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HomePosts Tagged "Dr Gyanendra Shukla"
Agribusiness, Agro chems – Chemicals, Company News, Finance, India

Company’s Profit after Tax increased by 21 per cent to reach Rs 98 Crore Domestic Crop Care delivered volume led revenue growth of 11 per cent with prices impacting overall realisation.

Rallis India Limited (A TATA Enterprise) is a leading player in the Indian agri inputs industry, have announced its financial results for the quarter and half year ended September 30, 2024.

Announcing the results, Dr Gyanendra Shukla, Managing Director & CEO, Rallis India Limited, said, “Strong domestic demand with above normal monsoon and better commodity prices. Volume recovery in international market although pricing continues to be muted”.

We had a strong Q2’ FY25 performance helped by double digit growth in the domestic market, both in the Crop Care and Seeds business. Revenue increased by 11 per cent to reach Rs 928 Cr and Profit after Tax increased by 21 per cent to reach Rs 98 Crore Domestic Crop Care delivered volume led revenue growth of 11 per cent with prices impacting overall realization. Seeds revenue was up by 48 per cent due to better Kharif liquidation. International business had volume recovery though prices continue to be a challenge.

Our efforts will continue to be directed towards improving market share in domestic business. We remain positive for the upcoming Rabi season with higher reservoir water levels. Hybrid Seeds Production acres and cost continues to be a concern. Customer and product base expansion will remain a focus for international business.

On a long-term basis, Customer Centricity will be 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 Digital and leverage Collaborations and Alliances”.

Key Developments: Q2 FY25

Crop Nutrition: Aquafert Banana Grade (Water Soluble Fertilizer), Consorich N, P,K (Bio-fertilizer)

Seeds: 3 products across vegetable crops

Successful completion of pilot-scale production of pre-commercial quantities of Flavocide®, novel insecticide for Bio-Gene Technology Limited (‘Bio-Gene’), an Australian company

Launched “Anubandh Edge”, a unified digital platform designed for enhanced engagement with our Retailers across both Crop care and Seeds businesses

Company’s Profit after Tax increased by 21

Agribusiness, Agro chems – Fertilizers, Company News, India, Inputs

The Company aims to become one of the top three players in the customised WSF business in India by FY28.

Rallis India Limited, a Tata enterprise and a leading player in the Indian Agri inputs industry, announced the establishment of an automated 8000 Metric Ton WSF plant in Akola, Maharashtra. This strategic initiative underscores Rallis’ commitment to innovation, enhancing farm productivity and advancing sustainable agriculture practices.

Commenting on the inauguration of the WSF plant, Dr Gyanendra Shukla, Managing Director & CEO of Rallis, said, “Water-soluble fertiliser forms a crucial element within the ‘Integrated Plant Nutrient Management System’, a sustainable approach to comprehensive and balanced crop nutrition. This has also been confirmed through extensive research over several decades. WSF products are tailored for both foliar and fertigation applications. These products will play a pivotal role in improving soil health, enhancing nutrients uptake and promoting balanced crop nutrition.

Rallis’ investment in WSF plant reflects its commitment towards technological advancement and improvement in operational efficiencies. The Company aims to become one of the top three players in the customised WSF business in India by FY28.

The Company aims to become one of

Agribusiness, Agro chems – Chemicals, Company News, Finance, India, Seeds

Company registered Rs 148 Crores Profit After Tax in FY24 is compared to Rs 92 Crores for FY 23.

Rallis India Limited, a TATA Enterprise and a leading player in the Indian agri inputs industry announced its financial results for the fourth quarter of the financial year ending March 2024.

Announcing the results, Dr Gyanendra Shukla, Managing Director & CEO, Rallis India Limited, said, “FY24 PAT is Rs 148 Crores compared to Rs 92 Crores for FY 23. Company reported FY 24 revenue at Rs 2648 Crores, lower by 11 per cent over the previous year in the backdrop of continuing challenges in the exports demand and low agro-chemical prices. Positive low single digit volume growth in our Domestic Formulation business. Seeds revenue grew 21 per cent and delivered break-even profit. This was driven by the superior performance of our Cotton hybrids viz. Diggaz and Aatish Express. Our Innovation turnover index has also improved to 16 per cent in FY24.

Exports business declined by 35 per cent and the market continues to be under pressure due to Geo-political unrest and continuing de-stocking.

On a long-term basis, we remain focused on improving our market position through superior product offerings to solve farmer needs. We will continue our investment behind marketing, manufacturing, and digitization capabilities to build differentiation.”

Key Developments

Company has begun the work on new “Rallis Science and Technology Centre (RSTC)” to augment innovation capabilities

Continued its focus on refreshing its Domestic crop care portfolio and launched 3 new products in Crop nutrition portfolio in Q4FY24

Rallis was conferred with Significant adoption award for best in class by Tata Affirmative Action Programme (TAAP)

Rallis has been honoured with the Award of Merit at 1st edition of the CII National Awards for Artificial Intelligence (AI) 2023 for its AI based crop weather monitoring platform ‘Drishti’

Rallis is recognized as “Kincentric Best Employer” 2023 as one of India`s top 16 companies.

Company registered Rs 148 Crores Profit After

Agribusiness, Company News, India, Inputs, People

Dr Gyanendra Shukla, an experienced agri professional in the Crop Protection and Seed Sector, possesses more than 34 years of leadership experience across India, Asia-Pacific, and Africa.

The Board of Directors of Rallis India Ltd, a leading agri-inputs company, has appointed Dr Gyanendra Shukla as Managing Director & Chief Executive Officer of the company for a period of five years with effect from April 1, 2024. He will take over from Sanjiv Lal on completion of his term on March 31, 2024.

Dr Gyanendra Shukla, an experienced agri professional in the Crop Protection and Seed Sector, possesses more than 34 years of leadership experience across India, Asia-Pacific, and Africa. Over the course of his career, he has held numerous senior positions in Commercial, Sales, Corporate Affairs, Technology Development, and Regulatory Affairs. Notably, he served in various global leadership roles at Monsanto for over two decades.

Rallis will continue its transformational journey of serving farmers through science. Rallis will pursue expansion and scale-up of its product portfolio by strengthening its existing customer partnerships and building new ones with global agrochemical companies to advance the cause of sustainable agriculture.

Dr Gyanendra Shukla, an experienced agri professional