Latest news with #GyanendraShukla
Mint
3 days ago
- Business
- Mint
Seeds of change: How Rallis India plans to double growth without spending big
Rallis India Ltd, a Tata Group company manufacturing fertilizers and insecticides, has been cruising along at a steady pace without much hustle, but a new chief is looking to overhaul the business hoping to accelerate its growth. Chief executive Gyanendra Shukla, who took charge of Rallis India in April last year, aims to double its revenue in 5 years, including through acquisitions, even as he acknowledging that the company hadn't met expectations. While Rallis India's business is profitable and stable, shareholders' expectations are different, Shukla said in an interview with Mint, explaining the company's renewed focus on growth after a few tepid years. 'They are comparing us against peers in the equity market and looking at returns and payouts. Frankly, we haven't met those expectations just yet. And that is why accelerating growth has become absolutely critical," said Shukla, who previously held leadership roles at US agrochemical company Monsanto. 'We have been sound financially, but what we have lacked is a little bit of aggression, courage, and risk-taking," he said. Tata Chemicals Ltd is the largest shareholder in Rallis India with a 55% share, while public investors own the remaining 45%. Rallis India's revenue inched up about 0.6% to ₹2,663 crore in 2024-25 from ₹2,648 crore in FY24, when revenue had declined 11%. Profit after tax fell 15% to ₹125 crore in FY25 from ₹148 crore in the previous year. Even so, Shukla is confident the company can achieve high double-digit revenue growth over the next five years without incurring large-scale investments. 'We believe our current capacity is more than sufficient for the next five years." Shukla added that while Rallis India's manufacturing capital expenditure will be incremental—there are no plans to, say, establish a ₹500-crore facility; 'that is completely off the table for now"—growth can be accelerated through inorganic opportunities. 'We are in active discussions with Japanese and global players to explore potential opportunities and collaborations. If something materialises, our first preference would be to utilise existing assets because that is the most efficient approach," Shukla said. Also read | What cooling oil prices mean for India's fertilizer companies Rallis India's growth strategy: From weakness to strength Shukla expects Rallis India's seeds, soil and plant health, and domestic crop protection businesses to be the company's key engines of growth—the seeds business is where the 'gains will come from", he said. However, of Rallis India's ₹430 crore revenue in the March quarter—slightly down from ₹436 crore in the year-ago fourth quarter—the seeds business contributed only ₹25 crore while the crop care business accounted for ₹405 crore, which includes ₹37 crore from the soil and plant health segment. Modern breeding techniques can significantly enhance seed quality without necessarily involving transgenic methods or introducing foreign genes, Shukla said. Even conventional crossbreeding involves gene transfer, but controversies over genetically modified (GM) crops arise when bacterial genes are used, he added. That said, Shukla believes there are dozens of other advanced tools in modern biotechnology that Rallis India is actively using, and 'that is where gains in the seeds business will come from". Also read | Privatization of fertilizer companies back on the menu, one small firm at a time On areas of improvement for the company, Shukla explained, 'There are still notable gaps in our herbicide portfolio, and we are addressing these through new product launches and potential collaborations. Everything does not need to be manufactured in-house." Rallis India said in its latest earnings call that herbicides, part of the crop protection business, had become the largest category in the non-core rabi crop (sown in winters) segment. However, the company admitted that it remained weak in this category. 'We are weak on cotton herbicide. We are weak on soyabean herbicide. We are weak on maize herbicide. So, all across categories, we are weak. So that portfolio, I mean that is about 30-35% of the crop protection market," Shukla told analysts during the call on 24 April. Among Rallis India's key growth strategies, according to Shukla, is to drive expansion through herbicides and fill critical portfolio gaps. This year, the company will introduce two new products, with a rice herbicide slated for next year, the CEO said, adding that some products might be phased out to make room for new ones. Also read | China's supply cut and global disturbances reduces India's fertilizer imports A bigger challenge: Global trade According to analysts at Nuvama Institutional Equities, Rallis India needs to improve its fungicide and insecticide portfolios as some of its products have not been well accepted by the market. The analysts, however, added that the company