Latest news with #RallisIndia
Yahoo
7 days ago
- Business
- Yahoo
India's Bayer CropScience posts higher quarterly profit on strong herbicide, corn seed demand
(Reuters) -Agricultural chemicals maker Bayer CropScience posted a 9.6% rise in first-quarter profit on Wednesday, backed by strong demand for its herbicide 'Roundup' and corn seeds. The Indian unit of German drugs and pesticides maker Bayer AG posted a profit of 2.79 million rupees ($31,834.8) for the three months ended June 30, compared with 2.54 billion rupees a year earlier. Revenue from operations grew 17.4% to 19.15 billion rupees. For further results highlights, click (Full Story) KEY CONTEXT India's agrochemical companies, both domestic-focused and export-oriented, are expected to report healthy volume growth on the forecast of a normal monsoon, analysts said. The company said its growth in earnings is primarily driven by higher sales volume of corn seeds and its herbicide 'Roundup', supported by the early onset of monsoon. PEER COMPARISON Valuation (next 12 Estimates (next 12 Analysts' sentiment months) months) RIC PE EV/EBITDA Revenue Profit Mean No. of Stock to Div growth (%) growth (%) rating* analyst price yield s target** (%) Bayer Cropscience 35.25 26.23 10.01 25.04 Hold 8 1.07 2.00 Coromandel 30.29 19.75 13.01 29.42 Buy 10 0.97 0.47 International UPL 18.64 7.94 7.49 71.07 Buy 18 0.98 0.84 Rallis India 32.93 17.40 13.47 47.42 Sell 13 1.32 0.66 * Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT APRIL-JUNE STOCK PERFORMANCE -- All data from LSEG -- $1 = 87.6400 rupees Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
15-07-2025
- Business
- Business Standard
Rallis India spurts after Q1 PAT spikes 98% YoY to Rs 95 cr
Rallis India jumped 7.50% to Rs 380.35 after the pesticide maker's standalone net profit surged 97.92% to Rs 95 on a 22.22% increase in revenue from operations to Rs 957 crore in Q1 FY26 over Q1 FY25. The company stated that the revenue growth was led by strong volumes and double-digit growth across business segments. Profit before tax jumped 98.46% year on year (YoY) to Rs 129 crore during the quarter under review. EBITDA advanced 56.25% YoY to Rs 150 crore in the June 2025 quarter, supported by volume-led growth and disciplined fixed cost control. Total expenses rose 16.18% to Rs 840 crore in Q1 FY26 over Q1 FY25. During the quarter, the cost of materials consumed stood at Rs 473 crore (up 27.49% YoY), while other expenses were at Rs 130 crore (down 4.41% YoY). Segment-wise, revenue from crop care rose 16.22% YoY to Rs 652 crore in Q1 FY26. Revenue from seeds rallied 37% YoY to Rs 305 crore during the quarter; the company noted strong performance in its North Cotton seed brand Diggaz, despite challenges in maize and paddy due to supply constraints. Dr. Gyanendra Shukla, managing director & CEO, Rallis India, said, Market placement during the first quarter of the year benefited from an early onset of monsoon. Global demand has also started showing signs of recovery in a few of our products. Our revenue for Q1 FY26 was at Rs 957 crore, 22% higher than the Rs 783 crore of Q1 FY25. Profit after Tax (PAT) was Rs 95 crore in Q1 FY 26 as compared to Rs 48 crore in Q1 FY 25. We witnessed double-digit volume-led growth of 13% in Crop Care B2C, 23% in Crop Care B2B, and 38% in the Seeds business. Our Soil & Plant Health business registered growth of 33% in line with our strategy. Our actions on improving product mix and driving cost optimization have also helped in improving PAT margins from 6% in Q1 FY 25 to 10% in Q1 FY 26. We are pleased with the continuing momentum on our North Cotton seeds hybrids, particularly Diggaz. Our working capital management has also been robust, leading to a healthy closing fund balance. We remain cautiously optimistic for the quarter ahead. Key watchouts will be the liquidation of placed products in both Crop Care B2C and Seeds. We expect the export market to witness a gradual recovery during the year. 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 and digitalization and leverage collaborations and alliances. Rallis India is a subsidiary of Tata Chemicals and a part of the US$165 billion Tata Group. It is one of Indias leading agroscience companies, with more than 77 years of experience servicing rural markets with the most comprehensive portfolio of products/solutions for Indian farmers. It has marketing alliances with several multinational agrochemical companies.
