Agri input firms expect double-digit growth in sales, net profit in FY19

Normal monsoon and MSP hike to boost profits

Companies manufacturing farm input such as seeds, fertilisers and agrochemicals are likely to post double-digit growth in sales and net profit in 2018-19 on the back of an anticipated normal monsoon and possibility of increases in minimum support prices (MSPs) for kharif crops in 2018.

Equity brokerage firm Elara Securities has forecast agri chemicals companies such as Dhanuka Agritech, Insecticides India, PI Industries, Rallis India and UPL may post 10-17 per cent and 14-18 per cent jump in their revenue and net profit, respectively, in 2018-19.

Sales of agri raw materials are likely to remain positive on growing rural consumption and rising