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PI Industries stands strong amid dry spell for agrochemical players

The uptick in the global agricultural cycle will sustain the growth momentum in the CSM segment

Economic Survey 2019: Private investment in agriculture is falling

Even as firms in the domestic agricultural chemicals segment are expected to report muted single-digit growth for the June quarter, export-focused players such as PI Industries could outperform with double-digit year-on-year (YoY) revenue growth.  The better show in the quarter is largely because of contribution from the customer synthesis and manufacturing (CSM) segment, which accounts for two-thirds of its revenues.  The uptick in the global agricultural cycle will sustain the growth momentum in the CSM segment, helping PI post growth of 20-30 per cent YoY in the ...