SPIC Q2 Revenue Rises to ₹1003 Crore

Shareholders approved 20% dividend on equity shares of ₹10 each at AGM held on 28th September 2026
Dividend aggregate: ₹40.73 crore
Dividend payment date: 14th October 2026 (subject to deduction of taxes)

Mr. Ashwin Muthiah, Chairman of SPIC, commented:

Global economic environment remains volatile, impacting commodity prices, supply chains and input costs
Company recorded healthy revenue growth in Q2 FY27 compared to corresponding quarter previous year
Rising input costs put pressure on margins and profitability
Company will continue focus on operational efficiency and cost optimization
Working closely with government to ensure timely availability of fertilizers to farmers
Committed to supporting India's agricultural progress and farming community needs

India's 2026 southwest monsoon ended with 12.6% rainfall deficit, weakest in over a decade and fourth-lowest since 2001
Shortfall attributed to active El Niño pattern
Advance procurement and supply planning helped maintain availability
Fertilizer inventories reached two-year high ahead of rabi season
Fertilizer sales across major categories declined during April–September 2026 compared to corresponding period 2025
Inadequate rainfall dampened farm demand despite relatively stable kharif acreage
Domestic urea production increased by 4.0% during the period, supported by efforts to secure feedstock
Adequate inventories and timely distribution could support demand recovery during rabi season
Key influencing factors: rainfall patterns, global input prices, farmers' purchasing decisions