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Business Standard
15-07-2025
- Business
- Business Standard
Rallis India zooms 9%, hits record as Q1 profit nearly doubles; do you own?
Rallis India share price: Rallis India share price was buzzing in trade on Tuesday, July 15, 2025, with the scrip rallying up to 8.98 per cent in intraday deals to hit a record high (all-time high) of ₹385.60 per share. At 11:20 AM, Rallis India share price was off record highs, but continued to trade 5.84 per cent higher at ₹374.45 per share. In comparison, BSE Sensex was trading 0.51 per cent higher at 82,669.79 levels. Why did Rallis India share price hit record high today? Rallis India share price hit a fresh record high after posting strong June quarter of financial year of 2026 (Q1FY26) results. The company's profit almost doubled, up 97.9 per cent year-on-year (Y-o-Y) to ₹95 crore, from ₹48 crore in the same quarter a year ago. Its revenue from operations jumped 22.2 per cent Y-o-Y to ₹957 crore in Q1FY26, from ₹783 crore in Q1FY25. 'Market placement during the first quarter of the year benefited from an early onset of monsoon. Global demand has also started showing signs of recovery in a few of our products,' said Gyanendra Shukla, managing director and CEO, Rallis India. Meanwhile, at the operating level, earnings before interest, tax, depreciation and amortisation (Ebitda), also known as operating profit, soared 56.3 per cent Y-o-Y to ₹150 crore in Q1FY26, from ₹96 crore a year ago. Subsequently, Ebitda margin expanded 340 basis points (bps) to 15.7 per cent in Q1FY26, as against 12.3 per cent in the same quarter previous fiscal year (Q1FY25). 'We witnessed double-digit volume-led growth of 13 per cent in Crop Care B2C, 23 per cent in Crop Care B2B and 38 per cent in Seeds business. Our Soil & Plant Health business registered growth of 33 per cent in line with our strategy. Our actions on improving product mix and driving cost optimisation have also helped in improving PAT margins from 6 per cent in Q1FY25 to 10 per cent in Q1FY26. We are pleased with the continuing momentum on our North Cotton seeds hybrids, particularly 'Diggaz'. Our working capital management has also been robust, leading to a healthy closing fund balance,' said Shukla. On the outlook, Shukla added, 'We remain cautiously optimistic for the quarter ahead. Key watchouts will be the liquidation of placed products in both Crop Care B2C and Seeds. We expect the export market to witness a gradual recovery during the year. 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, Digitalisation and leverage Collaborations and Alliances.' About Rallis India Rallis India Limited, a subsidiary of Tata Chemicals and part of the $65 billion Tata Group, is a leading agri-science company with over 77 years of experience in Indian agriculture. Renowned for its deep-rooted farmer connect and understanding of rural markets, Rallis offers a comprehensive portfolio of crop care solutions and high-quality seeds. Its strong brand presence is backed by a robust distribution network of 7,000 dealers and over 1,00,000 retailers across the country. The company also has strategic marketing alliances with several global agrochemical players and is recognised for its advanced manufacturing capabilities, making it a preferred partner for contract manufacturing among top international firms.
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Business Standard
15-07-2025
- Business
- Business Standard
Rallis, RCF, Deepak Fertilisers rally up to 9%; what's driving agri stocks?