is actively working to improve product efficacy and better align its offerings with market needs. Rallis India, which earns about 80% of its revenue from the domestic market, chiefly competes with Dhanuka Agritech Ltd, PI Industries Ltd, UPL Ltd, BASF India Ltd, and Coromandel International Ltd in India. In overseas markets, its main competitors include Bharat Rasayan Ltd, Sharda Cropchem Ltd, Sumitomo Chemical India Ltd, and Meghmani Organics Ltd. The broader agrochemicals market that Rallis India operates in has been buffeted by some recent macroeconomic and geopolitical challenges. For one, following the US's trade war with China, there are concerns that Chinese suppliers may dump crop protection inventory that was meant for the US into other markets, potentially disrupting price stability in India. Also, the global crop protection market experienced a sharp decline in value terms in 2024, hurt by weak agrochemical and commodity prices, high input costs, and unfavourable weather conditions in Europe and the Asia-Pacific, according to AgbioInvestor, a Scotland-based consultancy in the agrochemical market. Also read | Tata Chemicals' Europe restructuring helps, but dull soda ash market a worry Nuvama said in a report dated 24 April that elevated channel inventory in domestic trade and patchy demand in international markets for Rallis India compromised near-term growth triggers for the company. The brokerage has a 'reduce' rating on Rallis India as it reckons the challenging business environment may restrict material improvement in return on equity from the stock. Kotak Institutional Equities, which has a 'sell' recommendation on Rallis India, flagged in a report dated 14 April that 'the (fertilizer and agricultural chemicals) industry environment remains difficult, with the tariff war further complicating an already uncertain outlook (for the industry)". Rallis India's management has clarified that only one of its major products, acephate, is subject to the reciprocal tariffs imposed by the US. Even so, domestic institutional investors (DIIs) have been gradually trimming their stake in the Rallis India stock, while foreign institutional investors (FIIs) have been steadily increasing their exposure to it. As per BSE shareholding data, DIIs held a 13.78% stake in Rallis India as of March, down from 14.78% in December 2022, while FIIs raised their holding to 11.41% from 7% in that period. While Nuvama has a price target of ₹182 per Rallis India share, Kotak has raised its target price from ₹210 to ₹230. On Thursday, Rallis India fell 1.23% to ₹318.00 per share on NSE, while the benchmark Nifty 50 inched up 0.53%.
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Business Standard
24-04-2025
- Business
- Business Standard
Why this Tata group company's stock slipped 6% in trade today; Details here
Rallis India share price: Shares of Rallis India slipped 6.3 per cent in trade, logging an intraday low at ₹237.9 per share on the BSE. The stock slipped after the company reported weak Q4 results. At 11:57 AM, Rallis India shares were trading 4.73 per cent lower at ₹241.9 per share on the BSE. In comparison, the BSE Sensex was down 0.3 per cent at 79,872.57. The market capitalisation of the company stood at ₹4,704.2 crore. The 52-week high of the stock was at ₹378.4 per share and the 52-week low of the stock was at ₹196 per share. Rallis India Q4 results 2025 The company released its fourth quarter (Q4FY25) results on Wednesday, after market hours. In Q4, the company's net loss widened to ₹32 crore as compared to a loss of ₹21 crore a year ago. In Q3FY25, the company had posted a net profit of ₹11 crore. Its revenue for the quarter under review stood at ₹430 crore as compared to ₹436 crore a year ago, down 1.3 per cent. Rallis India management commentary The company will focus on improving its market share in the domestic business. In Exports and CSM Business, its focus is to expand product offerings and build strategic partnerships. "We will prioritize improving market share in the domestic business. In Exports and CSM Business, our focus is to expand product offerings and build strategic partnerships. We are strengthening our people's capabilities by simplifying organization structure and inducting fresh talent," said Dr Gyanendra Shukla, managing director & CEO, Rallis India Limited. Also Read: Q4 Results Today About Rallis India Rallis India Limited is a subsidiary of Tata Chemicals and a part of the over $165 billion Tata Group. It is one of India's leading agri-science companies, with more than 77 years of experience in serving rural markets with the most comprehensive portfolio of products/solutions for Indian farmers. Rallis is known for its deep understanding of Indian agriculture, sustained contact with farmers, quality agrochemicals, branding, and marketing expertise along with its strong product portfolio in seeds and crop care which is available through a vast distribution network of 7,000 dealers and over 1,00,000 retailers across India.
