India Pesticides Q1 FY27: Margins Under Pressure, Export Mix Steady
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Total income was Rs 256 crore in Q1 FY2027, compared with Rs 282 crore in Q1 FY2026 and Rs 271 crore in Q4 FY2026.
EBITDA was Rs 39 crore (15.4% margin) versus Rs 52 crore (18.4% margin) in Q1 FY2026. PAT was Rs 23 crore (8.9% margin) versus Rs 35 crore (12.3% margin) in Q1 FY2026.
Technicals plus API contributed 71% of Q1 FY2027 revenue (Rs 181 crore) and Formulations contributed 29% (Rs 72 crore).
Domestic revenue was 65% (Rs 167 crore) and export revenue was 35% (Rs 89 crore) in Q1 FY2027.
As on 30 June 2026, total capacity reported was 28,300 MTPA of Technicals and 10,200 MTPA of Formulations across Dewa Road, Sandila, and the operational blocks at Hamirpur.
The presentation states the Hamirpur site has central facilities to support 10 blocks, with 2 blocks operational and 2 additional blocks expected to be operational in FY2027. Total permitted capacity is Technicals 30,000 MT and Formulations 6,000 MT.
Management reported receipt of European Union Technical Equivalence (TEQ) approval for one fungicide product during the quarter, aimed at strengthening international market presence.
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