Dhanuka sales up 27% in 2013/14
Indian agrochemical company Dhanuka Agritech recorded a net sales rise of 26.8% to Rs 7,384.1 million ($126.3 million at the current rate) in its fiscal year ended March 31st 2014. Profit after tax (PAT) was up by 44.5% to Rs 931.4 million ($15.9 million). Fourth-quarter net sales increased by 15.8% to Rs 1,518.8 million ($26 million), while PAT rose by over a quarter (25.7%) to Rs 224.6 million ($3.8 million). “The consumption of crop protection chemicals is growing at a fast pace in India too, with increasing farm incomes and awareness amongst farmers," says company chairman R G Agarwal. Dhanuka expects to outperform the growth of the domestic crop protection industry.