Profitability surged due to higher shrimp realizations and cost efficiencies, partially offset by volume declines from labor shortages and shipping disruptions.
A challenging quarter due to a weak monsoon and one of the shortest sowing windows in recent seasons impacted sales, but the underlying growth story remains intact with strong adoption of new hybrids and a focus on research.
The company navigated a quarter with restructuring of its CPG segment, closure of a refinery, and a focus on working capital and cost efficiencies amid a recovering sugar price environment.
Stable revenue and a 16% PAT increase driven by growth in high-margin patented products and improved gross margins, despite export headwinds.
A delayed monsoon impacted first-quarter performance, but the company expects recovery as agricultural activity normalizes, supported by its focus on premium products and strategic investments.