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The stock of agri input major Rallis India was down 9.7 per cent in trade on Friday, after the company reported weak March quarter (Q4FY22) results. It has fallen another 4 per cent since then. A sluggish performance in the international segment and margin pressure led to the underwhelming results.
The company’s 7.7 per cent growth in consolidated revenues was a function of domestic growth. Sales in India was up 25 per cent YoY to Rs 294 crore; this geography accounted for 58 per cent of sales. Robust sales were led by 13 per cent growth in realisations and a 12
