Rallis India Reports 23.80% Decline in Quarterly Profit

Rallis India, a Tata Chemicals subsidiary, experienced a 23.80% drop in profit after tax for the quarter ending June 30, reporting Rs 48 crore compared to Rs 63 crore during the same period last year. Revenue remained relatively flat at Rs 783 crore, with varied performance across its business segments.

Rallis India, a subsidiary of Tata Chemicals, reported a 23.80% decline in profit after tax, amounting to Rs 48 crore in the quarter ending June 30, compared to Rs 63 crore for the same period last year.

The company noted in its regulatory filing that revenue from operations was flat at Rs 783 crore, slightly up from Rs 782 crore in the corresponding quarter of the previous fiscal year.

While the crop care business reported an 8% volume-led revenue growth, the seeds segment saw a 16% decline due to supply constraints. Despite market challenges, the company focused on driving margins via better product mix and dynamic pricing, according to Dr. Gyanendra Shukla, Managing Director and CEO of Rallis India.

'We remain cautious about the export market and anticipate a gradual recovery throughout the year,' said Dr. Shukla. 'Domestic market sentiments are positive with the recent monsoon pick-up. On a long-term basis, customer centricity will remain a key focus, and we will continue to offer differentiated solutions to meet farmers' varying needs. Efforts to enhance capabilities in manufacturing, digitalisation, and leveraging collaborations and alliances will be intensified,' he added.

(With inputs from agencies.)