Jubilant Agri Q4 FY26 Revenue Up 22% YoY

Date: May 26, 2026

Q4 FY26 Performance (YoY Growth):

Net Sales: ₹4,852 MN, up 22% from ₹3,983 MN in Q4 FY25
EBITDA: ₹325 MN, up 20% from ₹272 MN in Q4 FY25
PBT (before exceptional items): ₹278 MN, up 31% from ₹212 MN in Q4 FY25
PAT (includes one-time exceptional items): ₹199 MN, up 24% from ₹160 MN in Q4 FY25
EPS: ₹12.90, up 23% from ₹10.46 in Q4 FY25
EBITDA Margin: 6.7%, compared to 6.8% in Q4 FY25
PAT Margin: 4.1%, compared to 4.0% in Q4 FY25

Full Year FY26 Performance (YoY Growth):

Net Sales: ₹18,911 MN, up 21% from ₹15,610 MN in FY25
EBITDA: ₹1,960 MN, up 34% from ₹1,457 MN in FY25
PBT (before exceptional items): ₹1,757 MN, up 47% from ₹1,197 MN in FY25
PAT (includes one-time exceptional items): ₹1,279 MN, up 45% from ₹883 MN in FY25
EPS: ₹83.31, up 46% from ₹57.17 in FY25
EBITDA Margin: 10.4%, improved from 9.3% in FY25
PAT Margin: 6.8%, improved from 5.6% in FY25

Exceptional Items:

Q4 FY26: Loss of ₹11.9 MN
Full Year FY26: Loss of ₹34.6 MN
Comprises loss from inventory damage (net of insurance claim) and incremental impact from implementation of new Labour Codes.

Adhesives Segment (Q4 FY26):

Performance Polymers & Chemicals Segment (Q4 FY26):

Agri Products Segment (Q4 FY26):

Adhesives:

Sustained double-digit revenue growth driven by robust demand, GST rate reductions, and recovery in discretionary spending.
Wider distribution reach with ~1,400 distributors and ~30,000 retailers.
Higher A&P spending boosted brand visibility.
Input cost pressures emerged in March 2026; managed through timely pricing actions and higher raw material inventory.

Performance Polymers & Chemicals:

Replacement tyres and tyre cord fabrics witnessed a slowdown in demand domestically and globally.
Industrial polymers remained under pressure due to global weakness.
Launched a new SBR Latex range through internal capabilities.
Higher input costs for certain raw materials and packing materials impacted EBIT margins.

Agri Products:

Revenue growth driven by better placement of SSP (Single Super Phosphate) in demand zones and improved product mix.
Expanded product portfolio and entered bulk fertilizer segment with NPK 20:20:0:13.
Agri Nutrient business reported lower revenue and margins due to regulatory changes in FCO norms for Bio-stimulants.
Sharp increase in input costs for Sulphur and Acid, driven by geopolitical disruptions.
Increased working capital deployment for off-season placement, expected liquidation by Q1 FY27.

Adhesives:

State-of-the-art Polymer (adhesive) manufacturing facility at Samlya, Gujarat to commence operations in Q1 FY27.
Stable domestic construction demand supporting growth.
Input cost inflation persists; mitigating impact through calibrated price increases and strategic sourcing.
Focus on profitable, volume-led growth through new product launches & channel expansion.

Agri Products:

Overall outlook positive, but region-wise disruption possible due to expected below-normal monsoon season.
Limited availability of other phosphatic fertilizers likely to benefit SSP fertilizers.
Agri Nutrient business expected to grow in higher double-digits due to product portfolio expansion and FCO approval for other Biostimulants.
Input costs may remain under pressure due to ongoing geopolitical uncertainty.

The Board approved the Scheme of Arrangement for demerger between Jubilant Agri and Consumer Products Limited (Demerged Company) and Jubilant Agri Solutions Limited (Resulting Company) on November 04, 2025.
The Scheme provides for the demerger of the Agri Division into the Resulting Company on a going concern basis.
Share exchange ratio: 1 fully paid-up equity share of the Resulting Company (face value ₹10) for every 1 fully paid-up equity share of the Demerged Company (face value ₹10).
The companies obtained No Objection Certificates (Observation Letters) from NSE and BSE on April 17, 2026.
The company is in the process of filing an application before the Allahabad Bench of the NCLT under Sections 230 to 232 of the Companies Act, 2013.
Shares issued by the Resulting Company will be listed on BSE and NSE.

Balance Sheet Highlights (FY26 vs FY25 in INR MN):