Aries Agro

Aries Agro demonstrated strong financial performance in FY25. Consolidated Gross Revenue reached ₹804.39 crores, marking a 19.54% increase from ₹672.86 crores in the previous year. Standalone gross revenue also saw a significant rise of 17.22% to ₹778.35 crores, driven by robust international sales and contributions from its UAE units and associate company. Profitability metrics showed substantial improvement, with EBITDA growing 23.77% to ₹72.28 crores (7,228.21 Lakhs) and PBT surging by 56.37% to ₹44.39 crores (4,438.78 Lakhs).

The company achieved a domestic capacity utilization of 76.32% for its 95,400 MT p.a. installed capacity in FY25. The UAE plant played a crucial role, producing 8,751 MT of Sulphur Bentonite and other value-added Sulphur products for both Indian and global markets. Operational efficiency was further enhanced, with inventory turnover improving to 78 days and trade receivables turnover to 69 days. New products introduced included Aries Ecoshield, Majorsol Soybean & Pulses Special, Calmax, and Zinc HD Gold.

Aries Agro significantly reduced its dependence on imports, with the percentage of imported raw materials dropping from 51% in 2018-19 to 18% in 2024-25. A key success in this initiative was the in-house manufacturing of the Aries HD range, which effectively substituted water-soluble fertilizer imports from China. This HD range has shown consistent growth, with a projected Q1 FY26 growth of 61% over Q1 FY25.

The company expanded its market presence by engaging with over 17.9 lakh farmers across 26 states through various programs, including the 'Farmer Meetings Day' recognized by the India Book of Records. Internationally, Aries expanded its footprint to Australia, Brazil, New Zealand, Nigeria, Nepal, Philippines, Taiwan, and UAE. Digitization efforts, such as the Aries Everywhere App and Khazaana reward system, have made core business operations more agile and farmer-focused, contributing to a combined social media audience reach of approximately 470,950.

Aries Agro's CSR initiatives reached over 17.9 lakh farmers, providing knowledge-sharing programs and support through call centers staffed by 21 agricultural experts. The company boasts a diverse workforce of 1,203 employees across India and UAE, with over 53% being young professionals and 44% women employees in Mumbai. Investments in employee training and development were made through partnerships with institutions like NMIMS, Welingkar Institute, and Cornell University.

For FY26, Aries Agro has set a target of ₹950 crores in gross revenue, supported by annual bookings of ₹830.44 crores. However, the company acknowledges the erratic monsoon patterns for 2025, which have led to delays in sowing and crop stress, impacting demand timing and intensity for the agri-input industry. To mitigate these challenges, management is implementing strategies such as automation, enhanced warehousing, and better inventory controls to manage erratic demand patterns.

The rollout of GST 2.0 brought positive changes for micronutrients under the Fertilizer Control Order, with reduced GST rates directly benefiting farmers. Aries Agro has passed these benefits to consumers by proportionately reducing MRPs across 15 products. While acknowledging potential inverted duty structures on some inputs, the company expects its diverse portfolio to mitigate any significant adverse impact on GST-related cash outflows. The company continues to advocate for balanced plant nutrition through various industry bodies.