Rallis India (RALLIS) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 saw 7% topline growth, driven by strong domestic B2C performance, aggressive placement, and campaign activities, despite weak demand, delayed monsoon, and industry headwinds such as war and crop shifts.

• EBITDA grew 23% year-over-year, supported by volume growth in Crop Protection, fixed cost optimization, and digital marketing initiatives.

• Unaudited financial results for the quarter ended June 30, 2026, were approved by the Board on July 20, 2026.

Financial highlights

• Q1 FY27 revenue rose 7% year-over-year to ₹1,022 crore, with 2% volume growth and 5% price growth.

• EBITDA increased 23% to ₹184 crore, and profit after tax grew 31% to ₹125 crore compared to Q1 FY26.

• Basic and diluted EPS for Q1 FY27 was ₹6.43, compared to ₹4.89 in Q1 FY26.

• Exceptional items included a profit on sale of property of ₹2 crore.

Outlook and guidance

• Agrochemical sector in India expected to grow 6%-8% in FY27, with seeds in mid to high single digits, excluding cotton.

• Margin pressure likely to persist due to input cost volatility and competitive pricing, but price increases and digital/data-driven interventions should support growth.

• Sector recovery remains uneven, dependent on Middle East conflict, rainfall patterns, and business seasonality.