Bayer CropScience Ltd (BAYERCROP) — concall transcript | 30 September 2025

Bayer CropScience highlighted strong corn seed growth and 100+ basis point gross margin expansion in H1 2025, driving 6% PAT growth despite input cost pressures. Management emphasized India's strategic role in its global Crop Science business, targeting high single to low double-digit revenue growth over 3-5 years through portfolio prioritization, backward integration, and expansion of corn and direct-seeded rice. Margin improvement of 100 basis points annually is expected starting FY24-25, supported by operational efficiency and new product launches like BICOTA and Plenexos. The company is restructuring management layers and enhancing supply chain flexibility to reduce costs and increase regional sourcing to ~50% in India/Asia. Policy shifts on GMO corn imports remain speculative, but long-term growth is tied to sustainable agriculture and India's 'Viksit Bharat' vision by 2047.