Share price movement of agri related stocks Shares of agri related companies like Rallis India, Rashtriya Chemicals and Fertilizers (RCF), Deepak Fertilisers & Petrochemicals Corporation, Paradeep Phosphates and Sharda Cropchem rallied up to 9 per cent on the BSE in Tuesday's intra-day trade after Rallis India reported healthy June quarter (Q1FY26) earnings. Rallis India hit a 52-week high of ₹385.60 on the back of heavy volumes. A combined 16.66 million equity shares changed hands at the counter on the NSE and BSE. Shares of Deepak Fertilisers surged 6 per cent to ₹1,658, followed by RCF (5 per cent to ₹159), Paradeep Phosphates (4 per cent at ₹177.80) and Sharda Cropchem (4 per cent at ₹814.50). UPL, PI Industries and Coromandel International were trading higher in the range of 1 per cent to 3 per cent. In comparison, the BSE Sensex was up 0.14 per cent at 82,368 at 10:28 AM. Rallis India Q1 results Rallis India for the April-June 2025 quarter (Q1FY26) reported revenue of ₹957 crore, up 22 per cent year-on-year (YoY), led by volume led growth in both crop care and seeds businesses. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 56.3 per cent at ₹150 crore, while margins came at 15.7 per cent, (up by ~300 bps YoY), driven by volume led growth and moderated fixed cost. Profit after tax stood at ₹95 crore in Q1FY26 as compared to ₹48 crore in Q1FY25. The management has attributed strong performance during the quarter to an early onset of monsoon in the domestic market and recovery in volumes in few products. The growth was indeed driven by volumes thus nullifying the lower GPM impact (lowest in the last 9 quarters). The management remains cautiously optimistic about the coming quarters for the domestic market and gradual recovery in the exports market. Agri - Industry overview With a growing consumer base, the agri-inputs sector stands poised to benefit from a shift towards more efficient, sustainable practices. Opportunities remain abound in developing advanced fertilizers, bio-based solutions and precision agriculture technologies that can increase crop yields while reducing environmental impact. The Asia-Pacific (APAC) crop protection market is expected to grow from $15.5 billion in 2024 to $18.8 billion by 2029, contributing 25.2 per cent to the global market's incremental growth during this period. The region's large and growing population is driving agricultural intensification. This increases the need for effective crop protection solutions to improve yields, said Sharda Cropchem said in its FY25 annual report. Meanwhile, according to Elara Capital, agrochemicals companies, domestic-dependent as well as exports-driven, are likely to see healthy volume growth. Domestic branded companies' top-line growth would be driven by robust placement, due to expectations of normal Monsoon driving healthy agrochemicals demand. If the timing and distribution of Monsoon is favorable, the industry is likely to see sharp consumption growth at the farm level. On the exports side, with destocking largely over globally, fresh demand is driving growth in the international business for our coverage universe. 'Tactically, for the quarter, we prefer domestic agrochemical companies, as we believe, domestic agrochemicals demand can see a significant upswing if the timing and distribution of Monsoon is in balance. Fertilizer companies have seen a healthy run-up in the stock price in the range of 10 per cent-35 per cent in the past three months, and have yet to factor in near-term risk, due to rising raw material prices, in our view,' the brokerage firm said in sector quarterly preview.
Business Standard
15-07-2025
- Business
- Business Standard
Rallis India standalone net profit rises 97.92% in the June 2025 quarter
Sales rise 22.22% to Rs 957.00 crore Net profit of Rallis India rose 97.92% to Rs 95.00 crore in the quarter ended June 2025 as against Rs 48.00 crore during the previous quarter ended June 2024. Sales rose 22.22% to Rs 957.00 crore in the quarter ended June 2025 as against Rs 783.00 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 957.00783.00 22 OPM % 15.6712.26 - PBDT 158.0096.00 65 PBT 129.0065.00 98 NP 95.0048.00 98
