PY. Crop care delivered strong volume led revenue growth of 8 per cent. Seeds revenue was down by 16 per cent 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”.
Key Developments: Q1 FY25
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.
