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Company News, Sustainability, World

The report is based on a study conducted over the first 18 months of the income accelerator program, in which a sample of 2,000 households spanning 28 cooperatives in Côte d’Ivoire were examined

Nestlé’s income accelerator program is helping cocoa farmers substantially improve cocoa productivity as well as increase their net income, according to a report published by KIT Institute. The report states that high-quality pruning of income accelerator cocoa farms contributed to a 32 per cent increase in cocoa yields. The total net income of income accelerator households rose by 38 per cent, resulting in a higher proportion of these households achieving a living income.

The report is based on a study conducted over the first 18 months of the income accelerator program, in which a sample of 2,000 households spanning 28 cooperatives in Côte d’Ivoire were examined.

The study additionally found that Nestlé’s program has effectively mitigated diseases and pests on farms, thanks to the implementation of good agricultural practices. The program has facilitated income diversification, promoted financial access and positively influenced women’s empowerment and child schooling rates. School enrollment is a key focus area of the income accelerator program, and the proportion of children attending school increased by 10 per cent points (vs. 5 per cent points in the comparison group). 

Furthermore, there has been a remarkable surge in the proportion of households investing in small businesses, such as agro-processing, boutiques, barbershops or soap-making. The increase is more than double, rising from 21 per cent in 2022 to 55 per cent in 2023. At the time of the study, these activities were still in an exploratory phase and had not yet generated significant income changes.

The report is based on a study

AgroPolicy, India

PM Modi works on an action plan to end inequality in the country 

The Union Minister for Agriculture and Farmers Welfare, Narendra Singh Tomar during the 8th General Meeting in Pune said that the Government of India, under the leadership of Prime Minister Narendra Modi, is working towards the development of villages-the poor and farmers, making their lives better.

Tomar said that in 2015 the Prime Minister had said that farmers’ income should be doubled. Towards this goal, the Central and State governments, along with FPOs and all other organisations related to Agriculture, worked together, which is benefiting the farmers of the country today. The income of lakhs of farmers has increased from more than double to five to ten times, and for the first time in the country a scheme has been launched which accords dignity to the farmers. 

He said that the government has set up the Agri Infra Fund worth IRs one lakh crore to boost agricultural infrastructure. Besides, packages worth Rs 1.5 lakh crore have been rolled out for Agriculture and allied works in the villages. Projects worth INR 14,000 crores has already been approved from under the Agri Infra Fund. 

The benefits will start percolating to the farmers in the coming days.  Tomar said that there are 86 percent small farmers in the country; in order to empower them 10,000 new FPOs are being constituted. The government is trying to provide all the necessary facilities to the farmers.

PM Modi works on an action plan

Agrotech, India

At the recently held AgriTech Summit, Narendra Singh Tomar, Union Minister of Agriculture & Farmer Welfare emphasised that agriculture is a very important sector for our country and we accept the primacy of agriculture. In this regard, work is being done in the direction of its progress, changes in it, inclusion of policies, cooperation, etc. There are 86 per cent small farmers in the country, who have small acreage and cannot invest much. The government is working to take these farmers forward, without whom neither agriculture nor the country will progress.

The government has started the work of creating 10,000 new FPOs. Of these, 3,000 have become FPOs. If small farmers join these FPOs, then the area under cultivation increases, the collective power of the farmer’s increases. If there is only one type of farming, then production will increase and farmers will be able to get good price. This effort is being made to increase the income of the farmers. Tomar added, “The government is also working in the field of pulses and oilseeds. Both were areas of scarcity. Farmers have ventured into pulses and have made huge leaps in production. There is still a gap in oilseeds, for which the government is working on the oilseed mission”.

He also said that there is a need to deal with the challenges of the agriculture sector, how technology should be introduced in it, how to increase the availability of private investment, how to create employment opportunities. Talking about technology in the agriculture sector, Tomar said that the government is working on Digital Agri Mission so that the farmers can reach the government and the government can reach all the farmers. If transparency will increase through technology, then all the farmers will be able to get the full benefits of all the schemes. 

At the recently held AgriTech Summit, Narendra

Agrotech, India

At the recently held Centre-State Science Conclave in Ahmedabad experts discussed plausible technological interventions for processing, product development, sustainability, and export orientation that could improve farmers’ income.

A need for adaptation of technologies like ICAR-FUSICONT technology for medium and high-density plantations to bridge the yield gap, increase productivity, and collaboration to expand the online market places is needed. 

The expert panellists at the agriculture session of the conclave organized by the Department of Science & Technology, deliberated on challenges and their plausible solutions for improving agricultural income. 

