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Bayer CS registered an expansion of business in North America and Asia/Pacific.

The Bayer Group achieved substantial growth in the second quarter of 2022. “We delivered strong operational performance. In terms of sales, we posted significant gains at Crop Science and strong growth at Consumer Health, as well as a slight increase at Pharmaceuticals, too. And with EBITDA before special items, we even achieved growth of 30 percent,” said Werner Baumann, Chairman of the Board of Management, on Thursday while presenting the company’s half-year financial report. “In view of our good business performance and higher growth expectations, we have raised our full-year guidance,” he explained.

In the agricultural business (Crop Science), Bayer increased sales by 17.2 percent (Fx & portfolio adj.) to 6.461 billion euros, driven by a substantial improvement in the market environment. The division recorded double-digit percentage growth in Latin America and Europe/Middle East/Africa, and also registered an expansion of business in North America and Asia/Pacific. Herbicides posted the strongest growth, at 51.3 percent (Fx & portfolio adj.), with sales rising particularly in Latin and North America, as well as in Europe/Middle East/Africa as a result of prices for glyphosate-based products remaining high. Sales at Corn Seed & Traits advanced by 9.5 percent (Fx & portfolio adj.), mainly due to price increases in North America, Europe/Middle East/Africa and Latin America. In addition, volumes expanded in all regions except North America. Sales at Fungicides rose by 4.3 percent (Fx & portfolio adj.), with growth in all regions except North America, where volumes declined as a result of unfavorable weather conditions. Soybean Seed & Traits saw sales decline by 16.1 percent (Fx & portfolio adj.), largely due to the significant reduction in sales from overproduction in North America and the unit’s withdrawal from the Argentinian market.

EBITDA before special items at Crop Science climbed by 71.8 percent to 1.749 billion euros. The growth in earnings was mainly driven by the substantial improvement in business performance, as well as contributions from ongoing efficiency programs. There was also a positive currency effect of 215 million euros (Q2 2021: minus 111 million euros). By contrast, earnings were diminished by an increase in costs, particularly in the cost of goods sold, which was mainly due to high inflation. The EBITDA margin before special items rose by 6.8 percentage points to 27.1 percent.

Bayer CS registered an expansion of business

Better product realisations, favourable exchange rate, and higher volumes contributed to revenue growth in Q1 FY23.

Agrochemical major, UPL Ltd has reported financial results for the first quarter of FY23 (Apr-June 2022). Q1 FY23 revenue witnessed growth of 27 per cent YoY to reach Rs 10,821 crore, led by better product realizations (+18 per cent), favourable exchange rate (+3 per cent), and higher volumes (+6 per cent). Q1 FY23 EBITDA grew by 26 per cent YoY to Rs 2,342 crore as against Rs 1,862 crore in Q1 FY22.

Commenting on the performance, Jai Shroff, CEO – UPL Ltd., said “After a strong end to FY2022, we continued to see solid growth momentum in Q1 FY23, as the strong agri commodity prices drove significant uptick in price realizations as well as healthy demand from growers. The EBITDA margin remained largely intact despite the significant input cost inflation and a challenging macro-economic environment exacerbated by geopolitical issues. This was driven by proactive pricing actions coupled with efficient supply chain management that led to the strong top-line growth getting translated into robust operating profitability growth as well.

Powered by our OpenAg purpose, we continued to leverage collaboration as a catalyst for sustainable and lasting change. In partnership with the FIFA Foundation, we held the European launch of Gigaton Carbon Goal, a global initiative to sequester one billion metric tonnes of atmospheric carbon dioxide by 2040. And in Brazil, we announced a new agreement with Bunge to establish Orígeo, an innovative company providing end-to-end solutions to help increase farmer’s productivity, profitability and sustainability.

Moving on, as we look ahead to the rest of the year, we are well poised to continue our healthy growth momentum, as product realizations continue to remain strong, recent new launches continue to see good traction in the marketplace, and the overall demand outlook continues to be constructive.

Better product realisations, favourable exchange rate, and

BCSPL is equipped with NABL accredited State of the art labs to ensure quality control and quality analysis at each stage of material receiving.

