The company has taken series of measures towards growth.

There has been lot of transformation of business activities undertaken in all businesses; domestic formulations, seeds and international business. More fine tuning of existing structure has been done.

The company plans to launch 11-12 new products in coming years, of which 5 will be in FY 20. 2 products got registered so far till July 19, 2019

The delayed rain has affected the domestic business which was down by around 2% YoY. However first 2 weeks of July saw improved monsoon. Some catch up has happened. Some reasonable traction happened in July 19 in domestic market.

International business grew by 12% in June 19 quarter. The capacity expansion is completed and production of 500 tons of metribuzin started. 500 tons additional should be completed and operational by end of Dec 19 which will make total capacity of Metribuzin to 2000 tons p.a by end of Dec 19.

The company will have 15% market share of global metribuzin market, once the capacity gets onstream.

Dahej would be operational and commercial by next Kharif season, activities and trials are already in place.

Trade terms well received and will help in reduction of overall working capital days

Cotton and maize accounts for around 40% total seeds business. In seeds business, the company has added hybrid maize, fruits and vegetables in its portfolio to make it more balanced going forward.

Seeds subsidiary Metahelix's income is considered as Agricultural income and hence lower tax.

Successful launch of 2 new products should help in coming quarter. RM prices still are a worry. High inventory in international market may impact international sales. Going forward, outlook for Sep 19 quarter is challenging.

Crop protection business generally happens in Sep 19 quarter. More watchful in Sep 19 quarter this time.

Imported raw material cost continues to remain in an upward trend. Not possible to pass on entire cost to trade resulted in pressure on gross margin

While there is a warning announced on the outlook for agro chemical and specialty chemical business by global giants, due to slow demand and high inventories, Rallis has many products, so while some products will face the slowdown, others will do well.

Overall in about 5-6 years, the company expects to invest around Rs 800 crore for capacity expansion, backward integration and launch of new molecules. The company is continuously working on improving its share of specialty portfolio in the overall mix.