Prabhudas Lilladher: Fertilisers’ Placement Growth Tapers Down In November 
An employee handles granules of urea, or carbamide, at a fertiliser plant. Photographer: Andrey Rudakov/Bloomberg

Prabhudas Lilladher: Fertilisers’ Placement Growth Tapers Down In November 

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Prabhudas Lilladher Report

Fertilizer sales grew 2% in November driven by 8%/9% growth in Urea/nitrogen phosphorous potassium sulphur (NPKS).

Diammonium phosphate (DAP)/ single super phosphate (SSP) placements were down 15%/18% YoY.

Sale of domestically manufactured fertilisers are flat YoY while that of imported fertilisers are up 11% YoY driven by Urea (up 23%) and NPK (up 123%) respectively.

While underlying demand is likely to be resilient, growth rates are expected to remain subdued due to high base.

Click on the attachment to read the full report:

Prabhudas Lilladher Fertilisers Update.pdf


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