Rallis India Limited, a TATA Enterprise and a leading player in the Indian agri inputs industry, has reported total income of Rs.747.50 crores during the period ended June 30, 2021 as compared to Rs.479.27 crores during the period ended March 31, 2021. The company reported total income of Rs.674.45 crores during the period ended June 30, 2020.

Rallis India has posted net profit of Rs.82.34 crores for the period ended June 30, 2021 as against net profit of Rs.8.12 crores for the period ended March 31, 2021. The company posted net profit of Rs.91.87 crores for the period ended June 30, 2020.

Announcing the results, Sanjiv Lal, Managing Director and CEO, Rallis India said, "India has witnessed an erratic monsoon this year, but with its revival, we can expect the agricultural activities to pick up pace. Q1 witnessed the second wave of COVID-19 that impacted our business to some extent and we continued to navigate our business with the principal focus firmly being on employee safety. In spite of these challenges, the Company has registered a 31.2% revenue growth for the domestic crop care segment and a 3.1% increase in revenue from our seeds business in Q1. Going forward, we will continue to focus on leveraging opportunities by making investments in new product introduction, manufacturing, R&D and automation."

Key Developments - Q1

-  High focus on safety amidst the second wave of COVID-19

-  Vaccination drive conducted for operating team members; over 86% of our permanent staff and 48% of our contract staff vaccinated with at least 1 dose

-  Successful launch of 3 new crop protection products, 1 crop nutrition product and 6 in seeds category

-  Focus continued on supply chain and logistics amid lockdown limitations and high international freight rates

-   Formulation plant to get commissioned in Q2 FY22

-   Migration of packaging in line with new brand architecture underway