How India buys

How India buys fertilisers, seeds and crop protection

The listed companies behind it: Advanta, DITHANE, Alta Seeds, Gromor, MyGromor, Cortus.

4 listed companies sold ₹73,437 crore of fertilisers, seeds and crop protection in FY25. UPL Ltd sold the most, 60.3% of it. Godrej Industries Ltd earned the most on each rupee of sales: 18.8%.

Listed companies' sales, FY25

₹73,437 Cr

Largest seller

60.3%

UPL Ltd

Best margin

18.8%

Godrej Industries Ltd

The brands, and who owns them

28 brands of fertilisers, seeds and crop protection, best known first

UPL LtdNSE: UPL · 60.3% of the listed sales

AdvantaDITHANEAlta SeedsaphixBruciaCENTURIONCopioCUPROFIXFOLTRON PLUSGainexaigrowthIris

Coromandel International LtdNSE: COROMANDEL · 32.8% of the listed sales

GromorMyGromorCortusEndurerGromor DriveGrovibeHexastopJatayuKapeni

Fertilizers & Chemicals Travancore LtdNSE: FACT · 5.5% of the listed sales

FactamfosZincated Factamfos

Godrej Industries LtdNSE: GODREJIND · 1.4% of the listed sales

ByproBypro PlusDhanalaxmi GGodrej Pride HogSamruddhi

Advanta, DITHANE, Alta Seeds, aphix and others are UPL Ltd's; Gromor, MyGromor, Cortus, Endurer and others are Coromandel International Ltd's; Factamfos, Zincated Factamfos are Fertilizers & Chemicals Travancore Ltd's; Bypro, Bypro Plus, Dhanalaxmi G, Godrej Pride Hog and others are Godrej Industries Ltd's. Brands are read from each company's filings and checked against a public source.

Who sells the most

Share of the listed companies' sales, FY25

UPL Ltd₹44,265 Cr · 95% of its sales Crop Protection 89% · Seeds 11%

60.3%

Coromandel International Ltd₹24,085 Cr · 100% of its sales Nutrient and other allied business 89% · Crop protection 11%

32.8%

Fertilizers & Chemicals Travancore Ltd₹4,023 Cr · 99% of its sales

5.5%

Godrej Industries Ltd₹1,063 Cr · 5% of its sales

1.4%

UPL Ltd had 60.3% of the listed companies' sales of fertilisers, seeds and crop protection here, 1.8 times as much as Coromandel International Ltd, the next largest. The two together sold 93%; the other 2 the rest.

From each company's own sales figures for this kind of product (its reported segment, or its whole sales where that is all it sells). Private makers are not counted, so this is the split among listed companies, not the whole market.

How the sales have grown, and who sold them

Sales of fertilisers, seeds and crop protection each financial year in ₹ crore (L = lakh crore), the change on the year before above each column

UPL LtdCoromandel International LtdFertilizers & Chemicals Travancore LtdGodrej Industries Ltd

The listed companies here sold ₹81,664 Cr of fertilisers, seeds and crop protection in FY26, up from ₹69,414 Cr in FY25.

Who earns the most on each rupee

Operating profit as a share of sales of fertilisers, seeds and crop protection, each financial year

UPL LtdCoromandel International LtdGodrej Industries Ltd

Operating profit before interest and tax, as a share of sales of fertilisers, seeds and crop protection. UPL Ltd earned 14.6% on its sales in FY26, against 13.5% in FY25. Coromandel International Ltd earned 9.4% on its sales in FY26, against 10.7% in FY25. Godrej Industries Ltd earned 15.8% on its sales in FY26, against 18.8% in FY25.

The companies, and their brands

Company and brands	Sales FY25	Growth 1 yr	3 yrs	5 yrs	Margin	Profit share	Return on assets	P/E	ROE	Share price 1 yr
UPL Ltd Advanta, DITHANE, Alta Seeds, aphix, Brucia, CENTURION, Copio, CUPROFIX, FOLTRON PLUS, Gainexa, igrowth, Iris Sells in 21 states; exports 65.15% of turnover	₹44,265 Cr	+10.8%	—	—	13.5%	65.4%	8.6%	21.7	6.0%	-21.7%
Coromandel International Ltd Gromor, MyGromor, Cortus, Endurer, Gromor Drive, Grovibe, Hexastop, Jatayu, Kapeni Sells in 19 states and 46 countries; exports 4.36% of turnover	₹24,085 Cr	+30.7%	—	—	10.7%	28.1%	19.2%	27.7	17.1%	-20.9%
Fertilizers & Chemicals Travancore Ltd Factamfos, Zincated Factamfos Sells in 7 states; exports 0.0% of turnover	₹4,023 Cr	—	—	—	9.7%	4.3%	8.5%	-448.9	-2.9%	-15.6%
Godrej Industries Ltd Bypro, Bypro Plus, Dhanalaxmi G, Godrej Pride Hog, Samruddhi Sells in 28 states and 70 countries; exports 24.0% of turnover	₹1,063 Cr	+7.0%	—	—	18.8%	2.2%	12.3%	28.6	-7.3%	-6.1%

Brands are read from each company's filings and checked against a public source. Growth is the yearly rate of its sales of fertilisers, seeds and crop protection. Margin is the operating profit (before interest and tax) the company reports on them, as a share of those sales; profit share is its part of all the listed companies' profit on them; return on assets is that profit against the assets it reports for them. A company with no other business is measured on its whole accounts. Where a company's segments include sales between its own businesses (a bank's treasury lending to its retail arm), each segment is scaled down in proportion so that together they match what the company earns outside itself; companies report those internal sales only as a total. Not a recommendation to buy or sell.

Questions people ask

Which listed companies sell fertilisers, seeds and crop protection in India?

4 listed companies report their sales of fertilisers, seeds and crop protection: UPL Ltd (UPL), Coromandel International Ltd (COROMANDEL), Fertilizers & Chemicals Travancore Ltd (FACT), Godrej Industries Ltd (GODREJIND).

Which listed company sells the most fertilisers, seeds and crop protection in India?

UPL Ltd, with sales of fertilisers, seeds and crop protection of ₹44,265 crore in FY25: 60.3% of the listed companies' total here.

How big is the listed market for fertilisers, seeds and crop protection?

The listed companies here sold ₹73,437 crore of fertilisers, seeds and crop protection in FY25. Private makers are not included.

Which listed company makes the most profit on fertilisers, seeds and crop protection?

Godrej Industries Ltd: its operating profit was 18.8% of its sales of fertilisers, seeds and crop protection in FY25.

Who owns Advanta?

Advanta is a brand of UPL Ltd, listed on the NSE as UPL.

Who owns DITHANE?

DITHANE is a brand of UPL Ltd, listed on the NSE as UPL.

Who owns Gromor?

Gromor is a brand of Coromandel International Ltd, listed on the NSE as COROMANDEL.

Who owns MyGromor?

MyGromor is a brand of Coromandel International Ltd, listed on the NSE as COROMANDEL.

Who owns Factamfos?

Factamfos is a brand of Fertilizers & Chemicals Travancore Ltd, listed on the NSE as FACT.

Who owns Zincated Factamfos?

Zincated Factamfos is a brand of Fertilizers & Chemicals Travancore Ltd, listed on the NSE as FACT.

Who owns Bypro?

Bypro is a brand of Godrej Industries Ltd, listed on the NSE as GODREJIND.

Who owns Bypro Plus?

Bypro Plus is a brand of Godrej Industries Ltd, listed on the NSE as GODREJIND.