A subsidiary company of Best Agrolife Ltd received an A- long-term rating from India’s top credit rating agency CARE Ratings. Strong parentage of Best Agro group along with its established track record of integrated operations, experienced management, diversified product portfolio, wide distribution network, the healthy operational performance marked by consistent growth in scale of operations, and improved profitability margins have helped the company in taking the commendable leap in the credit ratings.

Best Crop Science India Pvt Ltd (BCSPL), a part of Best Agro Group, was allotted a credit rating of A- by CARE Ratings on 21 July 2022. BCSPL was incorporated in August 2015. It is a wholly-owned subsidiary of Best Agrolife Ltd (BAL). BCSPL has a manufacturing unit in Gajraula, Uttar Pradesh with an installed capacity of 15,000 tons per year. One of the significant suppliers of agro-inputs the company manufactures Technical and Formulation Grade herbicides, insecticides, and fungicides. It is equipped with NABL accredited State of the art labs to ensure quality control and quality analysis at each stage of material receiving & various stages of the manufacturing process.

It is important to note that BAL had already got an A- credit rating in November 2021. Listed among the top 15 agrochemical companies in India, BAL is a research-based organization that serves the farmer community across the globe by bringing in world-class and cost-effective farm solutions in the form of novel agrochemical formulations. Supported by NABL accredited Labs, separate R&D synthesis & formulations, 3 world-class state-of-the-art manufacturing units, and over 600 happy employees, BAL is continuously working on developing highly effective solutions against the most critical farm issues being faced by farmers across the globe.

 The company offers more than 70 formulations of insecticides, herbicides, fungicides, and PGRs and retains an unrivalled portfolio of 360+ formulations and more than 80 technical manufacturing licenses. BAL’s domestic business has an extensive network which strengthens our penetration. The company has a distribution network of more than 3600 dealers and distributors and has 1500+ retail points across the country. BAL is now creating waves in the agricultural world with its new products Ronfen, Warden, Axeman, Reveal, and Tombo. The company recently started its business operations in the southern region of India.

BCSPL is equipped with NABL accredited State

The company has posted net profit / (loss) of Rs.22.6399 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.38.0630 crores for the period ended June 30, 2021.

Sharda Cropchem Limited has reported Consolidated financial results for the period ended June 30, 2022.The company has reported total income of Rs. 844.7811 crores during the period ended June 30, 2022 as compared to Rs 1437.1536 crores during the period ended March 31, 2022.The company has posted net profit / (loss) of Rs. 22.6399 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 176.9742 crores for the period ended March 31, 2022.

Financial Results (Q1 FY2023) – YoY Comparison

The company has reported total income of Rs 844.7811 crores during the period ended June 30, 2022 as compared to Rs 629.1410 crores during the period ended June 30, 2021.The company has posted net profit / (loss) of Rs.22.6399 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.38.0630 crores for the period ended June 30, 2021.

The company has reported EPS of Rs 2.51 for the period ended June 30, 2022 as compared to Rs.4.22 for the period ended June 30, 2021.

The company has posted net profit /

 Company witnessed a strong growth of 16.5 per cent in revenue on the back of 17.1 per cent growth in domestic crop care business and 51 per cent growth in exports.

Rallis India Limited, a TATA Enterprise and a leading player in the Indian Agri inputs industry announced its financial results for the first quarter of the financial year starting April 2022.

Announcing the results, Sanjiv Lal, Managing Director, and CEO, Rallis India said, “In Q1, we witnessed a strong growth of 16.5 per cent in revenue on the back of 17.1 per cent growth in domestic crop care business and 51 per cent growth in exports. However, we faced cost headwinds which affected our margins. In the seeds business, there were challenges of delayed monsoon and crop shifts. The revival of monsoons in July augurs well for agriculture.”

He also added that our long-term focus continues to be investing in growth through new product introduction, expanding our retail footprint and investing in flexible Multipurpose manufacturing plants for multiple chemistry capabilities required for our new product pipeline.

