Consolidated Financial Performance
Insecticides (India) Limited reported its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27).
Key Financial Metrics (₹ crore):
| Metric | Q1 FY27 | Q1 FY26 | Change |
| Revenue from Operations | 612 | 691 | -12% |
| Gross Profit | 193 | 202 | -4% |
| Gross Profit Margin (%) | 31.6% | 29.2% | +240 bps |
| EBITDA | 68 | 85 | -20% |
| EBITDA Margin (%) | 11.1% | 12.2% | -110 bps |
| Profit After Tax | 44 | 58 | -24% |
Performance Analysis
The 12% YoY revenue decline to ₹612 crore was primarily attributed to rainfall deficit across India affecting demand. Despite the revenue contraction, the company demonstrated pricing discipline and operational efficiencies, resulting in a 240 basis point expansion in gross profit margin to 31.6%.
EBITDA decreased by 20% YoY to ₹68 crore, with EBITDA margin contracting to 11.1% from 12.2% in Q1 FY26. Profit After Tax declined by 24% YoY to ₹44 crore.
Strategic and Operational Highlights
Product Launches & Partnerships:
- Pan-India mega launch of GRANUVIA, a next-generation insecticide introduced in collaboration with Corteva Agriscience
- Introduction of Spinoace during the quarter as part of the Corteva collaboration
- KAEROS continued its strong trajectory, expanding its portfolio and distribution footprint
Farmer Engagement:
- 3,600+ farmers meetings conducted
- 600+ field days organized
- 1,400+ demonstrations in different crops
- 15,000+ farmer visits in Q1FY27
Expansion Plans:
- Plans to double the number of IIL Crop Solutions (ICS plots) from the current 36
- Current plots cover four major crops: rice, cotton, chilli, and soybean
- Expansion across 14 states
Management Commentary
Mr. Rajesh Kumar Aggarwal, MD of Insecticides (India) Ltd., stated that the company delivered a resilient performance despite subdued demand, supported by diversified product portfolio, presence across key crops, strong execution capabilities, and clear strategic direction.
He emphasized that while deficient rainfall impacted near-term revenue, pricing discipline and operating efficiencies helped maintain gross margin stability. The management remains confident of progressively building momentum through the coming quarters with improving macro environment and focused execution.
Company Overview
Insecticides (India) Limited is a fully integrated crop protection and nutrition company with:
- 20+ technical products
- 130+ formulation products
- Ownership of the "Tractor Brand"
- Manufacturing facilities at Chopanki (Rajasthan), Samba & Udhampur (Jammu & Kashmir), Dahej (Gujarat)
- Upcoming facility in Sotanala (Rajasthan)
- Technical synthesis plants at Chopanki and Dahej providing backward integration
- PAN India reach with 75,00,000+ farmers, 70,000+ dealers, 8,500+ distributors
Future Outlook
The company's confidence is supported by benefits emerging from sustained investments in:
- Premiumization
- Manufacturing expansion
- Research capabilities
- Digital transformation
- Global partnerships
The continued expansion of Focus Maharatna and Maharatna portfolios, supported by collaborations with leading global innovators, is strengthening margins and deepening farmer engagement. Kaeros Research is evolving into a significant growth platform, and the company is advancing its international business footprint.
Supported by capacity expansion, backward integration, and operational excellence, the company is building a more resilient and future-ready organization committed to delivering sustainable, high-quality growth.