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Best Agro to increase its market share by 20 per cent, will also invest to enhance manufacturing capabilities

New Delhi [India], April 20 (ANI/NewsVoir): Best Agrolife Ltd. (BAL) (BSE: BESTAGRO 539660), India's leading agrochemicals manufacturer, has announced its medium to long-term target to gain 15-20 per cent market share. The company is also enhancing its manufacturing capabilities through 'brown field' and 'green field' capex plans. Besides, the company is also seeking 25-30 per cent growth in revenue by increasing the share of the Formulation Business and B2C segment. This will also ensure consistency in healthy EBITDA delivery, offering a better return on equity. Additionally, the company is spreading its footholds in the overseas markets in FY 23-24 to replicate its domestic success story with selective offerings, ensuring sustainable and healthy profit margins. "Best Agro is working proactively to maintain its leadership position. The investment plans aim to build the company's manufacturing capabilities, create backward integration in its manufacturing p

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