Best Agrolife reports improved margins despite revenue dip

Best Agrolife Limited reported Q1 revenue of INR 382 crores, down from INR 519 crores last year, due to strategic sales policy changes and delayed monsoon. However, gross margins improved sharply to 30% from 24%.

The company expects full-year revenue of INR 1,600-1,700 crores with EBITDA margins exceeding 15%. Patented products now contribute 45% of brand sales, up from 29% previously. Sales returns are projected to fall significantly to 10%-12% from 20%-24%.