Key Highlights – Q1

The Company recorded revenues of ₹ 863 Cr for the quarter ending 30 June 2022, an increase of 16.5 per cent over PY of Rs 741 Cr. Profit before tax (before exceptional items) was at Rs 90 Cr as compared to PY of profit before tax (before exceptional item) of Rs 109 Cr and the Profit after tax (after exceptional items) was Rs 67 Cr, as compared to PY profit after tax (after exceptional item) of Rs 82 Cr.

Key Developments

With the announcement of CAPSTONE, Rallis India became the first company in India to introduce FENOXANIL

Launched 1 new herbicide for Cotton and Paddy crops each, 3 new Paddy hybrids and a Tomato hybrid

Received product registrations for ‘Daksh Plus’ – a Wheat herbicide – and ‘Clasto’ – a Cotton insecticide

 Company witnessed a strong growth of 16.5

Profit After Tax (PAT) for the Quarter ended March 31, 2022 stood at Rs 42.77 Cr and Rs 21.02 Cr respectively compared to Rs 35.21 Cr and ₹ 17.14 Cr in the corresponding period of previous year.

Indian agrochemical company NACL Industries Limited recorded remarkable growth numbers for both Q4 and FY 22.Total income for the Quarter ended March 31, 2022 is Rs 475.61 Cr, registering a growth of 41 per cent; Earnings Before Interest, Depreciation and Tax (EBIDT) and Profit After Tax (PAT) for the Quarter ended March 31, 2022 stood at Rs 42.77 Cr and Rs 21.02 Cr respectively compared to Rs 35.21 Cr and ₹ 17.14 Cr in the corresponding period of previous year.

Total income for the year ended March 31, 2022 is ₹ 1,656.56 Cr, registering a growth of 37 per cent; Earnings Before Interest, Depreciation and Tax (EBIDT) and Profit After Tax (PAT) for the year ended March 31, 2022 stood at ₹ 157.25 Cr and Rs 76.04 Cr respectively compared to Rs 128.06 Cr and Rs 50.29 Cr in the corresponding period of previous year.

Key Updates on Q4 2021-22

Exports grew significantly in Q4, with 85 per cent growth over the previous corresponding quarter. Overall business for the FY’ 2021-22 saw a YOY growth of 82 per cent. Strong relationships with MNCs, commercialization of new formulation registrations, and a focus on trading opportunities have contributed to this performance, despite the challenges posed due to disrupted supply schedules, raw material price volatility and logistic issues. The outlook for FY’23 looks promising, with both the existing products and commercialization of new registrations

Domestic retail business witnessed a growth of 37 per cent over the corresponding quarter of last year. This was mainly on account of significant growth in herbicides and introduction of new products in the market.  There was an overall growth of 20 per cent over the previous year in our domestic retail business facilitated by growth in volume and higher price realization, despite the challenging market conditions, on account of un-seasonal rains, exotic pests and changes in cropping patterns

While commenting on financial results, M. Pavan Kumar, MD & CEO, NACL said, “ We are delighted to share the heartening results achieved by NACL in Q4 2022, culminating in another record year for the Company. Despite significant macro level challenges such as supply chain disruptions and raw material price volatility, NACL remained resolute in its pursuit of desired outcomes. Thanks to the resolve of our team, we have been able to adapt, innovate and persevere.

This year is an important inflection point for the company, as we are poised to cross many new milestones on our growth journey. We continue to make substantial investments in our manufacturing capabilities, new products and processes, and pursuing several promising growth opportunities. As we embark on the next phase of our growth we reaffirm our commitment to customer centricity, productivity and sustainability, which have been the core principles in our quest to meet and exceed the expectations of our stakeholders.

Profit After Tax (PAT) for the Quarter

 The company has reported net profit of Rs. 5.69 crores for the period ended March 31, 2022.

Zuari Agro Chemicals has posted net profit of Rs.130.45 Crores for the Financial Year ended March 31, 2022 as against net loss of Rs. 157.08 crores for the Financial Year ended March 31, 2021.

The company has reported total income of Rs.3650.31 crores for the Financial Year ended March 31, 2022 as compared to Rs.2466.19 crores during the Financial Year ended March 31, 2021.

The company has posted net profit of Rs. 5.69 crores for the period ended March 31, 2022 as against net profit of Rs. 29.65 crores for the period ended December 31, 2021. The company posted net loss of Rs. 8.79 crores for the period ended March 31, 2021.

