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Earnings Call Transcript

Insecticides (India) Earnings Call Transcript: Key Takeaways

Q2 revenue rose 8% to ₹686 Cr, but H1 fell 2%, volumes dropped 6-7% and Q2 PAT was ₹56 Cr. Management is upbeat yet hedges on margins, volume recovery and launch timelines.

Insecticides (india) Q2 FY27 concall: date, live audio and summaryConcall page →
Highlights
Revenue growthQ2 revenue +8% YoY to ₹686 Cr; H1 down 2%.
MarginsGross margin 33.7% vs 34.5% in Q2; H1 32.7% vs 31.7%; EBITDA 13.5%.
Demand visibilityWeak season from El Nino; channel visibility only 15-20%.
Management confidenceUpbeat tone; hedges on volume, margin and recovery timelines.

Growth

Q2 revenue +8% YoY (₹686 Cr vs ₹637 Cr); H1 -2%. Volume -6-7%, value +4-5% via premium mix.

Outlook

Kairos brand turnover target ₹125 Cr this fiscal. Sotanala formulation start targeted April; may slip 1-2 months.

Risks

Volume decline; lukewarm Kairos response; OET launch delayed; working capital days up to 158 from 151.

Last quarter's promises, checked

Delivered

  • Positive sales growth from Q2 → Q2 revenue +8% YoY to ₹686 Cr (= BEAT)

Partly delivered

  • Sotanala formulation start Apr–May 2027 → targeted April, may slip 1–2 months (= PARTIAL)
  • Q2 profit recovery over Q1 (EBITDA 11.1%) → EBITDA 13.5%; gross margin 33.7% vs 34.5% YoY (= PARTIAL)

Missed

  • Substantial working-capital improvement this quarter → WC days 158 vs 151 (= MISS)
  • 30+ launches in 2 yrs → 3–5 launches planned next fiscal (= MISS)
Source

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

Read the document ↗

Insecticides (India) Ltd: key numbers

Share price
₹545.00
Market cap
₹1,586 Cr
Revenue (annual)
₹2,140 Cr
Net profit (annual)
₹139.4 Cr
P/E (TTM)
13.0×Sector 28.2×
Promoter holding
72.30%+0.00% QoQ
FII holding
4.44%Current quarter

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

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