Best Agrolife reports Q2 FY26 revenue slump amidst challenging season

Best Agrolife Limited reported revenue of INR 516.8 crores for Q2 FY2026, a 30.8% year-on-year decline compared to INR 746.6 crores in Q2 FY2025, primarily due to unfavorable weather. EBITDA for the quarter stood at INR 77.5 crores, resulting in a 15% EBITDA margin, down from 19.7% in the previous year. Profit after tax for Q2 FY2026 was INR 38.3 crores, compared to INR 94.7 crores in Q2 FY2025, with a PAT margin of 7.4% versus 12.7% last year.

For the first half of FY2026, revenue was INR 898.1 crores, with EBITDA at INR 123.3 crores and PAT at approximately INR 58.2 crores. The company highlighted a strategic focus on cash flow discipline, expense rationalization, and balance sheet efficiency, leading to a 24% year-on-year reduction in inventory levels from INR 873 crores in H1 FY2025 to INR 666 crores in H1 FY2026. OPEX also saw a reduction of 13% compared to Q2 FY2025 and 11% compared to H1 FY2025.

Best Agrolife aims for an EBITDA margin of 13% to 14% and an approximate turnover of INR 1,500 crores for the full fiscal year, driven by an improved patented product portfolio. The company is also expanding its international business, with $600K-650K in business from one customer in H1, and an overall top line of around $6 million from its China subsidiary.