Zuari Agro Chemicals has reported total income of Rs. 925.96 crores during the period ended March 31, 2022 as compared to Rs. 968.13 crores during the period ended December 31, 2021. The company reported total income of Rs.686.23 crores during the period ended March 31, 2021.

 The company has reported net profit of

Profit After Tax also registered a robust growth of 51 % YoY at ₹ 38.16 Crores in comparison to ₹ 25.28 Crores reported in Q4 FY21

Best Agrolife Ltd has announced its financial results for Q4 FY22 in its Board of Directors meeting. The fastest-growing agrochemical company in India has reported robust financial results for the fourth quarter ended March 31, 2022 and for the full financial year 2021-22.

Commenting on the results, Managing Director of Best Agrolife Ltd (BAL), Vimal Alawadhi said, “Other than grabbing the registration for the indigenous manufacturing of a number of crucial technicals and pesticides we also bagged two major patents namely Ronfen and Shot Down. We registered remarkable income growth this year, and we closed it with good business momentum. We also started operations in our subsidiary Seedlings India Pvt Ltd plant and our acquired J&K-based unit Agrico which will definitely push the formulation segment and increase the brand business significantly. Overall, the company is in a strong position to utilize the future opportunities and is looking forward to explore the markets outside India in order to expand our global footprints. ”

“The company expects this trend to continue in FY2023. Our R&D team is coming up with a number of innovative and niche chemistry-led products in the coming year thus creating an extremely strong pipeline of business. Our newly launched high-precision products namely Ronfen, Warden, Reveal, Tombo, and Axeman will not only act as real differentiators from conventional crop solutions for farmers but create value for all our stakeholders by increasing the revenue significantly. With our focus on niche products, we are targeting a growth of around 30 per cent and an EBITA of more than 20 per cent in the coming year,”Vimal Alawadhi added further.

Consolidated Key Highlights-Q4 FY 22

The company recorded revenue of ₹ 309.35 Crores for the quarter ended 31 March 2022, a growth of 48.6 per cent YoY as against ₹ 208.13 Crores in Q4 FY21

EBITDA at ₹ 62.1 Crores grew significantly by 68.1% YoY as against ₹ 36.95 Crores in Q4 FY21; EBITDA margin for the quarter was at 20.07 per cent.

PBT was at ₹ 49.33 Crores, a growth of 42.4 % YoY over ₹34.65 Crores reported in the corresponding quarter previous year

PBT also registered a robust growth of 51 % YoY at ₹ 38.16 Crores in comparison to ₹ 25.28 Crores reported in Q4 FY21

Consolidated Key Highlights- FY 22

The company recorded revenue of ₹ 1210.79 Crores in FY22, a growth of 33.7 per cent as against ₹ 905.45 Crores in  FY21

EBITDA at ₹ 165.81 Crores grew significantly by 224 per cent as against ₹ 51.18 Crores in FY21; EBITDA margin for FY22 was at 13.69 per cent with respect to 5.65 per cent in FY21.

Profit After Tax also registered a robust

The company will soon start manufacturing Tombo at its state-of-the-art manufacturing site Best Crop Science Pvt. Ltd. Gajraula.

Best Agrolife Limited, one of the leading player in the Indian agrochemical industry, has been granted the registration for the indigenous manufacturing of Tembotrione technical 94 per cent u/s 9(4) by the Central Insecticides Board & Registration Committee in the 439th meeting. The company has a pivotal positioning in Rice and Soybean crops and this registration will help it in consolidating its portfolio in the herbicides segment further. The company has decided to launch its commercial formulation under the brand name ‘Tombo’ in early June, 22.

A new generation corn herbicide Tembotrione shows a fast efficacy in the control of weeds. It is a post-emergence herbicide that dissipates rapidly in the environment without causing any crop phytotoxicity. Tembotrione has a low rate of application per hectare and hence poses almost nil environmental risks. A product with a high level of crop tolerance Tembotrione assures higher grain yield and profitability.

