India Pesticides Ltd — earnings calls

India Pesticides reported consolidated Q1 FY27 revenue of INR 256 crores, down from INR 282 crores in Q1 FY26, with EBITDA of INR 39 crores at a 15.4% margin and PAT of INR 23 crores. Management attributed the decline to softer domestic demand for the key herbicide Pretilachlor, deficient and erratic rainfall affecting sowing, and higher employee and fuel costs, along with a one-time export receivable write-off and increased job work charges. The company also received Technical Equivalence approval from the European Union for one of its fungicide products and continued development of its Hamirpur facility, where 2 of 10 planned blocks are currently operational.

India Pesticides Limited reported consolidated FY26 revenue of INR 1,078 crores, up 27.9% year-on-year, crossing the INR 1,000 crores milestone for the first time, with EBITDA up 44.7% to INR 194 crores and PAT up 45.8% to INR 120 crores. Q4 FY26 revenue was INR 271 crores, up 28.5% year-on-year, with domestic sales rising to INR 183 crores from INR 118 crores driven by herbicides and intermediates, while export revenue declined slightly to INR 84 crores from INR 89 crores due to geopolitical disruptions. Management discussed capacity expansion at the Hamirpur and Shalvis facilities, backward integration initiatives, pricing pass-through amid raw material cost inflation, and reaffirmed a long-term revenue target of INR 3,000 crores by March 2031.