Insecticides (india)

GCPL expects flattish volume growth in Q3 sales on rise in soap prices

Impacted by an increase in soap prices and unseasonal rainfall slowing down sales of the home insecticides (HI) segment, Godrej Consumer Products expects a "flattish" underlying volume growth and a mid-single-digit sales growth in the domestic market in the December quarter. Both segments jointly contribute to two-thirds of GCPL's standalone revenue -- mainly income from operations from the domestic market. However, the rest of the portfolio is demonstrating good performance and is expected to deliver double-digit underlying volume growth, Godrej Consumer Products Ltd (GCPL) said in an update on business conditions and quarterly performance to the exchanges. "The demand conditions in India have been subdued for the past few months which is evident in the FMCG market growth," it said. A surge in palm oil and derivatives prices to the extent of a year-on-year increase of 20-30 per cent has impacted the soaps category, representing one-third of GCPL's standalone business revenue. "To

Agro-chemical stock soars 17% on buyback plan; zooms 128% from June low

Insecticides (India): Board of directors of the company is scheduled to be held on Friday, August 30, 2024, to consider the proposal for buyback

Agrochemicals shares rally up to 12% on healthy outlook; Rallis at new high

Analysts at Elara Capital remain bullish on the Rallis' crop care division prospects, driven by the robust outlook on the domestic business and cautiously optimistic outlook on the international biz.

Spice row: Govt plans greater scrutiny, guidelines on use of ethylene oxide

ETO, a flammable, colourless gas is generally used as a disinfectant, sterilising agent as well as an insecticide to reduce microbial contamination in spices

New govt may kick off pesticide, seed reforms in agriculture sector

The industry wants reforms in the Central Insecticides Laboratory (CIL) as well to cut down on pending lists and time taken for clearance of new applications

Insecticides (India) Ltd Q3 results: Net profit rises 37% to Rs 17.07 crore

Insecticides (India) Ltd on Monday posted a 37.21 per cent rise in its consolidated profit to Rs 17.07 crore in the December 2023 quarter. The company's profit stood at Rs 12.44 crore in the October-December quarter in the year-ago period, according to a regulatory filing. Total income remained flat at Rs 357.94 crore on a consolidated basis during the third quarter of this fiscal. It posted a total income of Rs 356.53 crore in the same quarter of the previous fiscal. Expenses were at Rs 342.13 crore during the period under review. It stood at Rs 344.54 crore a year ago, the filing said. Shares of the company settled 1.96 per cent higher at Rs 618.55 apiece on the BSE.

Insecticides India to invest Rs 150 cr in next 2 yrs on capacity expansion

Insecticides India Ltd (IIL) Managing Director Rajesh Aggarwal on Sunday said the company will invest Rs 150 crore in the next two years on capacity expansion in Rajasthan and Gujarat, and also launch new herbicide and insecticide products before 'Navratri'. Speaking to PTI, Aggarwal said the company will invest about Rs 100 crore for setting up of a new plant at Sotanala in Behror district of Rajasthan, in the next two years. "Last week, we acquired 15-acre plant at Sotanala in Behror district. Lot of sheds are already there and we plan to manufacture agro-chemicals. We will invest about Rs 100 crore investment here in the next two years," he said. The plant will be implemented in phases and the work might commence by year-end, he said adding this is a second plant in Rajasthan and the other one is located at Chopanki which is up and functioning. Aggarwal further said the company will invest Rs 25 crore in the next fiscal for expansion of its SEZ plant located in Dahej, Gujarat an

Insecticides India Q1FY24 profit falls 24% on higher expenses

Insecticides (India) Ltd on Thursday posted a 24 per cent drop in its consolidated net profit to Rs 29.14 crore during the first quarter of 2023-24 on higher expenses. Net profit stood at Rs 38.30 crore in the same quarter of the previous financial year, according to a regulatory filing. Total consolidated income increased to Rs 639.95 crore during the April-June quarter of the 2023-24 fiscal from Rs 560.68 crore in the year-ago period. However, the company's expenses were higher at Rs 604.35 crore as against Rs 510.26 crore in the said period. The company said it incorporated a wholly-owned subsidiary IIL Overseas DMCC (Dubai) on May 1 this year to carry out the business of trading of insecticides, agricultural and veterinary products. Shares of the company settled lower by 0.71 per cent at Rs 463.45 apiece on BSE on Thursday.

Civil society, pesticide industry present contrasting picture on ban order

The Supreme Court also asked the government to place on record two reports on the use of harmful chemicals and pesticides in India

Govt plans to shut down 2 plants of Hindustan Insecticides; cites losses

The government on Friday said it is planning to shut down the operation of state-owned Hindustan Insecticides Ltd's (HIL) two plants located in Kerala and Punjab due to losses incurred for the last several years. Minister of State for Chemicals and Fertilisers Bhagwanth Khuba, in his written reply to the Lok Sabha, said: "Yes Sir", when asked if the government proposes to close down the operation of Kerala and Punjab plants of HIL. He also said that the government is aware of the reports that the salaries of employees have not been disbursed for the last five months. To address this, the government has proposed the closure of the two units of HIL i.e Bathinda in Punjab and Udyogamandal in Kerala, he said. "Accordingly, a proposal seeking funds from the government has been made to cater to meet the expenditure arising on account of VRS/VSS and payment of balance dues of the employees of both units proposed for closure," he added. Khuba further said the two plants in Kerala and Punj

Budget should allocate funds on R&D to develop pesticides, organic manure

The Union budget to be presented by Finance Minister Nirmala Sitharaman on February 1 should look forward to allocating funds on research and development (R&D), said a top official of Insecticides India Limited.

Insecticides India up 3% in weak market; hits 52-wk high on healthy outlook

For FY23, the management expects the top line to grow by a double digit, mainly driven by expansion of facilities, addition of new generation products and significant number of product registrations.

Insecticides board to mull share buyback on March 30; stock surges 11%

The board of directors of the agrochemicals company is scheduled to meet on March 30, to consider share buyback proposal.

Insecticides reports 33% decline in June-quarter profit to Rs 24 crore

Insecticides India Ltd on Friday reported a 33 per cent decline in its net profit at Rs 24.1 crore for the quarter ended June.

Locusts reach Gondia in Maharashtra, Delhi mulls plastic cover for saplings

In Rajasthan, which has been worst hit, officials say 90,000 hectares in 20 districts have been affected; standing crop in 4,000 hectares in Sri Ganganagar, 100 hectares in Nagaur has been destroyed

Locust attack: Delhi govt issues advisory, Haryana sounds high alert

The advisory comes in the backdrop of severe locust attacks being reported from many parts of the country, including Rajasthan, Madhya Pradesh, Gujarat, and Maharashtra

Insecticides (India) to invest Rs 15 cr in export oriented unit in Gujarat

The listed agrochemicals firm will also invest Rs 100 crore in brownfield projects

Insecticides (India) to set up manufacturing unit in UP

It had clocked a top line of Rs 988 cr in FY16 against Rs 964 cr during the preceding financial year