At the recently held Centre-State Science Conclave

Agro chems – Chemicals, Finance

Net profit declined by 45 per cent to reach Rs 243.57 crores in the same quarter

Chambal Fertilisers and Chemicals has reported a 101 per cent growth in total income at Rs 3331.67 crores in Q4FY22 as compared to Rs 1656.01 crores in the same period in Q4FY21.

However, the company’s net profit declined by 45 per cent to reach Rs 243.57 crores in Q4FY22 versus Rs 447.89 crores for the period ended March 31, 2021.

EPS for the fourth quarter dropped by 45 per cent to reach Rs 5.85 as compared to Rs.10.76 for the period ended March 31, 2021.

The company’s board has recommended a final dividend of Rs 3.00 (i.e. 30 per cent) per equity share of Rs 10 each.

For FY22, the company’s total income grew 26 per cent to reach Rs 16136.83 crores as compared to Rs 12766.38 crores during the Financial Year ended March 31, 2021.

The full-year net profit dropped by 5 per cent to reach Rs 1565.98 crores in FY22 as against Rs 1654.76 crores for the financial year ended March 31, 2021.

The company has reported EPS of Rs 37.62 for the financial year ended March 31, 2022, as compared to Rs 39.76 for the financial year ended March 31, 2021.

Net profit declined by 45 per cent

Agro chems – Chemicals, Finance

The company has reported a total income of Rs 1437.15 crores during the period ended March 31, 2022

Mumbai-based Sharda Cropchem posted a net profit of Rs 176.97 crores for the period ended March 31, 2022, as against a net profit of Rs 102.19 crores for the period ended December 31, 2021. It posted a net profit of Rs 133.91 crores for the period ended March 31, 2021.

The company has reported a total income of Rs 1437.15 crores during the period ended March 31, 2022, as compared to Rs 886.71 crores during the period ended December 31, 2021. It reported a total income of Rs 1104.89 crores during the period ended March 31, 2021.

For the year ending FY2022, the company has reported a total income of Rs 3608.64 crores as compared to Rs 2441.54 crores in the previous year. The company has posted a net profit of Rs 349.25 crores for the March 31, 2022 quarter as against a net profit of Rs 229.17 crores for the same quarter.

The company has reported a total income

Company News, Finance

The EBITDA for Q4 was Rs 272 crore registering an increase of 20 per cent over Q4 of previous year

The Board of Directors of Coromandel International has approved the financial results of the company for the quarter and year ended March 31, 2022. The Board had declared an interim dividend of Rs 6.00 per share in February 2022 and was paid to the shareholders in March 2022. The board has now recommended a final dividend of Rs 6 per share for the financial year 2021-22.

The total income in Q4 was at Rs 4,294 crore compared to Rs 2,860 crore of same period previous year, registering a growth of 50 per cent over previous year. The EBITDA for Q4 was Rs 272 crore registering an increase of 20 per cent over Q4 of previous year. The PAT for Q4 was Rs 183 crore vs Rs 156 crore in Q4 of previous year registering a y/y growth of 17 per cent. The total income for the year ended March 31, 2022 was Rs 19,231 crore compared to Rs 14,231 crore of same period previous year, registering a growth of 35 per cent over previous year. The EBITDA for FY 21-22 was Rs 2,036 crore vs Rs 1,970 crore in previous year, registering an increase of 3 per cent over the previous year. The PAT for FY 21-22 was Rs 1,412 crore vs Rs 1,313 crore of the previous year registering a y/y growth of 8 per cent.

The EBITDA for Q4 was Rs 272 crore registering

Agro chems – Pesticides, Finance

The company has reported a total income of Rs 100.57 Cr

AIMCO Pesticides has posted a net profit of Rs 4.28 crores for the quarter ended December 31, 2021, as against a net profit of Rs 2.70 crores for the quarter ended September 30, 2021. The company has posted a net profit of Rs 1.14 crores for the quarter ended December 31, 2020.

AIMCO Pesticides has reported a total income of Rs 100.57 crores during the quarter ended December 31, 2021, as compared to Rs 80.44 crores during the quarter ended September 30, 2021. The company has reported a total income of Rs 38.22 crores during the quarter ended December 31, 2020.

For the nine months ended December 31, 2021, AIMCO Pesticides has reported a total income of Rs.235.72 crores as compared to Rs.131.64 crores during the nine months ended December 31, 2020.

The company has posted a net profit of Rs 8.03 crores for the nine months ended December 31, 2021, as against a net profit of Rs 3.87 crores for the nine months ended December 31, 2020.

The company has reported a total income