Dhanuka Agritech Earnings Call Transcript: Key Takeaways
Dhanuka delivered resilient 9.91% revenue growth despite a 13% monsoon deficit, driven by a strong insecticide performance in North India.
- Call
- Guides 9% growth
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Dhanuka delivered resilient 9.91% revenue growth despite a 13% monsoon deficit, driven by a strong insecticide performance in North India.
Q2 FY27 revenue Rs 657.51 Cr (+9.9% YoY), EBITDA Rs 152.97 Cr (+11.9%), PAT Rs 109.22 Cr (+16.2%). Margins expanded YoY despite a weak monsoon-hit sector.
Revenue declined 12.56% YoY as delayed monsoons in key agricultural regions crippled herbicide demand. Management slashed guidance, projecting only single-digit growth for FY27 while facing margin pressure from high costs.
Q1FY27 revenue and profitability declined sharply due to delayed monsoon and price competition. Management is pivoting towards new product launches and a ₹200-crore capex for a manufacturing plant in Nagpur.
Dhanuka delivered 9% revenue growth in Q4FY26 despite challenging weather. EBITDA rose to ₹124.89cr and PAT reached ₹97.77cr, supported by a significant GST refund and improved product mix.
Dhanuka reported 9% revenue growth in a seasonally soft quarter, with EBITDA margins inflated by a one-time ₹14.5cr GST refund rather than structural efficiency.
Dhanuka Agritech reported Q4 FY26 revenue of ₹483.34 Cr (+9.35% YoY) with PAT rising to ₹97.77 Cr (+29.50% YoY). Focus remains on specialty products and novel chemistry.