'Net sales (including other operating income)
of P I Industries has declined 8.14% to Rs 1900.5 crore. Sales of Agro Chemicals segment has gone down
10.53% to Rs 1,828.70 crore (accounting for 96.20% of total sales). Sales of Pharma segment has gone up 185.77%
to Rs 72.30 crore (accounting for 3.80% of total sales). Inter-segment sales rose Rs 0.30 crore to Rs
0.50 crore.
Agchem Exports recorded a
14% decline, driven by a 9% drop in volumes, although new products delivered
strong growth of 46% year-on-year. This performance was in line with the
business plan and customer delivery schedules, with over 15 molecules
commercialised in the past three years. Domestic revenue grew by 6%
year-on-year, supported by a 7% increase in volumes. Excluding biologicals, domestic
revenue growth was 13%, benefitting from a strong Kharif season and increased
rice acreage. Rev...
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