Rallis India Ltd — Earnings Release 2021

Oct 19, 2020

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October 19, 2020

BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra-Kurla Complex Bandra (E) Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 500355 Symbol: RALLIS

Dear Sir/Madam,

Re: Press Release

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith is a copy of the Press Release with regard to the Unaudited Standalone and Consolidated Financial Results of the Company for the second quarter and half year ended September 30, 2020.

A copy of the press release is also uploaded on the Company's website www.rallis.co.in.

You are requested to take the same on record.

Thanking you,

Yours faithfully,

For Rallis India Limited

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Yash Sheth

Company Secretary

Encl: As above

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Corporate Office: 2[nd] Floor, Sharda Terraces, Plot No 65, Sector 11, CBD Belapur, Navi Mumbai – 400 614 Tel: 91 22 6776 1700 Fax: 91 22 6776 1634

Registered Office: 23[rd] Floor, Lodha Excelus, New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai – 400 037 Tel: 91 22 6665 2700 Website: www.rallis.co.in Corporate Identity No. L36992MH1948PLC014083

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Rallis/PR/05-2021/Corp Q2FY2021 Press Release

Rallis India reports Q2 Consolidated Revenues at ₹ 725 Cr PAT at ₹83 Crores

Mumbai, 19 October, 2020: Rallis India Limited, a TATA Enterprise and a leading player in the Indian agri-inputs industry announced its financial results for the quarter ended 30 September 2020.

The company witnessed a moderate quarter-ending with 3% decrease in revenues YoY, despite strong domestic performance. Crop Care grew by 8% YOY and Seeds by 29%. However, international revenues were under pressure, recording a decline of 29%. EBITDA margins were stable.

Announcing the results , Mr. Sanjiv Lal, Managing Director and CEO, Rallis India said, “Gradual return to normalcy and a good monsoon season have led to a favourable momentum for agricultural activities. Even though we are now in the Unlock phase, we continue to prioritise the safety and wellbeing of our employees. We have registered an 8% revenue growth during Q2 for domestic crop care business and a 29% revenue growth in seeds. Product specific challenges in the international business resulted in 29% YoY de-growth during Q2. Strong operating discipline resulted in improved cash from operating activities. Despite covid challenges, our capex program and focus on new product introduction remain on course “

Consolidated Key Highlights – Q2

The Company recorded consolidated revenues of ₹725 Crs for the quarter ended 30 September, 2020, a decline of 3% over PY of ₹749 Crs. Profit before tax (before exceptional items) was at ₹108 Crs, with a growth of 3% over PY of ₹105 Crs and the profit after tax (after exceptional items) was ₹83 Crs, registering a decline of 2 % over PY of ₹85 Crs.

Consolidated Key Highlights – H1

The Company recorded consolidated revenues of ₹1388 Crs for the half year ended 30 September, 2020, a growth of 1% over PY of ₹1372 Crs. Profit before tax (before exceptional items) was at ₹228 Crs, with a growth of 19% (PY ₹192 Crs) and the profit after tax (after exceptional items) was ₹175 Crs, registering a growth of 21 % (PY ₹ 145 Crs).

Key Developments –

• High focus on Safety, amidst the pandemic

• Amidst Covid challenges, shipping, logistics and coordination were in high focus

• Procurement of additional raw material stocks to avert production disruptions

• Digital launch of new 9(3) product, Kriman

• Continued our strong focus on ensuring availability of products at the retail end

• Collection focused initiatives have helped continue strong performance on collections resulting in reduced working capital days to 65 from previous year of 104 days

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• Although regular demand generation activities were affected, continued our distance marketing efforts with increased activity on Facebook, WhatsApp, YouTube and other platforms

• Capex program, generally on course, although delays expected due to site conditions following excessive rainfall and manpower availability.

About Rallis India

Rallis India Ltd. is a subsidiary of Tata Chemicals and a part of over US$ 110bn Tata Group. It is one of India’s leading Agro Sciences Companies, with more than 160 years of experience of servicing Rural Markets and with the most comprehensive portfolio of products/solutions for Indian farmers. Rallis is known for its deep understanding of Indian Agriculture, sustained contact with farmers, quality agrochemicals, branding & marketing expertise along with its strong product portfolio. Rallis has marketing alliances with several multinational agrochemical companies. Rallis is also known for its manufacturing capabilities and ability to develop new processes and formulations, hence is considered as a preferred partner for contract manufacturing by leading global corporations.

For more information please contact:

R Nanda | Manisha Keshwa

Corporate Communications Tata Chemicals Ltd Tel: +91 22 66437468 |+ 91 8879288634 Email:rnanda@tatachemicals.com| mkeshwa@tatachemicals.com

Siddharth Kumar | Namrata Kulkarni

Adfactors PR Mobile – 9902929187 | 7506037850 Email: siddharth.kumar@adfactorspr.com Namrata.kulkarni@adfactorspr.com

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