Commenting on this new development Vimal Alawadhi, MD, Best Agrolife Ltd. said, “Corn demand in the domestic and global market is fast increasing as this cereal crop is highly sought as a staple food, animal, poultry feed, and for industrial uses. In the future corn will also contribute substantially to Methanol production. Till now, a Germany-based MNC is importing and distributing Tembotrione 34.45 per cent SC formulation in India. But this registration will help us to make it immediately available to the Indian farmers at a more competitive rate”

Best Agrolife Ltd. will soon start manufacturing Tombo at its state-of-the-art manufacturing site Best Crop Science Pvt. Ltd. Gajraula. Tombo has already aroused interest amongst leading peer companies including MNCs to market this product under licensing agreement. It will improve the company’s market share in corn cultivating states esp. Bihar, Eastern Uttar Pradesh, Maharashtra, Karnataka, Telangana and Andhra Pradesh.

The company will soon start manufacturing Tombo

Profit before tax (before exceptional items) stood at Rs 1,372.2 million as compared to profit before tax (before exceptional items) of Rs. 1,965.7 million in the prior-year quarter.

 BASF India Limited has registered sales of Rs 32,917.6 million for the third quarter, which ended on December 31, 2021, as compared to Rs. 25,065.4 million in the corresponding quarter of the previous year, representing a growth of 31 per cent.

The Company reported Profit before tax (before exceptional items) of Rs 1,372.2 million as compared to profit before tax (before exceptional items) of Rs. 1,965.7 million in the prior-year quarter.

“BASF registered a sales growth of 31 per cent over prior year quarter with a double digit growth in both volumes and prices. Supply chain disruptions in key customer industries such as the automotive sector impacted by chip shortages, caused challenges in demand. However gains in market position and new business secured through enhanced customer engagements enabled the company to overcompensate and grow volumes”, said Narayan Krishnamohan, Managing Director, BASF India Limited.

“Maintaining healthy margins and cost levels in an inflationary environment continues to be a priority for the company”, he added.

For the nine months ended on December 31, 2021, the Company registered sales of Rs. 97,101.7 million, as compared to Rs. 67,527.6 million for the corresponding period of the previous year, an increase of 44 per cent. Profit before tax (before exceptional items) stood at Rs 5,688.5 million for the nine months ended December 31, 2021, compared to profit before tax (before exceptional items) of Rs. 2,672.6 million for the corresponding period of the previous year.

Profit before tax (before exceptional items) stood

Farmers have started to realise the importance of adopting new technologies to increase their yield and reduce input cost. Rajesh Aggarwal, MD, Insecticides (India) gives an insight

For approximately 58 per cent of India’s population, agriculture is the primary source of income. It accounts for more than 20 per cent of India’s GDP, making it the backbone of the country’s economy. Over the last two decades, India’s rapid adoption of mobile phones has aided in closing the agricultural productivity gap and facilitating technology adoption. In terms of overcoming supply chain challenges and increasing yield, income, and sustainability, technology has proven to be a great enabler. Technology in agriculture aids farmers in gaining access to markets, inputs, data, advice, credit, and insurance, allowing them to make more profitable agricultural decisions.

As lockdown and covid posed challenges, farmers started adopting technology on a greater scale. COVID-19 paved the way for the advancement of digital technology in all sectors and farming was no exception, accelerating growth by ensuring higher crop yields and improving sustainability by reducing water consumption and promoting the judicious use of agrochemicals.

Farmers have started to now realise the importance of adopting new technologies to increase their yield and reduce the input cost. Tech-savvy farmers are now earning more than they used to. As a result, after the initial hiccups caused by the COVID-19 pandemic, India’s agri technology sector has emerged as one of the fastest-growing sectors in India.

Leveraging technology to help farmers

Since the beginning of the COVID-19 pandemic, digital agriculture tools have enabled farmers to continue receiving advisory, obtain much-needed financing, receive farm inputs, and identify new markets for their products. Agritech companies are helping farmers to stay connected and thrive. The companies can remove the middlemen, allowing farmers to sell their produce directly to consumers online. Agritech start-ups in the country received $300 million in investments in 2020, and the industry is expected to grow at a CAGR of 32 per cent from FY20 to FY25. Using technology in agriculture accelerates the process and ensures a positive impact on the environment as well as a long-term, profitable future that meets the demand for food.

