business the touching some landscape economic context begin our highlights thanks, that, return Thank of for joining. financial and and After on into the concluding you, Tigran. broader everyone, up I'll delve I'll business. overall and by Good afternoon, will the remarks. Julian for
First, to highlights of strategy date. our
XXXX, story what we so fiscal with For year. have is the broadly third our in our quarter far seen consistent
outperform First, growth robust market [ the severe market, our industry double-digit gains to input and events retail volume helped continue share flat adverse affecting Brazil inputs ] by price year. declines this we climate counterattack
quarter for our Ag as revenue by Brazil market X% XX% in single low Retail Our segment fertilizers Protection, compared XX% increased retail the the shrinking significantly year-over-year growth, seeds which quarterly market inputs and in to for sales by XX% for products year-to-date cover and Notably, digits. XX%. outpacing Brazilian over reais decreased middle inputs to X% in Crop overall volumes for by the specialty retail
the we stabilize, margins year-over-year on continue margins gross affecting it in to analyze changes our find considering a to basis. performance our Second, beneficial seasonality pronounced our gross
first [ quarter For a on revenues Brazil This quarter, our inventory, communicated in cost lower gradually input catch costs of farm of our higher sold cycles in ]. up namely in gate decline previous favor inventory what price we with cost the replacement the at that goods over second as points over the in Ag XXXX, of decline in XXX compared consistent points XXXX. XXX of X,XXX by the of quarter decline Retail, XX% our to margins basis inputs and to basis declined is gross
premium conditions and gross to XX revenue the continued well our perform growing our Third, quarter. execution. for respectively, [indiscernible] and profit market specialty and business robust ]% for Bayer with Care our products, challenging the contributor yet again Crop was segment Despite [ strong XX%, a products strong by Agrobiológica, biologicals from -- in increasing with revenue by driven part our commercial XX%, for demand
our with synergies As well cross-selling continued as Ag Brazil operations. Retail
grow to prior importance, continues compared importance our in period. in to year XX% XX% Care's the gross to of less representing Lavoro profit than year-to-date Crop
are million clients pushing new agronomies in proactive sales to season recruit future in our bringing potential million With Fourth, the new potential. $XX to in additional quarter, efforts to hires our net to total the our ] year from over [ who for bear platforms fruits. $XXX continue
As expect last the next mentioned earnings in RTVs to to only we year. our call, contribute these results
increased expand next these primarily market driven this share new year. addition us clients. of agronomists growth of also wallet Our will year share The our was clientele by existing with enable an to
Brazilian challenging forecast talk The what bit a -- this changed, [indiscernible] about the had to And little let's and for in our a year guidance. actually Now us revise farmer year. has season. leading last
soybean for growing which decrease technology see selection, meaningful corn, around El their X%. with down fears prices Safrinha losses and to short soy which by to and leading at corn second them harvest ], being yields the and spend X% severe by the season, downgrade Nino climate [ drought led had partly to addition contend caused yield for they and In caused in to estimated
farmer driver The for 'XX. in is year, to the industry a expected 'XX, improve crop our upcoming fundamental profitability,
continue which postponement the purchasing decisions closer of near translating Brazil farmers' remaining the to is term, we behavior more to to in However, need. observe in risk adverse,
greater been than expected. While this the has it years, past did for we story intensify a X.X extent the to had
for impacting projecting a ahead. driving last XXXX that our next orders first were measure portion being the the of curve 'XX, the farmer This estimated 'XX to compared were the ship are the in for as products year. -- guidance total around Consequently, total quarter retail by revision. end our April April, bookings year, XX% as in the XX% factor pushed into the crop quarter we fourth expected As is results divided purchase to of to the fiscal demand year be market adversely of
their to effects in farmer started of retailers our sale profitability in The repayments has across delays credit. commodity prompting producing second grain has the to postpone prices, with and farmer farmer to industry. coupled in grains factor states led the on with has to do The combined key Nino El farmers which the Ag of weakness widespread
] the industry. to impacted surprises, rest comply so Our have for [ We in us over requests to industry-leading were delays worthiness long-stand profitable further extensions and the still clients. -- share we average stringent client ] these from short-term In to cases, standards particularly drive did by our April. and many a of to so term further of payment shorted compared credit opted credit relationships [ greater for number payment meaningful wallet we strengthen time. did to We
our approval an our adverse However, fourth result quarter a in credit. wait we compels for to repay then And products these prior decisions, results clients impact 'XX to expect our additional as to us on credit these shipping us before compared policy product expectations. of
roughly allowance $X higher the losses originally expected for our than to projected for Additional, expected. now we is have half million credit second what be
With is we to million Revenue billion million. projected also some Input XXXX. Finally, million first that follows: billion. and between between quarter range in we our $X.XX cases, revenues bonus that between negatively projections $X.X are to and range now and impacted $XX $X.X related and are range supplier $XX to with shifted XXXX fiscal to revising adjusted materialize billion as said, EBITDA didn't to $X.XX that all agreements year
for BRL XXX million between between million. Input is guidance BRL X.X revised billion BRL billion and of and adjusted X.X revenues and XXX billion BRL BRL revenues billion. our X.X reais, Brazilian BRL In X.X to EBITDA
revisions to majority previously with ] the projections we of vast told, impact, adverse segments [ to the to do expect fourth I our now Brazil Ag revenue As adjusted detailed. for Retail quarter have EBITDA then the our that
up provide driven to fiscal few Regarding market to occurred next effect this grow price from base it's just ag shaping for conclude a in to year market industry. due 'XX wanted declines through retail approximately inputs outside the on XX% the Volumes mainly decline the year. I the low next expected Current us single consultants 'XX, for by that is should in crop year digits. and how are projections of to the year. comments
While contribution gains us as of year. this continue outpace XXXX year provide did the share still year. to by hired fiscal early we we market it's and market to helped for RTVs driven to this by the expect guidance, the
also We relative year-over-year. year to EBITDA to to for grow improve anticipate this adjusted margins gross and
results. I'll our to now details pass further financial on Julian on for
