Agri input firms see higher Q2 profits due to rise in sales, normal monsoon

They aim to achieve the full benefit of price hikes in the December quarter

Agricultural input companies have posted decent growth in revenue and net profit for the quarter ended September, with sales rising on normal monsoon rain and price hikes. 

PI Industries, for example, reported a 29 per cent jump in revenue to Rs 7.2 billion from the same period last year. Net profit grew 17.5 per cent to Rs 944 million. Rallis India posted 11 per cent growth in the quarter's revenue to Rs 6.5 billion and a 10 per cent jump in net profit to Rs 852 million.   

While companies have been able to pass on their raw material price hikes to