| Management target | Revenue 8.0% FY27 |
|---|
| Revenue growth | 7% YoY growth driven by 5% pricing and 2% volume increase. |
|---|---|
| Margins | EBITDA expanded 23%, aided by one-time provision reversal of ₹35 Cr. |
| Demand visibility | Subdued due to late monsoons; recovery expected as sowing catches up. |
| Management confidence | Balanced, acknowledging sector stress while highlighting long-term structural R&D shifts. |
Growth
Growth was 7% YoY, driven mostly by a 5% pricing increase while volume lagged at 2%. Domestic B2C outperformed exports.
Outlook
Aims for 500 bps EBITDA margin expansion over five years. Industry expects 6-8% agrochemical growth for FY27.
Risks
Exports degrew 28% due to Chinese price competition. Delayed monsoons and El Niño remain critical threats to Kharif demand.
Last quarter's promises, checked
Delivered
- Guided Seeds growth → delivered 15% YoY growth (= BEAT)
- Guided Crop Care growth → delivered 8% YoY growth (= BEAT)
- Guided B2C revenue growth → delivered 5% YoY growth (= BEAT)
Partly delivered
- Guided inventory normalization → delivered slightly elevated levels (= PARTIAL)
Missed
- Guided B2B revenue → delivered 7% decline (= MISS)
- Guided Export topline → delivered 33% de-growth (= MISS)
Earnings Call Transcript filed with BSE, NSE: RALLIS. Summary written with AI assistance from the document.
Rallis India Ltd: key numbers
- Share price
- ₹199.94
- Market cap
- ₹3,888 Cr
- Revenue (annual)
- ₹2,897 Cr
- Net profit (annual)
- ₹183.9 Cr
- P/E (TTM)
- 18.2×Sector 37.2×
- 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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