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HomePosts Tagged "M K Dhanuka"
Company News, Foodgrains, India, Sustainability

Dhanuka announces its entry into the agri-biological segment of crop care and crop nutrition products by launching BiologiQ

Dhanuka Agritech announced its entry into the agri-biological segment with the launch of its BiologiQ range of products. BiologiQ is a unique range of sustainable solutions developed with the fusion of traditional science and new-age agriculture practices.

 BiologiQ represents a broad category of crop protection, soil health, and plant nutrition products that are derived from nature. BiologiQ products can be used individually or in combination with conventional chemical products under an Integrated Pest & Nutrition Management (IPNM) plan to produce powerful results for the crop and the soil. BiologiQ portfolio supports the 4Rs – Resistance, Residue, Resurgence, and Soil Rejuvenation management with different action modes, resulting in increased crop yield and farm productivity.

Three introductory products in the BiologiQ range are Whiteaxe biological insecticide, Downil biological fungicide, and Sporenil biological wilticide.

Speaking about BiologiQ, M K Dhanuka, Managing Director of Dhanuka Group said, “We are launching three biological products Whiteaxe, Downil, and Spornil in the bio-agri segment. This segment is increasing globally, and we see good demand for these products in India as well. We hope that in times to come we will be introducing some more biological products in our BiologiQ range.”

‘’BiologiQ will help in filling the gaps that are currently being created by the use of chemical solutions alone. We have seen that our biological products when used alone or alternately with chemical solutions under an integrated plan can produce impactful results. It also helps in addressing resistance building among pests due to regular use of chemicals.’’ said Manoj Varshney, National Marketing Head of Dhanuka Agritech. 

Dhanuka Agritech further strengthened its herbicide portfolio by introducing two selective herbicides Implode and Mesotrax.

With these new introductions, Dhanuka Agritech is optimistic to strengthen its position in the crop care product segment. Dhanuka Agritech has a positive outlook for the agricultural sector in India for FY 2023-24 with new growth plans and a robust product pipeline. Dhanuka will be launching 2 to 3 new 9 (3) molecules for the first time in India. Apart from these, the company will also introduce 3 to 4 molecules under section 9 (4) or co-market them. Dhanuka’s growth story remains strong and consistent as we focus our efforts on serving the needs of Indian farmers.

Dhanuka announces its entry into the agri-biological

Agro chems – Chemicals, Company News, Finance, India, Institutions

Net profit up by 15.2% YoY

The leading agri input company, Dhanuka Agritech Ltd has announced financial results for the second quarter of FY 2022 has posted Rs 73.02 crore profit during July to September quarter, up by 15.22 per cent from the same quarter last year. The company earned Rs. 63.37 crore net profit in the same period of the previous year. Commenting on the Q2 performance, M K Dhanuka, Managing Director, Dhanuka Agritech said: “We have witnessed reasonable growth in the top line but faced pressure on our margins due to high raw material prices. While the prices of raw materials increased, we did not pass them on to the consumers, which has impacted our margins. Apart from this, the margins were impacted due to the depreciation of the Rupee Vs Dollar”.

“Uneven rainfall has also adversely impacted our top line and bottom line. While one-third area received excess rainfall, one-third area received deficit rainfall and only one-third area received normal rainfall. As a result, sowing was impacted and this in turn has impacted the growth of the industry,” he added,

“However, despite the global volatility, farmers received good returns for their produce as commodity prices remained high globally. This augurs well for the industry. Also, the monsoon recovered to a large extent towards the latter half, and accordingly, the soil has reasonable moisture and dams are full of water. Thus, we expect the Rabi sowing to be good. We are confident a good rabi season is likely to ensure a double-digit growth in the current fiscal,” added M K Dhanuka..

During the second quarter, the company brought three new products into the market Cornex, Zanet and Decide, which have been very well received by farmers. The company has set up the “Dhanuka Agritech Research and Technology Centre” at Palwal, Haryana equipped with all laboratory facilities and a training hall with a capacity of 100 farmers. The R&D centre will be inaugurated this month.

The company also launched a massive campaign in August – ‘India ka Pranam Har Kisan ke Naam’ — to honour and recognise the contribution of Indian farmers in nation-building and helping India become food secure.

Net profit up by 15.2% YoYThe leading