Rallis India, a key player in India’s agroscience space and part of the Tata Group, just posted a blockbuster Q1 for FY26. The company saw its net profit rise by a massive 98% YoY to ₹95 crore, sending the stock up 7.5%.
The sharp growth came on the back of strong volumes and double-digit gains across its business segments. Revenue for the quarter stood at ₹957 crore, up 22% from ₹783 crore in the same quarter last year.
Seeds and Crop Care Drive Growth
The real showstopper was the Seeds segment, which jumped 37% YoY to ₹305 crore. This was mainly due to strong demand for its cotton seed brand “Diggaz”, even as maize and paddy faced some supply issues.
On the Crop Care side, revenue rose 16.22% to ₹652 crore. The company saw double-digit volume growth in both its B2C (13%) and B2B (23%) crop care businesses.
Profit Margins Improve, Costs Managed
EBITDA rose 56.25% YoY to ₹150 crore, thanks to better product mix and tight cost control. Profit before tax also surged nearly 98.5% to ₹129 crore.
While total expenses went up 16.18% to ₹840 crore, material costs rose 27.49% to ₹473 crore, but other expenses dropped 4.41%, showing better expense discipline.
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CEO Speaks: Confidence with Caution
Dr. Gyanendra Shukla, MD & CEO of Rallis India, said the early monsoon and a slow but steady rise in global demand helped this performance. He added that PAT margins improved from 6% to 10%, and the company remains cautiously optimistic for the coming quarters.
He also highlighted solid growth in the Soil & Plant Health business (up 33%), and said the focus ahead would be on liquidating inventory, exports, and digital transformation.
Legacy Meets Future
Rallis India, with over 77 years of rural experience, is proving it still has what it takes to deliver results in a changing market. As a Tata Group company, it holds strong trust across India. With smart product placement, a strong seed brand, and digital upgrades in the pipeline, the company looks ready for more.
If Q1 is a sign of what’s coming, Rallis India is back on the front foot.
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