Tata Group’s chemical unit, Rallis India, posted a strong set with a net profit growth of 19.51% year-on-year in its second quarter fiscal 2025. Net profit for the September quarter of calendar year 2024 stood at Rs 98 crore compared with Rs 82 crore during the corresponding period of last year.
Revenue from operations too, was up 11.53% from Rs 928 crore from Rs 832 crore in the same quarter last year. As Rallis India explains in its regulatory filing, this has been led significantly by high demand in the domestic market particularly for Crop Care and Seeds.
According to Dr Gyanendra Shukla, MD and CEO, Rallis India “We had a good second quarter performance in FY25 with support from double-digit growth in the domestic market, revenue increased to Rs 928 crore and profit after tax was at Rs 98 crore. He further said that international business has seen recovery and the company continues to face pricing pressure.”.
Looking at the rabi season ahead, Dr Shukla believes the increase in the levels of water in reservoirs augurs well for the rest of the year. The expectation tallies with the plan wherein the company has been upping its ante in enhancing offerings for its both domestic and international market.
The financials appear well-supported by effective operational strategies as well as adaptability in the competitive landscape. Rallis India would thus be committed to delivering value to the stakeholders as it continues to address the evolving challenges of this sector.
Results of Q2FY25 add up to a promising trajectory of growth for Rallis India, thereby reiterating the resiliency and proactive market management acumen of the company.
