🎄🌟 🎉 Wishing our readers a Merry Christmas and a Happy New Year filled with new possibilities! 🎄🌟 🎉
Connect with:
Tuesday / December 24. 2024

logo
mobile-logo
HomePosts Tagged "Rallis India Limited"
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 – Chemicals, Company News, Finance, India, Inputs

 In Q1 FY24 company posted Profit after tax was Rs 48 Cr, as compared to Rs 63 Cr of Q1 FY24. Crop care delivered strong volume led revenue growth of 8 per cent.

Rallis India Limited (A TATA Enterprise) is a leading player in the Indian agri inputs industry announced its financial results for the quarter ended June 30, 2024. Announcing the results, Dr Gyanendra Shukla, Managing Director & CEO, Rallis India Limited, said, “The agrochemical Industry continues to face growth challenges due to muted price arising from oversupplies. Domestic demand is looking positive with monsoon arrival and pickup.

Our revenue for Q1 FY25 was at Rs 783 Cr at par with Rs 782 Cr of Q1 FY24, Profit after tax was Rs 48 Cr, as compared to Rs 63 Cr of Q1 PY. Crop care delivered strong volume led revenue growth of 8 per cent. Seeds revenue was down by 16 per cent vs PY largely due to supply constraints. Despite market challenges, concerted actions were taken to drive margins through better product mix and dynamic pricing. We are pleased with the progress of our new launch of “Clasto” in Crop Protection and “Diggaz” in Cotton Seeds. Water Soluble Fertilizers (WSF) plant was commissioned during the quarter to support the Crop Nutrition Business.

We remain cautious about the export market and expect a gradual recovery during the year. Sentiments for the domestic market are positive with the recent monsoon pick-up. On a long-term basis, Customer Centricity will remain 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 Manufacturing, Digitalization and leverage Collaborations and Alliances”.

Key Developments: Q1 FY25

Successful Key New Products launches:

  • Crop Protection- Mark Plus (Diclosulam 0.9% + Pendimethalin 35% SE), 9(3) Herbicide for Soybean and Groundnut
  • Clifton (Mesotrione 2.27%+Atrazine 22.7% SC), Herbicide for Maize and Sugarcane
  • Kevat (Pyrithiobac Sodium 10 % EC), Herbicide for Cotton
  • Blend (Bifenthrin 10% + Thiamethoxam 5% SE), Insecticide for multiple crops
  • Crop Nutrition: Aquafert Pomegranate Grade Water Soluble Fertiliser
  • Seeds: 14 products across field and vegetable crops
  • “Dhaan ka power play” campaign launched to educate farmers of Punjab and Haryana about key Paddy products.

 In Q1 FY24 company posted Profit after

Agribusiness, Agro chems – Fertilizers, India

Rallis India’s extensive distribution network and farmer connect initiatives ensure widespread accessibility and adoption of such solutions across Punjab and Haryana.

Rallis India Limited, a Tata enterprise and a leading player in the Indian agri-inputs industry is actively raising awareness about crop care in the early stages of paddy cultivation through its farmers’ campaign, “Dhaan ka Powerplay,” across Haryana and Punjab.

Paddy crops significantly contribute to the farmers’ income in these markets. As an organization committed to providing farmers with advanced Agri solutions and to sensitize them about the importance of paddy crop health and nourishment in its early stage, Rallis India initiated the ‘Dhaan ka Powerplay’ campaign. This campaign facilitates direct farmer engagement through field visits, demos, one-on-one farmer meetings across Punjab and Haryana.

“Rallis India’s comprehensive crop care solutions are designed to support the farmers of Punjab and Haryana in maximizing their paddy yields. Through this campaign, we aim to drive deeper awareness and adoption of our innovative granular products such as Zaafu, Ralligold GR, Zygant, and Nayazinc that deliver tangible benefits in the crucial initial stage of the crop cycle. It has been Rallis India’s constant endeavor to ensure that farmers are well-informed about the benefits of its products which are tailored to address the specific needs of the region’s paddy varieties,” said, S Nagarajan, Chief Operating Officer, Rallis India Limited.

