Rallis: Investors should wait for consistent performance in upcoming qtrs

What has helped the performance in the quarter, especially in the domestic business, is the early kharif season which resulted in stocking up of products in the June quarter

Led by its domestic crop protection business, Rallis India posted a better-than-expected performance in the June quarter. A strong rabi season, remunerative prices, good monsoon, and reservoir levels led to higher demand for its products in the domestic market, helping buttress revenues which were up 6 per cent year-on-year.

What helped the performance in the quarter, especially in the domestic business, was the early kharif season. This resulted in the stockpile of products in the June quarter.

The domestic formulations segment saw 26 per cent growth. This could moderate in the coming quarters. Its seeds business, however, disappointed, with lower volumes due