Protected Cultivation's Achilles Heel🚯; Elevarm's 2024 Impact Report🎯Analysis; Q4 FY 25 Results 📈- Dhanuka Agritech Vs Rallis India Vs Bayer India Vs Coromandel India Vs PI Industries

Welcome to Second Edition of Fridays with Venky!

State of Agritech - 13th June 2025

In Today’s Edition:

1/ Protected Cultivation’s Achilles Heel: Microplastics

Making Sense of GROWiT’s $3Mn Fundraise; Is Microplastics Protected Cultivation’s Achilles Heel? Does Microplastics affect photosynthesis? What about bioplastics? Does regulation (in EU and India) have teeth?

2/ Elevarm’s 2024 Impact Report Analysis

Making Sense of Elevarm’s Impact Flywheel; Can Elevarm’s Farmer Partnership Model work in conjunction with the Plantation Model?

3/ Q4 FY25 Results: Dhanuka Agritech Vs Rallis India Vs Bayer India Vs Coromandel India Vs PI Industries

Dhanuka Agritech and PI Industries led Q4 FY25 with strong margin discipline and innovation-led growth, while Coromandel rode on fertilizer-market recovery and agri-service expansion. Bayer India rebounded with liquidation-led growth in seeds and crop protection; Rallis India, though struggling with profitability, showed green shoots through volume recovery, digital farmer outreach, and a renewed product pipeline.