The objective of ‘Dhaan ka Powerplay’ is to educate farmers on the advantages of using Zaafu, Ralligold GR, Zygant, and Nayazinc, together which are highly suitable for application up to 30 days from the time of transplanting. These products play a pivotal role in enhancing soil health and plant vigor during the crucial initial growth phase of paddy cultivation. Rallis India’s extensive distribution network and farmer connect initiatives ensure widespread accessibility and adoption of such solutions across Punjab and Haryana.

Rallis India's extensive distribution network and farmer

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

 Company’s Profit After Tax Margin improved by 60 bps under challenging conditions.

Rallis India Limited, a TATA Enterprise and a leading player in the Agri inputs industry announced its financial results for the quarter ended December 31, 2023.

The Company recorded revenue of Rs 598 Cr for the third quarter ending December 31, 2023, vs Rs 630 Cr over PY. Profit after tax (after exceptional items) was at Rs 24 Cr vs Rs 22 Cr of PY.

Announcing the results, Sanjiv Lal, Managing Director & CEO, Rallis India, said, “During the Quarter, our Domestic business maintained its momentum despite challenging external conditions, recording volume growth of 7 per cent. However, challenges continued on the export front due to steep price drop and weak demand on account of continuing inventory overhang at industry level. Our focus on optimizing working capital and margin improvement continues.

We are closely monitoring Global market demand recovery and remain cautious about El Nino conditions. Global agro-chemical demand is still soft and is expected to recover only next financial year. Meanwhile, the company’s long-term strategy remains unchanged and is focused on refreshing product portfolio, widening of market reach, increasing manufacturing capacities and digitalization in operations”.

Key Developments

Continued its focus on refreshing its Domestic crop care portfolio and launched 3 new products in Crop Care & 4 in Seeds

CSM: Commercial dispatches done for one active ingredient and one formulation from our new MPP and Formulation facilities respectively.

Rallis will commence the construction of integrated R&D facility. Rallis is also planning to further expand capacity of “Pendimethalin”

Rallis awarded with Silver award by “ICAI Sustainability Reporting Awards FY23” for BRSR reporting.

 Company’s Profit After Tax Margin improved by

Agribusiness, Agro chems – Fertilizers, Company News, India, Soil Health

NAYAZINC™ is suitable for a wide range of crops; Paddy, Wheat, Maize, Sugarcane, Pulses, Oilseed, Vegetables, Cotton, Sorghum, Mustard; Groundnut, and Soybean.

Rallis India Limited, a Tata enterprise and a leading player in the Indian agri inputs industry, is strengthening farming practices with NAYAZINC™, a unique, patented zinc fertiliser designed for soil application. This innovation is transforming agricultural practices across various crops, soils, and agro-climatic conditions, providing farmers a highly efficient alternative to Zinc Sulphate.

NAYAZINC™ is a fully FCO-compliant product with high standards of quality and aspires to replace Zinc sulphate as a preferred choice for Indian agriculture. With 16 percent zinc, it provides optimum zinc nutrition to the plants at almost one-tenth of zinc application when compared to Zinc Sulphate. With 9 percent magnesium also in its content, NAYAZINC™ boosts photosynthesis during the early growth phase. NAYAZINC™ offers an innovative solution suitable for a wide range of crops; Paddy, Wheat, Maize, Sugarcane, Pulses, Oilseed, Vegetables, Cotton, Sorghum, Mustard; Groundnut, and Soybean.

Sanjiv Lal, Managing Director of Rallis India Limited, expressed his enthusiasm about NAYAZINC™, stating, NAYAZINC™ is a testament to our dedication towards achieving our Mission – “Serving Farmers Through Science”. More than 45 percent of Indian soils are low in plant-available zinc, NAYAZINC™ is an innovative solution to enhance productivity and improve sustainability. Zinc nutrition in plants has a strong bearing, much like zinc nutrition in human beings, especially infants and babies. Our investments in this product are intended to provide a strong foundation for healthy soil, producing healthy foods for a healthy nation.”

