Rallis India reports mixed Q2 as rainfall hits revenue, profit rises

Rallis India Limited's Q2 FY '26 performance was muted, with revenue at INR861 crores, a 7% decrease from Q2 FY '25 (INR928 crores). This was primarily due to incessant rainfall in key agrochemical consuming states. Despite the revenue drop, profit after tax for Q2 '26 increased to INR102 crores from INR98 crores in Q2 '25. EBITDA for Q2 '26 stood at INR154 crores, down 7% from the previous year.

The Crop Care segment saw a 3% decline on the domestic front due to excessive rains, while export revenue surged by 33%. The Seeds segment experienced a 29% degrowth, largely due to supply chain constraints for maize. The company introduced new products like 'Deeweed' (herbicide) and 'Dodrio' (fungicide) and noted good traction for newly launched cotton, rice, and maize hybrids.

For the first half of the year, Rallis India reported a healthy cash and liquid balance of INR454 crores as of September 30, 2025. The company plans approximately INR50 crores in capex and is focusing on portfolio optimization, territory rationalization, and cost efficiencies to drive consistent growth.