Rallis net revenues up 15% in FY13

For the Financial year ended 31st March 2013, Rallis India reported a 15% jump in Net Revenues to reach a new high at Rs. 1440 Crs (Rso1249 Crs) and PAT also smartly rose by 20% to scale up to Rs.119 crs (Rso99 Crs).

During Q4 FY13, Rallis India reported top line of Rs.279 Crs (Rso 208 Crs) an increase of 34% over previous year and EBITDA also grew toRso 29 crs (Rso 12 crs) an increase of 134% largely driven by branded volumes.

Commenting on the performance and developments, Mr. V Shankar, Managing Director and CEO, Rallis India said, "l am pleased that the Company has crossed a new milestone of Rso 1500 crs revenues growing 16% over previous year. This is despite tough environment and business conditions during the year.Our customer relationship building activities Rallis Kisan Kutumba (RKK), Grow More Pulses (MoPU) etc moved to the next orbit with significant increases in farmer contacts and filed level productivity improvement programmes".

The Company continued its investments in strengthening its key brands and could increase the contribution of these brands in its portfolio.

Dahej Plant operated at full capacity and contributed well to the Company's growth.

Geogreen, the new Organic Manure introduced during the year, has been accepted well by the farmers, who are able to see crop productivity improvement by its usage.