Business Standard
24-04-2025
- Business
- Business Standard
Rallis India tumbles after Q4 net loss widens to Rs 32 cr
Rallis India dropped 4.53% to Rs 242.40 after the pesticides maker's standalone net loss widened to Rs 32 crore in Q4 FY25 as against a net loss of Rs 21 crore reported in Q4 FY24. Revenue from operations declined 1.37% YoY to Rs 430 crore in the quarter ended 31 March 2025. Loss before exceptional items and tax stood at Rs 41 crore in Q4 FY25, compared to a loss of Rs 29 crore reported in Q4 FY24. The company reported an exceptional profit of Rs 1 crore in Q4 FY25. In Q4 FY25, the company reported a negative EBITDA of Rs 20 crore, compared to a positive EBITDA of Rs 7 crore in the same period a year ago, primarily due to pricing pressure in the Domestic Crop Care segment. Revenue from Crop Care declined by 1.21% YoY to Rs 405 crore in Q4 FY25. B2C Crop Care volumes increased by 3%, while prices dropped by 5% compared to the previous year. Export revenues rose by 6%, driven by a 1% increase in volume and a 5% rise in price. Revenue from the Seeds segment declined by 3.84% to Rs 25 crore in Q4 FY25, compared to Rs 26 crore in Q4 FY24. On a full-year basis, the companys consolidated net profit fell by 15.54% YoY to Rs 125 crore in FY25, while revenue increased marginally to Rs 2,663 crore in FY25 as against Rs 2,648 crore reported in FY24. Dr. Gyanendra Shukla, managing director & CEO, Rallis India, said, The company has reported FY 25 revenue of Rs 2,663 crore and PAT of Rs 125 crore. For Q4 FY 25, revenue is Rs 430 crore with positive volume growth in domestic business. Control over working capital has enabled strong cash flow from operations. I am particularly pleased with the growth of 23% and 24% in the Soil & Plant Health and Herbicides categories, respectively. Our Innovation Turnover Index is in line with our long-term target of 14%. The seeds business had a turnaround with an FY 25 PBT of Rs 18 crore, primarily driven by North Cotton Hybrid Diggaz and cost optimization actions. We will prioritize improving market share in the domestic business. In Exports and CSM Business, our focus is to expand product offerings and build strategic partnerships. We are strengthening our peoples capabilities by simplifying the organizational structure and inducting fresh talent. Our long-term focus continues to be to offer differentiated product offerings which address farmers evolving needs. Continued investments in customer centricity, marketing, manufacturing, and digital capabilities will remain the key to delivering sustainable growth. Meanwhile, the companys board has recommended a dividend of Rs 2.50 per share for the financial year 2024-25. The dividend, if approved by the shareholders at the ensuing Annual General Meeting of the company, will be paid within five days of the AGM. Rallis India is a subsidiary of Tata Chemicals and a part of the US$ 165 billion Tata Group. It is one of Indias leading agro sciences companies, with more than 77 years of experience of servicing rural markets with the most comprehensive portfolio of products/solutions for Indian farmers. It has marketing alliances with several multinational agrochemical companies.
