RALLISNSEQ2 FY24October 25, 2023

Rallis India Limited

1,549words
3turns
0analyst exchanges
0executives
Key numbers — 15 extracted
rs,
ed. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand / supply, price conditions in the domestic and overseas market
80%
secticides, Fungicides) CUSTOMER ENGAGEMENTS Well entrenched connect with farmers covering 80% of India’s districts efforts on Research focused developing customized products and pac
20%
owing segment Well defined product portfolio covering diverse segments across various crops 20%+ growth p.a. in last 3 years Good future potential to grow given the market situation and p
rs 67
APSHOT - Q2 FY24 REVENUE 863 782 951 832 EBITDA 113 110 133 118 PAT AEI ₹ Crs 67 63 82 72 Q1 Q2 FY23 FY24 Q1 Q2 FY23 FY24 Q1 Q2 FY23 FY24 • Overall revenue lower b
12%
82 72 Q1 Q2 FY23 FY24 Q1 Q2 FY23 FY24 Q1 Q2 FY23 FY24 • Overall revenue lower by 12% vs Q2FY23 • Crop Care revenue lower by 20% vs Q2FY23. Weak Exports demand and price drop across
237%
Weak Exports demand and price drop across products are the key reasons • Seeds revenue higher by 237% vs Q2FY23 on a small base due to lower sales returns • EBITDA higher by 13% vs Q2FY23 • PAT h
13%
revenue higher by 237% vs Q2FY23 on a small base due to lower sales returns • EBITDA higher by 13% vs Q2FY23 • PAT higher by 14% vs Q2FY23 • Gross Margin improved through superior improving cos
14%
3 on a small base due to lower sales returns • EBITDA higher by 13% vs Q2FY23 • PAT higher by 14% vs Q2FY23 • Gross Margin improved through superior improving cost mix, actions efficiencies i
rs 89
SNAPSHOT - Q2 FY24 CROP CARE REVENUE 923 737 596 519 EBITDA 139 127 PAT AEI ₹ Crs 89 79 57 58 30 28 Q1 Q2 FY23 FY24 Q1 Q2 FY23 FY24 Q1 Q2 FY23 FY24 • Crop Care rev
9%
Q2 FY23 FY24 Q1 Q2 FY23 FY24 • Crop Care revenue lower by 20% vs Q2FY23 • EBITDA lower by 9% vs Q2FY23, however the • PAT lower by 11% vs Q2FY23 • Domestic Crop care lower by 5% vs Q2FY23
11%
Care revenue lower by 20% vs Q2FY23 • EBITDA lower by 9% vs Q2FY23, however the • PAT lower by 11% vs Q2FY23 • Domestic Crop care lower by 5% vs Q2FY23 with positive volume growth. Cautious appro
5%
A lower by 9% vs Q2FY23, however the • PAT lower by 11% vs Q2FY23 • Domestic Crop care lower by 5% vs Q2FY23 with positive volume growth. Cautious approach in placements help in better quality of
Risks & concerns — 1 flagged
Cautious approach in placements help in better quality of sales • Exports declined by 50% largely volume led due to ongoing destocking of global inventories & price drop % EBITDA margin has improved • Actions undertaken for Cost efficiencies across operations Copyright © Rallis India Limited.
STRENGTHEN CAPABILITY
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STRENGTHEN CAPABILITY
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FOR ANY QUERIES PLEASE CONTACT BELOW
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Opening remarks
STRENGTHEN CAPABILITY
PEOPLE & PROCESS DCP – Domestic Crop Protection; IB – International Business; DCN – Domestic Crop Nutrition; MPP’s – Multi Purpose Plants Copyright © Rallis India Limited. All rights reserved. SERVING FARMERS THROUGH SCIENCE DOMESTIC CROP PROTECTION Focused on 3 pillars - Extend portfolio offerings, Strengthen manufacturing and Widen markets Comprises of domestic branded formulations and Institutional business (Herbicides, Insecticides, Fungicides) CUSTOMER ENGAGEMENTS Well entrenched connect with farmers covering 80% of India’s districts efforts on Research focused developing customized products and packages of practices by understanding their emerging needs Identified category, segment and portfolio gaps product for future development. Various segments across categories have been chosen for new product development and commercialization Low demand due to erratic rainfall and price drop. Margins improved on YoY basis New Product launches YTDFY24: Insecticides – 8 Herbicides – 2 Fungici
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RUBY (Rallis Ujjwal Bhavishya Yojana) : Supported eligible 35 farmers to avail Govt schemes viz. Drip/Sprinkle Irrigation and Farm machinery; Helped 200 farmers with E-Crop Govt survey; Planted 3500 mango saplings (1422 farmers) on Rallis 75th anniversary in MH Capacity building training organized for English teachers from MH; Math interventions in Narmada (GJ) and Bommasandra (KA); Science intervention Akola 4 schools; MBA admission for 14 special children TARA (Skill Development) : Industrial Safety Awareness session conducted to 70 students of Vagra ITI; Skill Centre: Tailoring(6), Beautician(24), Veg cultivation(30), Computer course THANK YOU
FOR ANY QUERIES PLEASE CONTACT BELOW
Subhra Gourisaria subhra.gourisaria@rallis.com Vijay Furia vijay.furia@rallis.com Gavin Desa gavin@cdr-india.com E-mail ID/s Suraj Digawalekar suraj@cdr-india.com SERVING FARMERS THROUGH SCIENCE Registered Office Rallis India Limited 23rd Floor, Vios Tower, New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai - 400037 CIN: L36992MH1948PLC014083 Tel. No.: +91 22 6232 7400 E-mail address: investor_relations@rallis.com Website: www.rallis.com Copyright © Rallis India Limited. All rights reserved.
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