India’s leading farm Solutions Company insecticides (India) Ltd. declared that their net revenue at Rs 319 crore, grew up by 2.26 per cent over the previous corresponding quarter of last fiscal. Profits after Tax (PAT), at Rs 34 crore, however, recorded a neat 11 per cent growth.
Rajesh Aggarwal, managing director, insecticides (India) Ltd, said, “insecticides (India) Ltd.’s growth mechanical phenomenon remains unrestrained. Revenue saw a yearly growth of 2.26 per cent because of our strategy of focusing on branded segments that have exponential margins with a better concentration within the B2C business. we had double-digit growth throughout FY18 as compared to the previous fiscal and IIL has displayed sustained buoyancy due to higher realization in the Maharatna category, change of product combine, an addition of latest products with higher margins and step by step shelving off generic products.”
He more said, “We still have a leverage market presence and extremely competent execution capabilities. I see great scope for both higher penetration in existing markets and gap up newer ones, with 4 new products launched in the first and second quarter, we ar optimistic for the next quarter.”
The company launched a biological product Kayakalp in might last year that was received well by the farmers because it helps rejuvenates the soil naturally and retains additional moisture. the product has found acceptance among farmers growing almost any crop from groundnut to paddy and sugarcane to vegetables.
Kayakalp has seen brisk sales from all the states in the country. it has also been punctually tested and suggested by National Centre of Organic Farming, Ministry of Agriculture and Farmer Welfare, Government of india.
The company launched various new combination products throughout the last year that have done very well in the market. the company conjointly conducted extensive farmer education and coaching sessions across the country to let the farmers know of the varied aspects like benefits and dosage of using the crop care merchandise.
insecticides (India) Ltd is investing significantly in analysis at its R&D centre in Chopanki, Rajasthan to develop its own molecules for agrochemical products. insecticides (India) Ltd is the first Indian agrochemicals company that has established an in-house R&D Centre for developing new molecules for the insecticides, fungicides and herbicides.
The R&D centre is a unique initiative of product discovery in india by forming a joint venture with leading Japanese company OAT Agrio Co. Ltd. The new molecules developed by insecticides (India) Ltd will more bolster and establish the company in the agrochemical sector
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