Rallis India (RALLIS) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 revenue rose 22% year-over-year to ₹957 Cr, driven by strong volume growth and double-digit gains across crop care and seed businesses.

• EBITDA increased 57% year-over-year to ₹150 Cr, with PAT doubling to ₹95 Cr, reflecting strong operational performance.

• Positive farmer sentiment from early monsoon, high reservoir levels, and export demand revival contributed to growth.

• Nine new crop protection products and 14 new seed products were launched, with early positive traction expected to contribute more meaningfully in the coming quarters.

• Unaudited financial results for the quarter ended June 30, 2025, were approved by the Board and reviewed by statutory auditors with an unmodified conclusion.

Financial highlights

• Revenue for Q1 FY26 was ₹957 Cr, up from ₹783 Cr in Q1 FY25.

• EBITDA for the quarter stood at ₹150 Cr, up from ₹96 Cr in the prior year.

• Profit after tax doubled to ₹95 Cr from ₹48 Cr year-over-year.

• Crop care revenue up 16% year-over-year to ₹652 Cr; seeds revenue up 38% to ₹305 Cr.

• Export revenue increased to ₹203 Cr, up from ₹150 Cr in the previous year.

Outlook and guidance

• Management remains optimistic about medium- to long-term growth, supported by positive farmer sentiment and demand in both domestic and export markets.

• Focus remains on double-digit revenue growth, operating leverage, and margin improvement, with a long-term EBITDA margin target of 15%-25%.

• Emphasis on portfolio expansion, digital engagement, and strategic alliances to sustain growth.

• Ambition to deliver minimum 15% Innovation Turnover Index in Crop Protection.

• Business performance is seasonal and can be impacted by weather and cropping patterns.