Rallis India Limited (A TATA Enterprise) a leading player in the Indian agri inputs industry announced its financial results for the third quarter and nine months ended 31 December 2024
Against the backdrop of fierce market rivalry, domestic businesses saw volume increase Tata Rallis has acquired 13 per cent growth in the Biologicals & Specialty Solutions company. Revenue from Seeds’ business was Rs 30 Cr, compared to Rs 32 Cr in Q3 of this year. The export industry continues to face challenges, as evidenced by a 38 per cent decline in growth, a 13 per cent decline in overall revenue, and a decline in profitability.
The company focus will be on increasing our market share in the domestic market, which is supported by the expanding Seeds, Herbicides, and Biologicals & Specialty solutions areas. To meet the various demands of farmers, we have planned the introduction of new, unique products. The employees at Seeds Division are preparing for the forthcoming Kharif season. Additionally, Rallis is nearing the end of the commercialization process for a novel active component called Metalaxyl-M, and we are optimistic about the product’s long-term prospects for both domestic and foreign markets. The organization plans to step up our efforts to grow our clientele and strengthen our strategic alliances. The company has started taking steps to update the personnel pool in strategic roles and has been working to greatly increase interaction with farmers who are sleeping on the digital platform.
Key Development for Q3 FY25 include new customer partnerships with Global majors and Indian Companies and successful technology transfer and commercial trial of CSM product. Rallis India was conferred FICCI award under ″Green Process″ category for promoting sustainability through circular economy and award for ″Best Zero Waste Initiative″ in CII-SR Industrial Water & Waste Management Competition 2024. In line with organizational commitments to Tata Group’s flagship ″Project Aalingana″, the Board has approved the investment in Solar Power which will reduce electricity costs and carbon footprint.
