Rallis India Ltd (NSE:RALLIS)

Q2 2025 Rallis India Ltd Earnings Call Transcript

Oct 16, 2024 / 06:00AM GMT

Release Date Price: ₹368.05 (+14.12%)

Transcript

Key Points

Positve

Rallis India Ltd (BOM:500355) reported a robust Q2 performance with a strong double-digit volume growth in the domestic market.
The company's revenue for Q2 stood at INR928 crores, up from INR832 crores in the same period last year, marking a significant increase.
Profit after tax for the quarter was INR98 crores, which is 20% higher than the previous year.
The Seed business recorded a 48% revenue growth due to better Kharif liquidation and effective use of the Seed-Say digital tool.
Rallis India Ltd (BOM:500355) has successfully completed pilot scale production of Flavocide, a novel insecticide, indicating promising future partnerships and growth potential.

Negative

The export business continues to face pressure with lower prices impacting revenues and slow demand recovery.
The domestic market faced challenges due to erratic rainfall, affecting the application of pesticide sprays and leading to lower volume growth in certain categories.
Acephate market remains under pressure in key regions like the US and Brazil, with raw material prices at their lowest.
The company is experiencing pricing challenges, with a 6% price degrowth in the domestic crop care segment.
Trade receivables have increased significantly, raising concerns about cash flow management.

Operator

Ladies and gentlemen, good day, and welcome to the Rallis India Limited Q2 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Gavin Desa. Please go ahead.

Gavin Desa

Citigate Dewe Rogerson - Senior Partner & Account Head

Thank you, Ryan. Good day, everyone, and thank you for joining us on Rallis India Limited's Q2 and H1 FY25 earnings call. We have with us today Mr. Gyanendra Shukla, the Managing Director and CEO; and Ms. Subhra Gourisaria, the Chief Financial Officer.

Before we begin, I would like to mention that some of the statements made in today's discussions may be forward-looking in nature and may involve risks and uncertainties. A detailed statement in this regard is available in the results presentation.

I now invite Mr. Shukla to begin proceeding with the call. Over to you, sir.

Gyanendra Shukla

Rallis India Ltd - Chief Executive Officer, Managing Director, Executive Director

Thanks, Gavin

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