 Rise of the digital era in farming

Artificial Intelligence (AI), Machine Learning (ML), remote sensing, Big Data, Blockchain, and the Internet of Things (IoT) are transforming agricultural value chains and modernising operations. While several countries, including the Netherlands, the US, Australia, and Israel have successfully adopted and exploited digital solutions to revolutionize agriculture, India is still in its early stages. The Public-Private Partnership (PPP) model will foster the adoption of digital agriculture in India. 

For example, a project led by the International Food Policy Research Institute (IFPRI) and supported by the Digital Credit Observatory (DCO) and the Consultative Group on International Agricultural Research (CGIAR), used satellite images and smartphone pictures collected from farmers to generate credit scores that could be used to extend loans to farmers without an on-site visit.

During the pandemic, many agritech providers adapted digital agriculture solutions to include e-commerce realising that finding markets for their products had become a pressing concern for farmers. In some cases, these e-commerce capabilities are as simple as connecting buyers and sellers via messaging or social media platforms such as WhatsApp, Facebook, or Twitter. Agri companies have enhanced their digital initiatives by providing help through apps and call centres.

The Ministry of Agriculture’s app Kisan Rath came in handy in response to transportation restrictions and mandi (market) closures that impacted farmers across India. The app, which runs on Android, is similar to Uber in that it connects farmers and traders with transportation companies. Farmers upload information about the crop’s volume and destination. Owners of trucks can then agree to transport that volume to the correct location. Despite some early glitches, the app registered over 80,000 farmers and 70,000 traders in the first week of operation, indicating that there is a demand for this type of service.

The National Agriculture Market (eNAM), a pan-India electronic trading portal that connects the existing APMC mandis to create a unified national market for agricultural commodities, is one of the many initiatives launched by the government. The Digital Agriculture Mission 2021–2025 is another initiative that aims to support and accelerate projects based on new technologies such as artificial intelligence, blockchain, remote sensing and GIS technology, and the use of drones and robots. The Jio Agri (JioKrishi) platform, which was launched in February 2020, digitises the agricultural ecosystem throughout the value chain to empower farmers. The DBT Agri Portal, which was launched in January 2013, is a centralised portal for agricultural schemes across the country. Through government subsidies, the portal assists farmers in adopting modern farm machinery.

The future

The government has approved the spray of agrochemicals via drones, and trials are already underway by institutes and companies. Drones are currently being tested for use in the cotton-growing region along with other crops of the country to spray pesticides to control pests that would otherwise be treated by agricultural labourers, which takes a long time and does not always result in uniform spraying. They not only reduce the risk of unintentional fume inhalation but also speed up the pest control process by covering larger areas in less time. The main advantage of using a drone is that it uses less water and pesticide and allows for more precision during the application process. Pesticide companies are required to submit phytotoxicity studies under the directives issued by the government. This will significantly contribute to research, leading to increased productivity in the coming years. Though commercialisation will take some time, it is encouraging that the government is moving in this new direction.

Among other technologies, remote sensing, soil sensors, unmanned aerial surveying, and market insights enable farmers to gather, visualise, and assess crop and soil health conditions at various stages of production conveniently and cost-effectively. They can act as an early warning system, identifying potential issues and providing solutions to address them as soon as possible. AI/ML algorithms can generate real-time actionable insights to help farmers improve crop yield, control pests, assist in soil screening, provide farmers with actionable data, and reduce their workload. Blockchain technology enables tamper-proof and precise farm and inventory data, as well as quick and secure transactions for the farmers. Hence, they are no longer reliant on paperwork or files to record and store critical data. More such state-of-the-art technologies will continue to be valuable tools for connecting with farmers next year too. The year 2022 will be a year of innovations that will greatly benefit the agricultural sector. 

Despite all technological advancements taking place only a handful of farmers are being benefitted by the same, a large number of farmers are still far away from the same due to numerous reasons, again the role of education and training becomes pivotal for the farmers which requires a joint effort by the government agencies and the industry. 

Farmers have started to realise the importance