Quanto Agroworld: Other Products led 53.92% of FY26 sales

Quanto Agroworld Limited generated 53.92% of FY26 revenue from operations from Other Products, worth Rs 21.76 crore, making it the largest reported sales stream. Essential oil accounted for Rs 1.14 crore, or 2.82%, although Quanto Agroworld identifies lemongrass cultivation and essential-oil processing as core activities.

What made Other Products 53.92% of Quanto Agroworld’s FY26 sales?

Other Products became Quanto Agroworld’s largest FY26 product category after revenue rose to Rs 21.76 crore from Rs 3.32 crore in FY25. The category overtook grass biomass, which produced Rs 17.45 crore, or 43.26% of FY26 revenue from operations. Essential oil was the smallest disclosed category at Rs 1.14 crore, or 2.82%.

Quanto Agroworld defines Other Products as value-added and processed products derived from core raw materials, alongside by-products, co-products, allied products and products tailored to customer requirements and market demand. The disclosure does not provide a product-level split for this category. Its breadth means the reported figures establish the category's scale but do not identify which individual processed formats drove its FY26 increase.

The product table excludes income classified as Other Revenue from Operations, so the percentages refer specifically to reported revenue from operations. Other Products and grass biomass together supplied 97.18% of FY26 revenue from operations. That concentration in two categories contrasts with FY24, when biomass alone represented 78.30% and Other Products represented 11.48%.

How small was essential oil in Quanto Agroworld’s FY26 sales?

Essential oil accounted for 2.82% of Quanto Agroworld’s FY26 revenue from operations, down from 8.32% in FY25 and 10.23% in FY24. Revenue declined to Rs 1.14 crore in FY26 from Rs 1.37 crore in FY25 and Rs 1.59 crore in FY24. The FY25-to-FY26 decline was Rs 0.23 crore, while total revenue from operations increased by Rs 23.86 crore.

The direct oil-sales result coincided with lower stated essential-oil production. Production was 4.71 tonnes in FY26, compared with 8.80 tonnes in FY25 and 9.67 tonnes in FY24, against installed capacity of 11.25 metric tonnes per annum in each period. Capacity utilisation was approximately 41.91% in FY26, versus approximately 78.22% in FY25 and 85.96% in FY24; Quanto Agroworld attributes the FY26 level to shifting operations to Ravalgaon.

Quanto Agroworld describes lemongrass essential oil as an ingredient for personal care, home care, fragrance, aromatherapy and certain pharmaceutical applications. The source does not disclose oil selling prices, customer volumes, inventory movement or the portion of oil-derived products that may be included in Other Products. Therefore, the data confirm essential oil's direct 2.82% revenue contribution but do not establish the reason for the revenue decline.

How did the revenue mix change from FY24 to FY26?

Quanto Agroworld’s revenue from operations increased to Rs 40.35 crore in FY26 from Rs 15.55 crore in FY24, an increase of Rs 24.80 crore. Other Products increased by Rs 19.98 crore over that period, while biomass increased by Rs 5.27 crore and essential-oil revenue declined by Rs 0.45 crore. Based on the disclosed category figures, Other Products accounted for roughly four-fifths of the two-year revenue increase.

Biomass remained larger in absolute terms in FY26 than in FY24, rising from Rs 12.18 crore to Rs 17.45 crore. Its share nevertheless fell by 35.04 percentage points, from 78.30% to 43.26%, because Other Products increased more quickly. Other Products' share increased by 42.44 percentage points from 11.48% in FY24 to 53.92% in FY26.

Quanto Agroworld’s stated operating model creates several potential outputs from lemongrass. It supplies biomass to herbal-tea manufacturers, nutraceutical companies and functional-beverage brands; supplies tea-cut in processed formats; and extracts essential oil through on-site steam distillation. Post-distillation biomass may be reused as compost or boiler fuel, but the revenue disclosure does not quantify revenue from tea-cut, derivatives, by-products or co-products separately.

How concentrated were Quanto Agroworld’s FY26 customer sales?

Quanto Agroworld’s largest customer supplied Rs 22.02 crore of FY26 revenue from operations, equal to 54.57% of the Rs 40.35 crore total. The top five customers supplied Rs 34.50 crore, or 85.49%, while the top 10 customers supplied Rs 35.78 crore, or 88.67%. The company withholds customer names on grounds of confidentiality.

Customer concentration increased from FY25, when the largest customer represented 25.08% of revenue from operations and the top five represented 69.52%. In FY24, the corresponding shares were 30.92% and 77.09%. Quanto Agroworld does not identify which product categories those customers bought, so the disclosures cannot determine whether the largest FY26 customer principally purchased Other Products, biomass, essential oil or a combination.

The concentration figures matter to the FY26 product mix because Other Products supplied Rs 21.76 crore of revenue but remain broadly defined. Continued sales at that level depend on demand for the products included in the category and on customer relationships that were more concentrated in FY26 than in the prior two fiscal years.

What could affect Quanto Agroworld’s future product mix?

Quanto Agroworld plans to expand its processing-linked, specification-ready portfolio into additional processed formats and derivatives in herbal, spice and essential-oil categories, subject to demand assessment and operational feasibility. This stated plan is consistent with the FY26 prominence of Other Products, but it does not specify the products, volumes, launch dates or revenue expected from the proposed formats.

Quanto Agroworld also proposes phased investment in drying, cutting and steam-distillation infrastructure, aligned with cultivation growth. Its certified installed essential-oil capacity was 11.25 metric tonnes per annum as of the prospectus date, and it expects capacity to reach 56.25 metric tonnes per annum through restoration of transferred capacity and new distillation units. The expansion remains subject to operational stabilisation and raw-material availability.

Conclusion

Quanto Agroworld’s FY26 revenue mix was led by Other Products at 53.92%, rather than grass biomass at 43.26% or essential oil at 2.82%. Revenue from operations rose to Rs 40.35 crore from Rs 15.55 crore in FY24, with the increase principally associated with the broadly defined Other Products category, whose underlying product composition has not been disclosed.

The next reported developments to watch are execution of the proposed processing expansion and any additional disclosure on the composition of Other Products. The proposed rise in essential-oil capacity from 11.25 to 56.25 metric tonnes per annum depends on operational stabilisation and raw-material availability, while FY26 oil utilisation was approximately 41.91%.