Page 65 - Tata_Chemicals_yearly-reports-2019-20

Integrated report Statutory reportS FInancIal StatementS
Board's Report

1.2.4 Tata Chemicals International Pte. Limited the driver of growth has segments like Stem Borer, BpH,
the primary activities of tata Chemicals International pte. thrips and lepidopteran insects.
limited (‘tCIpl’), a wholly owned subsidiary of the Company,
constitutes trading, procurement and holding investments In the Fungicides category, rallis registered 9% top line
in overseas subsidiaries. tCIpl engages in trading of soda revenue growth and major contributors included brands
ash in South east asia, Middle east and India, trading of like ayaan, Sarthak, Contaf plus, taqat and Master. the
agro chemicals, and also manages procurement of some key segments where Fungicide portfolio registered good
raw materials. tCIpl is also exploring opportunities in allied growth were grain shine segment of paddy, Blight and
products in these markets. anthracnose of Chilli and downey Mildew and powdery
Mildew of grapes. rallis introduced two new products
For FY 2019-20, tCIpl’s revenue was uS$ 165.74 million - ayaan (paddy-Sheathblight/grain shine) and Sarthak
(` 1,174.73 crore) as against uS$ 118.07 million (` 825.26 (Chilli and vegetables).
crore) and the other income representing dividend from its
wholly owned subsidiaries was uS$ 21.90 million (` 155.22 rallis introduced two new herbicides namely trimbo
crore) as against uS$ 18.40 million (` 128.61 crore) for the in maize and Impeder in wheat crop to strengthen
previous year. For FY 2019-20, the profit after tax was uS$ its herbicide portfolio. With a strong presence in pre-
13.91 million (` 98.59 crore) as against uS$ 1.24 million emergent segment and crops like sugarcane and paddy,
(` 8.67 crore) for FY 2018-19. the herbicide portfolio registered a growth at 7% over the
previous year.
2. Specialty Products
2.1 Agri Sciences (Rallis India Limited) during the year, the International business of rallis
during the year under review, rallis India limited, listed achieved a revenue growth of 11% over the previous year
subsidiary of the Company (‘rallis’), achieved a consolidated at ` 721 crore as against ` 650 crore during FY 2018-19.
revenue from operations of ` 2,251.82 crore compared to Significant growth was recorded in north america, latin
` 1,983.96 crore in the previous year, an increase of 13.5%. net america particularly in Brazil and uSa. the business also
profit after tax of ` 183.69 crore, higher by 18.7% as against a gained 6 new registrations in strategic overseas markets.
net profit after tax of ` 154.78 crore in the previous year. partnership models with strategic customers that were
adopted during the year helped rallis in its growth journey
during the year under review, the domestic business through leveraging each others’ strengths. It continues
of rallis achieved a revenue of ` 1,167 crore as against its focus on developmental activities in key geographies
` 998 crore during FY 2018-19, an increase of 17%. the in latin america, South east asia, europe and african
Indian crop protection market for insecticides was markets.
projected to witness a growth of approximately 8%
during FY 2019-20. Insecticides remain the most used during the year, Metahelix life Sciences limited (‘Metahelix’),
crop protection chemical with around 55% share followed a step-down subsidiary of the Company, merged with rallis.
by fungicides and herbicides contributing 20% and 18% accordingly, Metahelix ceased to be a subsidiary of rallis
share, respectively, of the crop protection market in India. with effect from February 1, 2020 and has been classified
Increase in new pests like fall army worm is driving the as the Seeds division of rallis. Consequent to the strategy
need for adoption of insecticides in niche crops like maize. of consolidating all seeds sales through Metahelix since the
this, coupled with the increased emphasis on food safety, beginning of the FY 2019-20, the Seeds business was carried
is creating a shift towards the adoption of safer and more out only by Metahelix. during the year under review, the
expensive crop protection chemicals. With good climatic Seeds division of rallis achieved a revenue of ` 364 crore as
conditions prevailing throughout the major crop seasons against ` 336 crore during FY 2018-19, an increase of 8.3%.
in the country, the usage level of insecticides has been rallis continued to focus on its cotton business. the scale
low to moderate. Crops such as paddy, cotton, pulses, up of new launches in millet allowed it to regain its position
maize, chilly and vegetables are key contributors for from the setback experienced in the last two years. Vegetable
insecticides market in the country. rallis introduced two business was restructured as a separate line of business with
new products Zygant (paddy-Stemborer) and Cameo a dedicated sales and marketing team and rallis is focussed
(paddy-BpH) during the year. the key products like Zygant, on driving business growth in future. additionally, it also
Cameo, Summit, takumi, rilon, tafgor, etc. were the main progressed well in its genetically modified traits development
contributors towards the growth of rallis in this category. activity in targeted crops.

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