Agrichem exporters may harvest gains better than India-focused players

Higher demand and rising prices likely to help firms like UPL and PI offset input cost pressure

Listed crop protection or agrochemical majors are expected to be the big beneficiaries of the rise in agriculture commodity prices. Their gains are backed by favourable conditions in both Indian and global markets. While revenue growth is expected to be strong, margins can remain stable as companies pass on the higher input costs to customers.

In the domestic market, prospects are driven by a healthy rabi season and expectations of a normal monsoon. Rohan Gupta and Bharat Gupta of Edelweiss Research say: “Despite erratic and non-uniform rains, the monsoon has remained normal for the third consecutive year. We believe that rabi