Business Upturn
23-04-2025
- Business
- Business Upturn
Rallis India Q4FY25 Results: Revenue at Rs 430 crore, Profit at Rs 125 crore; board recommends Rs 2.50 dividend
Rallis India Limited, a Tata Group company and a key player in the agri inputs sector, has announced its audited financial results for the fourth quarter and full year ended March 31, 2025. The company reported a full-year revenue of ₹2,663 crore and Profit After Tax (PAT) of ₹125 crore, while Q4FY25 revenue stood at ₹430 crore. The Board of Directors has recommended a dividend of ₹2.50 per equity share. Managing Director & CEO Dr. Gyanendra Shukla noted that the company witnessed positive volume growth in its domestic business and strengthened cash flows through working capital control. He highlighted a robust performance in specific product segments, with Soil & Plant Health and Herbicides registering growth of 23% and 24% respectively. The innovation turnover index remained aligned with Rallis' long-term target of 14%. The company's seeds segment showed a turnaround, with a Profit Before Tax of ₹18 crore, aided by strong performance of its North Cotton Hybrid 'Diggaz' and cost optimization measures. Key strategic highlights in Q4FY25: Introduction of a 24/7 multilingual WhatsApp chatbot to strengthen farmer engagement. Launch of 'Laafa,' a post-emergent herbicide for broad-spectrum weed control. Commercialization of Metalaxyl-M for domestic and export markets. Recognition as finalists in the Aegis Graham Bell Award for Innovation in Agriculture. Awarded 'Excellence in BRSR – Small Cap, Manufacturing Sector' by ICAI. Looking ahead, Rallis India plans to deepen its domestic market share and grow its Exports and Contract Services Manufacturing (CSM) businesses by expanding its product offerings and building strategic partnerships. The company remains focused on customer-centric innovations and enhancing digital, manufacturing, and marketing capabilities for long-term growth. Disclaimer: This article is based on publicly available information and disclosures submitted to stock exchanges. Investors are advised to consult their financial advisors before making any investment decisions. News desk at
Arab News
28-02-2025
- Entertainment
- Arab News
How tiny Indian village became YouTube hub, one viral video at a time
NEW DELHI: Always drawn to the Indian film scene, Gyanendra Shukla left his banking job in 2014, dreaming of a future in motion pictures. Unfamiliar with the industry's ins and outs, he spent years experimenting — until one day, everything clicked, bringing the spotlight not only to him, but also his tiny village. It was a part of the 2003 Indian comedy drama 'Munna Bhai M.B.B.S' that made Shukla study the technical aspects of filmmaking. 'At the end of the movie, they were showing behind-the-scenes cuts and all and that really impressed me,' Shukla told Arab News. In 2018, he and his friend created a comedy channel 'Being Chhattisgarhiya' — the first YouTube channel in Tulsi, a village of 15,000 in the central Indian state of Chhattisgarh. 'The film got a good response and people appreciated it, and this was a big encouragement for us,' Shukla said. 'In 2018, YouTube was not a big thing ... Initially, me and my friend were not aware about editing and all. We would rehearse our part and record it and upload. Later on, we came to know the concept of editing and gradually through the Internet we learnt editing.' Slowly, they would start to involve their neighbors and other villagers in the project. Seven years into the YouTube channel, Shukla now has a team of 200 people, and dozens of others in Tulsi who followed in his footsteps and became content creators. 'There are around 40 YouTube channels in the village and many of them make a livelihood out of (it) ... My channel has 127,000 subscribers. (Per month) we usually earn 35,000 rupees ($410).' As production costs can be high, not all of Tulsi's content creators are able to support their families solely from the platform. While the business is booming in the village, the majority of them still take on side jobs. Shukla himself does wedding shots to earn extra income. 'If you have 1,000 subscribers, your monetization process starts. I advise people to have a second source of income,' he said. 'But it feels nice that my village has got international attention. What we are telling through YouTube is our stories, showcasing our cultures and immense talent that the new generation of villagers has.' The success of the village content creators caught the attention of local officials. In 2023, impressed by their achievements, the state government set up a digital studio in the village. Named Hummer Flix, it is equipped with gimbals, cameras, computer systems and other film-shooting equipment, including drones. 'The studio is a recognition of the local talents. Hope more new talents will come out and they will make movies which go international and attract attention of the wider audience,' Gulab Singh Yadav, former village head and member of the village committee, told Arab News. About 2.5 billion people use YouTube each month, with India being one of the platform's largest markets. Shukla's 'Being Chhattisgarhiya' alone has cumulative viewership exceeding 250 million. 'The village has got a new identity because of the YouTubers. The attention it receives is amazing,' Yadav said. 'It's not the village but the culture and local ways of life too that are getting worldwide attention due to these YouTubers.' Rahul Verma, another Tulsi village content creator, has focused on short comedic stories in his 'Fun Tapri' channel. It has so far reached 3,000 subscribers, but he plans to expand production and find his niche in longer films. 'I am a commerce graduate. Filmmaking was not my area of study. But I got inspired by the success of YouTube channels from my village and started this venture,' he said. 'In Tulsi village, the whole atmosphere is creative. Not only the individuals who make films who are involved, but even the villagers too. This is unique and that makes this village different.'
