Yara India eyes 8-9 pc business growth in next 3 years

Yara India on Tuesday said it is eyeing over 8-9 per cent revenue growth year-on-year for the next three years across all business segments and not limited to logistics alone.

Yara India is a part of Norwegian multinational Yara International, a crop nutrition company and a provider of agricultural, industrial, and environmental solutions.

"Yara India recorded overall revenues of Rs 5,342.14 crore for the period April 2024-March 2025, up from Rs 4,837.32 crore in FY 2023-24. The company expects to grow by over 8-9 per cent year-on-year for the next three years. This projected growth is across all business segments and not limited to logistics alone," a company statement said.

The company has released its third Sustainability Report 2024, titled 'Greener Pathways - Fostering a Nature-Positive Food Future'.

The report captures the company's Environmental, Social, and Governance (ESG) performance across its operations in India and especially the manufacturing plant in Babrala, Uttar Pradesh, and community initiatives under Kiran, a Yara India community initiative.

As per the report, over 6,50,000 farmers were reached through agronomy sessions and digital platforms like FarmCare and YaraConnect.

In the January-December 2024 period, 8,200 MT of premium product movement in Western Uttar Pradesh led to freight savings of USD 2,05,000.

It reused 967 million litres of water, afforested 7.4 acres, and targeted a 70,000 tonnes of CO₂ equivalent (gases), or tCO₂e, reduction in emissions by 2026.

It aims to incorporate 30 per cent of women leaders by 2025 and empower women farmers through tailored interventions.

It empowered 699 youth- and women-led MSMEs across Uttar Pradesh and Bihar through a 15-week accredited capacity-building programme, equipping them with leadership and business skills to drive sustainable growth.

It reached 20,000-plus students, provided healthcare to 6,389 patients, and supported 379 women’s self-help groups.

The company stated that it maintained zero confirmed incidents of corruption, with 100 per cent of operations assessed for corruption risks, supported by robust policies including Code of Conduct, Anti-Bribery, Whistleblower, and POSH.

"Sustainability is not just an initiative, but how we operate at Yara. From building resilient farming communities to transforming how food is grown and delivered, Yara India is committed to creating lasting value," Sanjiv Kanwar, Managing Director of Yara South Asia, said.

May-Elin Stener, Ambassador of Norway to India, Sri Lanka and Bhutan, said, "Sustainability is a key priority for Norway across all sectors. It is encouraging to see this commitment reflected in the work of Norwegian companies like Yara in India."

Yara India is a wholly-owned subsidiary of Yara International ASA. The company set up its operations in 2011, in Maharashtra, focusing on speciality products.