Page 4 - Agrochemical Companies
From UPL to PI Industries, favourable weather for agrochem companies
Recovery in global demand and govt measures to boost farm incomes will add to overall demand
 "From UPL to PI Industries, favourable weather for agrochem companies")
Monsoon: Export-centric agrochem firms to gain more than home-focused ones
With normal rain this monsoon season, agro-chemical companies are looking at better profitability in the coming quarters, following bumper sale of seed and pesticide.An HDFC Securities' report of last week said companies with a focus on export, such as UPL, would see 10-13 per cent growth in their net profit. And those with a domestic-centric business like PI Industries or Dhanuka Agritech would report a five to eight per cent growth in profitability during the quarter ended June.Agro-chem companies faced several headwinds before implementation of the goods and services tax (GST), with lower inventory build-up by dealers and retailers. However, the forecast for a normal, for a consecutive year, has raised hope for an upsurge in demand for seed and pesticide, for kharif sowing."Consecutive normal rainfall in 2017 is a positive for these companies, as only around 45 per cent of arable land has irrigation. In the long term, better farm income, improved irrigation facilities, new product .
 "Monsoon: Export-centric agrochem firms to gain more than home-focused ones")
Agrochemical shares soar on monsoon forecast
Monsanto India, Jubilant Industries, Atul, Sharda Cropchem, Rallis India gained between 1% - 17% on Thursday
 "Agrochemical shares soar on monsoon forecast")