Jain Irrigation targets doubling business in 3-5 years

Jain Irrigation Systems Limited reported positive revenue growth in Q1 FY2026 despite deflationary conditions. Its Hi-Tech Agri segment surged nearly 30% while plastics fell approximately 10%. EBITDA improved by 1 percentage point.

The company targets average 15% growth, potentially reaching 18-20% compounded growth over five years to double business size within 3-3.5 years. Exports jumped 40% from INR88 crores to INR130 crores.

Current gross debt stands at INR3,590 crores with long-term debt of INR1,500 crores. The company aims to reduce debt significantly by March 2028 through value monetization, including a potential IPO of its food processing subsidiary.