Bayer India reports annual results for FY 2018-19
May. 31, 2019
In Q4 of FY 2018-19, the Company registered Revenue from Operations of Rs. 1,288 million and Loss for the quarter of Rs. 798 million. Commenting on the quarterly results, D. Narain, Vice Chairman & Managing Director and CEO of Bayer CropScience Limited, stated, “Adverse weather and drought led to a weaker than expected Rabi season. This affected our fourth quarter performance and we shifted our focus on receivables collection and channel inventory reduction. While overall crop economics remain stressed in the near-term, we are convinced about the long-term potential of the market. We will continue to contribute towards sustainable agriculture and prosperity for Indian farmers through product innovation, digitalization and partnerships.”
Sharing the future outlook for Bayer CropScience Limited, D. Narain, said, “Based on the anticipated completion of the merger in India, we envisage new market opportunities and operational synergies from the integration with Monsanto. In the short to medium term, our robust lineup of new products in crop protection and hybrid seeds will help us expand our farmer reach to new crop segments. We also plan new launches in Environmental Science to boost the Indian public health market. Besides new products, Bayer CropScience Limited will accelerate business growth through new business models that will offer tailored agronomic solutions to farmers.”
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