S.Nagarajan, Chief Operating Officer of Rallis India Limited, added, “Built on the principles of Zinc delicately bound in a Polyphosphate chain to prevent it from undesired reactions in soil, this innovative micronutrient fertiliser allows co-application with any crop nutrient source and acts as a slow-release fertiliser to improve use efficiency several times when compared with the traditional Zinc Sulphate. NAYAZINC™ represents a significant step forward in crop nutrient application”.

Rallis India Limited aspires to elevate agricultural practices through its inventive crop nutrition solutions. The company’s steadfast commitment to R&D and business development has yielded promising results in current markets, reinforcing its leadership in the agri-input Industry. The company is confident that NAYAZINC™ will usher in a new era of sustainable farming practices, benefiting both farmers and the environment in the foreseeable future.

NAYAZINC™ is suitable for a wide range

Agro chems – Chemicals, Agro chems – Pesticides, Company News, India, Inputs

The result of a strategic partnership with Japan-based agro-chem company, Benzilla’s unique formulation incorporates patented BPX active ingredient for BPH control.

Rallis India Limited, a Tata enterprise and a leading player in the Indian agri inputs industry has launched its differentiated crop protection product, ‘Benzilla’. Backed by extensive research and field trials, Benzilla is a cutting-edge product powered by patented BPX technology from Japan that promises to redefine crop management practices, boost yields and benefit farmers. The result of a strategic partnership between Rallis India Limited and Japan-based agro-chem company, Nihon Nohyaku Co., Ltd (Japan), Benzilla’s unique formulation incorporates IGR technology, ensuring a prolonged and sustained control of Brown Plant Hopper (BPH) infestations in paddy crops.

BPH is regarded as one of the most devastating pests for paddy, which causes serious damage to the crop by sucking the sap from plants, leading to ‘hopper burn’. It also causes indirect damage by transmitting viral diseases such as grassy stunt and ragged stunt viruses.

Speaking about the importance of crop protection solutions in Indian agriculture, Sanjiv Lal, MD & CEO, Rallis India Limited, said, “The agriculture industry is an important contributor to the Indian economy. The role played by the crop protection market is critical in this context, and with the introduction of Benzilla, we aim to strengthen the way BPH is managed in paddy crops in India. We believe this innovation will not only enhance crop protection but also contribute to the sustainability and prosperity of Indian agriculture.”

Adding to this, S Nagarajan, COO, Rallis India Limited, said, “Benzilla is our breakthrough product for paddy farmers. Being a unique mixture of two highly effective technicals, it is designed to target both nymphs and adult BPH, offering a comprehensive approach to control BPH. This multistage action represents its unique differentiation versus the other solutions in the market.  This product is being introduced for the first time in India.”

“While Benzilla is being launched first in Chhattisgarh, it will subsequently be introduced in other major paddy producing states such as– Karnataka, Andhra Pradesh, Telangana, West Bengal and Odisha in the coming months”, concluded S Nagarajan.

The result of a strategic partnership with

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

Company records Profit after tax (after exceptional items) of Rs 63 Crores in Q1 FY24 as compared to Rs 67 Crore of previous year.

Rallis India Limited, a TATA Enterprise and a leading player in the Indian agri inputs industry announced its financial results for the quarter ended June 30, 2023.

The Company recorded revenue of Rs 782 crores for the quarter ending June 30, 2023 vs Rs 863 Cr over PY. Profit before tax (before exceptional items) was at Rs 85 Crore as compared to PY of Rs 91 Crore and the Profit after tax (after exceptional items) was Rs 63 Crores, as compared to Rs 67 Crore of PY. During the quarter Company repaid Rs 25 Crore of working capital loan.

