Agri input firms likely to earn robust profits in Q3 ahead of rabi season

Insecticides India and Dhanuka Agritech are expected to report healthy growth

Companies making agricultural inputs are set to post better profits in the December quarter due to rising demand of seeds, agro-chemicals and fertilisers in the rabi season.

The trend is likely to continue in the second half of the financial year with both the top and bottom lines of farm input companies expected to witness robust growth. The first half of the year was affected by inventory buyback in the run-up to the imposition of the goods and services tax and delayed monsoon rainfall.

Rabi sowing was marginally lower at 60.95 million hectares on January 12 than 61.51 million hectares