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Earnings Call

Rallis India Earnings Call: Key Takeaways

Rallis India reported Q1 FY27 revenue of ₹1,022 Cr (up 7% YoY) with record EBITDA of ₹184 Cr (up 23% YoY). Growth was driven by strong domestic formulation volumes despite subdued industry demand.

Highlights
Revenue growth7% YoY growth in Q1 FY27.
MarginsEBITDA margin expansion driven by volume growth and fixed cost optimization.
Demand visibilitySubdued due to heatwaves, delayed monsoons, and crop shifts.

Growth

Revenue rose 7%, EBITDA 23%, and PAT 31% YoY. Crop Care revenue grew 7%; Seeds revenue grew 6%.

Outlook

Focus on domestic underserved segments, R&D investments, and scaling international B2B alliances. Launched 9 products across cotton/millet/paddy.

Risks

Subdued demand due to severe heatwaves, delayed monsoons, and reduced cotton acreages. Geopolitical war situation impacted planning.

Last quarter's promises, checked

Delivered

  • Guided high double-digit Seeds growth → delivered 6% in Q1 FY27 (= MISS)
  • Guided 2 new Seeds products → launched 9 products (= BEAT)
  • Guided liquidation of Benzilla/Clasto inventory → aggressive liquidation achieved (= BEAT)

Partly delivered

  • Guided 15-25% cost pass-through → achieved margin expansion but demand remained subdued (= PARTIAL)

Missed

  • Guided mid-teen Seeds growth → delivered 6% (= MISS)
  • Guided stable-to-soft margins → delivered 23% EBITDA growth (= BEAT)
Source

Earnings Call filed with BSE, NSE: RALLIS. Summary written with AI assistance from the document.

Read the document ↗

Rallis India Ltd: key numbers

Share price
₹200.38
Market cap
₹3,897 Cr
Revenue (annual)
₹2,897 Cr
Net profit (annual)
₹183.9 Cr
P/E (TTM)
18.2×Sector 37.5×
Promoter holding
55.08%+0.00% QoQ
FII holding
9.12%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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