India Pesticides Reports Q1 FY27 Results; Revenue Declines 9% Amid Weak Domestic Demand
India Pesticides Limited has announced its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27). The agrochemical manufacturer reported lower revenue and profitability during the quarter, primarily due to weak domestic demand for key products and higher operating costs. However, export sales remained resilient, while the company secured an important regulatory approval that is expected to support future international growth.
Q1 FY27 Financial Highlights
- Revenue from Operations: ₹256 crore, down 9.2% YoY from ₹282 crore in Q1 FY26.
- EBITDA: ₹39 crore compared with ₹52 crore in the corresponding quarter last year.
- EBITDA Margin: 15.4%, down from 18.4% in Q1 FY26.
- Profit Before Tax (PBT): ₹31 crore, with a PBT margin of 12.2%.
- Profit After Tax (PAT): ₹23 crore, declining 34.3% YoY from ₹35 crore in Q1 FY26.
- PAT Margin: 8.9%.
- Export Revenue: Increased slightly to ₹89 crore from ₹87 crore a year earlier, supported by stable demand in overseas markets.
Domestic Market Weakness Weighs on Performance
India Pesticides’ revenue was impacted by subdued demand for its flagship herbicide Pretilachlor in the domestic market. The company also faced industry-wide challenges, including elevated inventory levels across distribution channels, which affected sales volumes during the quarter.
Profitability came under additional pressure from higher operating expenses. Job work processing charges increased to ₹14 crore from ₹8 crore in the year-ago quarter, driven by higher processing volumes and increased conversion costs per kilogram. Employee-related expenses and fuel costs also rose, contributing to the decline in operating margins.
Regulatory Milestone Strengthens Export Prospects
During the quarter, India Pesticides achieved a significant regulatory milestone by obtaining Technical Equivalence (TEQ) approval from the European Union for one of its flagship fungicide products.
Commenting on the development, Dheeraj Kumar Jain, Chief Executive Officer, said the approval enhances the company’s global competitiveness and is expected to create new export opportunities across European and other international markets.