Pest attacks to deliver sales boost to agri input companies in FY19

However, there are some headwinds in terms of lower rabi acreage which has stoked fears of a marginal drop in sales during the remianing part of the current financial year

After two tepid years, agri input companies are set to post robust growth in their top lines and bottomlines during the current financial year, following improvement in sales of insectides and other products due to intermittent pest attacks in agricultural crops.

Most agri-centric companies posted a rapid growth in turnover and profit for the October–December quarter on improvement in sales. Revenue and net profit of Insecticides India jumped by 22.6 per cent and 75 per cent to Rs 216 crore and Rs 17 crore respectively for the October–December quarter. The total revenue of UPL Ltd rose to Rs 2,216 crore