Financial Performance Q1 FY2027 vs Q1 FY2026

  • Revenue from Operations: ₹461.93 crore (Q1 FY2027) vs ₹528.29 crore (Q1 FY2026), representing a decline of approximately 13%
  • EBITDA: ₹55.01 crore (Q1 FY2027) vs ₹83.19 crore (Q1 FY2026), representing a decline of approximately 34%
  • PAT: ₹36.30 crore (Q1 FY2027) vs ₹55.50 crore (Q1 FY2026), representing a decline of approximately 35%
  • EBITDA Margin: 11.91% (Q1 FY2027) vs 15.75% (Q1 FY2026)

Operational Highlights

Company operates with 4 manufacturing units and 41 warehouses across India, serving approximately 6,500 distributors and 80,000 retailers, reaching over 10 million farmers. The company has established 2 research and technology centers focused on applied chemistry and process technology innovation.

New Manufacturing Facility

Company has acquired land at Nagpur, Maharashtra for setting up a new manufacturing plant with total estimated outlay of up to ₹200 crore. The proposed capacity will be 23,000 MT per annum, expected to be operational by April 2028. This decision was made considering the expiration of incentives for the company's Udhampur Unit in March 2026.

Product Pipeline

Company plans to launch 5 new products in upcoming months consisting of:

  • 1 Liquid fertilizer
  • 3 Fungicides
  • 1 Herbicide

Dividend Declaration

Shareholders at the 41st Annual General Meeting held on 3rd August 2026 at 11:00 AM approved Final Dividend of 100% (₹2 per equity share of face value ₹2 per share). Dividend results will be declared within due course.

Capital Return

Company has already completed buyback of 5 lakh Equity Shares at ₹1,400 per share, absorbing ₹70 crores.

Employee Compensation

Board has approved introduction of Employee Stock Option Plan (ESOP scheme) to strengthen entrepreneurial mindset, enhance long-term alignment, and support growth and leadership development.

Industry Context

Agrochemical industry witnessed challenging Q1 FY2027 due to delayed monsoon onset in key agricultural regions, which postponed sowing activities and reduced product demand. Industry estimates indicated modest revenue growth with profitability under pressure from weaker domestic demand and price competition.

Global Expansion

Company acquired Bayer AG's fungicide brands, providing access to 20+ international markets and manufacturing integration through Dahej technical synthesis facility.

Business Metrics

Company maintains 300+ registrations across Herbicides, Insecticides, Fungicides and Plant Growth Regulators, with approximately 90 products across all segments.

Guidance for FY2026-27

  • Revenue from Operations: Lower Single Digit Growth
  • EBITDA: Expecting decline approximately 200 basis points