Announcing the results, Sanjiv Lal, Managing Director & CEO, Rallis India, said, “Crop Care Business has been affected by high market inventories, steep price drops and delayed onset of monsoon. Although our revenues for Q1 FY24 were lower at Rs 782 Crores vis-a-vis Rs 863 Cr of Q1 FY23, margins were largely maintained through better product mix and dynamic pricing actions. On the capex front, we are happy to announce that product trials on MPP commenced towards the end of Q1.

We remain cautious about the international market demand recovery during the second half of the year once the inventory situation gradually eases out. Sentiments for the domestic market are positive with the recent uptick in monsoons. We are also closely monitoring the impact of imminent El Nino conditions on the Indian market and farmers.

Notwithstanding the near-term challenges, the company’s long-term strategy remains unchanged, focused on increasing manufacturing capacities, product portfolio expansion and widening market reach”.

Company records Profit after tax (after exceptional

Agro chems – Chemicals, Company News, Finance, India

Company has posted net profit of Rs. 22.55 crores for the quarter ended December 31,2022 as against net profit of Rs. 71.05 crores for the quarter ended September 30, 2022.

Rallis India Limited has reported total income of Rs. 632.47 crores during the quarter ended December 31, 2022 as compared to Rs. 953.26 crores during the quarter ended September 30, 2022. It reported total income of Rs.633.57 crores during the quarter ended December 31, 2021.

Rallis India Limited has posted net profit of Rs. 22.55 crores for the quarter ended December 31,2022 as against net profit of Rs. 71.05 crores for the quarter ended September 30, 2022. The company posted net profit of Rs.39.55 crores for the quarter ended December 31, 2021.

For the 9-month period ended December 31, 2022, Rallis India reported total income of Rs.2452.53 crores as compared to Rs.2116.35 crores during the 9-month period ended December 31, 2021.

The company has posted net profit of Rs.161.07 crores for the 9-month period ended December 31, 2022, as against net profit of Rs.178.41 crores for the 9-month period ended December 31, 2021.

Company has posted net profit of Rs.

Agro chems – Chemicals, Company News, Finance, Inputs, Seeds

Company records 31 per cent growth in the Crop Care business and 12 per cent growth in Seeds in Q2 FY 22-23

Rallis India Limited, a TATA Enterprise and a leading player in the Indian Agri inputs industry announced its financial results for the second quarter of the financial year ending 30 Sep 2022.

Announcing the results, Sanjiv Lal, Managing Director, and CEO, Rallis India said, “Our Q2 revenues grew more than 31 per cent over last year on the back of 31 per cent growth in the Crop Care business and 12 per cent growth in Seeds.

Within our Crop Care, exports grew by 67 per cent and the domestic formulation business grew by 13 per cent growth. Despite the uneven distribution of monsoon, domestic business leveraged our geographic and portfolio diversity to achieve growth. While margins were satisfactory in the domestic business, international business margins were lower compared to Q2 of the previous financial year. Going forward, we continue to remain focused on our long-term growth plans of new product introduction and capital investment”.

The Company recorded revenues of Rs 951 Crore for the quarter ending September 30, 2022, an increase of 31 per cent over PY of Rs 728 Crore Profit before tax (before exceptional items) was at Rs 95 Crore as compared to PY of profit before tax (before exceptional items) of Rs 76 Crore and the Profit after tax (after exceptional items) was Rs71 Crore as compared to PY profit after tax (after exceptional item) of Rs 56 Crore

Key Highlights – H1

The Company recorded revenues of Rs1814 Cr for the period ended September 30, 2022, an increase of 24 per cent over PY of Rs 1468 Crore Profit before tax (before exceptional items) was at Rs 186 Crore as compared to PY of profit before tax (before exceptional items) of ₹186 Cr and the Profit after tax (after exceptional items) was Rs 139 Crore, as compared to PY profit after tax (after exceptional item) of Rs 139 Crore.

Company records 31 per cent growth in

Agro chems – Chemicals, Company News, Finance, Seeds

 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