Rallis India Reports Stable Revenue and Profit in Q1 FY25

On July 18, 2024, Dr Gyanendra Shukla, Managing Director and CEO of Rallis India Limited, announced the company’s results for Q1 FY25. He noted that the agrochemical industry faces growth challenges due to low prices caused by oversupply, but domestic demand is improving with the arrival of the monsoon.

Key Highlights: Q1 FY25

In Q1 FY25, Rallis India’s revenue was ₹783 crore, nearly the same as ₹782 crore in Q1 FY24. Profit after tax was ₹48 crore, down from ₹63 crore in the previous year. The crop care segment saw an 8% increase in revenue due to higher volumes, while seeds revenue fell 16% because of supply issues.

Despite market difficulties, the company has improved its margins with better product mix and pricing strategies. Rallis India is cautious about the export market but expects gradual improvement over the year. They are optimistic about domestic market trends and the monsoon’s positive impact. The company will focus on customer needs, improve manufacturing, embrace digitalisation, and strengthen collaborations.

Key Developments: Q1 FY25

In Q1 FY25, Rallis India achieved several key developments. They successfully launched a range of new products, including several for crop protection: Mark Plus (a herbicide for soybeans and groundnuts), Clifton (for maize and sugarcane), Kevat (for cotton), and Blend (an insecticide for multiple crops). In crop nutrition, they introduced Aquafert Pomegranate Grade, a water-soluble fertiliser. They also released 14 new seed products for both field and vegetable crops. Additionally, Rallis India launched the “Dhaan ka Power Play” campaign to educate farmers in Punjab and Haryana about essential paddy products.

About Rallis India Limited

Rallis India Limited is a subsidiary of Tata Chemicals and part of the $150 billion Tata Group. With over 75 years of experience, Rallis is a top player in Indian agriculture. It offers farmers a wide range of products, including seeds and crop care, through a network of 7,000 dealers and over 100,000 retailers across India. Known for its expertise in agriculture, Rallis maintains strong relationships with farmers and partners with international agrochemical companies.

On July 19, 2024, Rallis India Limited’s share price opened at ₹6,660.00, touching the day’s high of ₹6,692.05 as of 10:04 AM on the NSE.

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