• Seeds business performance: Seeds revenue grew 15% from ₹415 crore to over ₹485 crore, with segment PAT rising 167% from ₹12 crore to ₹33 crore. Management is targeting high-mid teen growth for the segment in the upcoming year.
• Inventory and monsoon: Channel inventory levels have normalized across the industry and the company is covered for the Kharif season, with management emphasizing that rainfall distribution is far more critical than minor deficit percentages.
• Export allocation strategy: Facing elevated freight and energy-related production costs, Rallis is prioritizing domestic demand over exports, noting that its primary international shipments head to the Americas rather than the Middle East.
• Dimethoate revenue outlook: Dimethoate generated over ₹100 crore in revenue entirely from the domestic market, with management defending its safety, affordability, and lack of residue issues despite regulatory bans in markets like Australia.