Rallis India Q1 FY27 Results: Net Profit Surges 31.6% YoY to ₹125 Crore; Revenue Crosses ₹1,000 Crore

Rallis India Limited, a Tata Enterprise and leading player in the Indian crop protection and seeds industry, has announced its unaudited financial results for the first quarter ended June 30, 2026 (Q1 FY27). Supported by strong operational execution and volume growth ahead of the Kharif season, the company recorded a 31.58% year-on-year (YoY) increase in net profit to ₹125 crore.

Key Financial Highlights (Q1 FY27 vs Q1 FY26)

Revenue from Operations: Grew 6.79% YoY to ₹1,022 crore compared to ₹957 crore in Q1 FY26. On a sequential basis, revenue surged 124.12% QoQ over ₹456 crore in Q4 FY26, reflecting the traditional seasonal peak for agricultural inputs.

Total Income: Reached ₹1,035 crore, up 6.81% YoY from ₹969 crore in Q1 FY26 (up 121.63% QoQ from ₹467 crore in Q4 FY26).

Profit Before Tax (PBT): Climbed 30.23% YoY to ₹168 crore (including an exceptional gain of ₹2 crore) compared to ₹129 crore in Q1 FY26. Sequentially, the company staged a sharp recovery from a loss before tax of ₹17 crore in Q4 FY26.

Net Profit After Tax (PAT): Surged 31.58% YoY to ₹125 crore compared to ₹95 crore in Q1 FY26, turning around from a net loss of ₹15 crore in Q4 FY26.

Total Comprehensive Income: Stood at ₹123 crore versus ₹93 crore in Q1 FY26 and a loss of ₹12 crore in Q4 FY26.

Earnings Per Share (EPS): Basic and diluted EPS (face value ₹1 per share, un-annualised) jumped to ₹6.43, compared to ₹4.89 in Q1 FY26 and ₹(0.79) in Q4 FY26.

Cost Breakdown & Operational Metrics

Total expenses for Q1 FY27 grew modestly by 3.45% YoY to ₹869 crore, trailing revenue growth and delivering margin expansion:

Cost of Materials Consumed: Rose 30.66% YoY to ₹618 crore compared to ₹473 crore in Q1 FY26.

Purchase of Stock-in-Trade: Stood at ₹136 crore against ₹133 crore in Q1 FY26.

Changes in Inventories: Recorded a negative inventory change of -(₹117 crore) during the quarter as inventory was built up/utilised for the season, compared to ₹4 crore in Q1 FY26.

Employee Benefits Expense: Lowered to ₹52 crore, down 22.39% YoY from ₹67 crore in Q1 FY26 (and down from ₹72 crore in Q4 FY26).

Finance Costs: Reduced by 50.00% YoY to ₹2 crore compared to ₹4 crore in Q1 FY26.

Depreciation & Amortisation Expense: Stood at ₹30 crore versus ₹29 crore in Q1 FY26.

Other Expenses: Totaled ₹148 crore, up 13.85% YoY from ₹130 crore in Q1 FY26.

Tax Outflow & Capital Structure

Tax Expenses: Total tax outflow for Q1 FY27 came in at ₹43 crore (comprising ₹45 crore in current tax and a deferred tax credit of ₹2 crore), compared to ₹34 crore in Q1 FY26.

Paid-Up Equity Share Capital: Remained unchanged at ₹19 crore (consisting of equity shares with a face value of ₹1 per share).

Other Equity: Reserves stood at ₹2,024 crore as per the audited balance sheet for the full year ended March 31, 2026.

Segment Revenue Breakdown

Total operational revenue for Q1 FY27 reached ₹1,022 crore, registering a 6.79% year-on-year (YoY) increase compared to ₹957 crore in Q1 FY26:

Agri Inputs Segment: Generated ₹1,012 crore, up 5.75% YoY from ₹957 crore in Q1 FY26. Sequentially, Agri Inputs revenue surged 132.64% QoQ over ₹435 crore in Q4 FY26 due to strong seasonal off-take.

Others Segment: Contributed ₹10 crore to top-line revenues during the quarter, compared to zero revenue in Q1 FY26 and ₹21 crore in Q4 FY26.

Segment Results & Profitability

Total segment results before central overheads, finance costs, and other income reached ₹161 crore, expanding 28.80% YoY from ₹125 crore in Q1 FY26:

Agri Inputs Segment: Profit before tax and unallocated items climbed 19.23% YoY to ₹155 crore compared to ₹130 crore in Q1 FY26. On a sequential basis, the segment bounced back strongly from an operating loss of ₹33 crore in Q4 FY26.

Others Segment: Turned profitable at ₹6 crore compared to an operating loss of ₹5 crore in Q1 FY26 (and ₹8 crore in Q4 FY26).

Reconciliation to Profit Before Tax (PBT)

Total Segment Results: ₹161 crore (versus ₹125 crore in Q1 FY26)

Add: Other Income: ₹13 crore (versus ₹12 crore in Q1 FY26)

Less: Central Administration Cost, Director Remuneration & Fees: ₹4 crore (versus ₹4 crore in Q1 FY26)

Less: Finance Costs: ₹2 crore (versus ₹4 crore in Q1 FY26)

Profit Before Tax (PBT): ₹168 crore (versus ₹129 crore in Q1 FY26 and a loss of ₹17 crore in Q4 FY26)

Segment Assets & Liabilities Position

Assets Breakdown (as of June 30, 2026)

Agri Inputs Assets: Increased to ₹3,201 crore compared to ₹2,566 crore in Q1 FY26 and ₹2,685 crore in Q4 FY26, reflecting seasonal inventory and trade receivables accumulation.

Others Assets: Stood at ₹32 crore against ₹17 crore in Q1 FY26.

Unallocated Assets: Stood at ₹400 crore compared to ₹638 crore in Q1 FY26.

Total Assets: Reached ₹3,634 crore versus ₹3,221 crore in Q1 FY26 and ₹3,345 crore as of March 31, 2026.

Liabilities Breakdown (as of June 30, 2026)

Agri Inputs Liabilities: Stood at ₹1,445 crore compared to ₹1,206 crore in Q1 FY26 and ₹1,249 crore in Q4 FY26.

Others Liabilities: Stood unchanged at ₹3 crore.

Unallocated Liabilities: Stood at ₹78 crore compared to ₹63 crore in Q1 FY26 and ₹50 crore in Q4 FY26.

Total Liabilities: Stood at ₹1,526 crore compared to ₹1,272 crore in Q1 FY26 and ₹1,302 crore as of March 31, 2026.

Announcing the results, Dr. Gyanendra Shukla, Managing Director & CEO, Rallis India Limited, said, Rallis delivered a resilient performance during Q1 FY27, driven by focused execution across businesses, improved profitability and continued investments in strengthening our portfolio and capabilities. The Company reported revenue of ₹1022 crore for the quarter as compared to ₹957 crore in the previous year, registering a growth of 7% year-on-year. Profit After Tax (PAT) increased by 31% to ₹125 crore compared to ₹95 crore in the corresponding quarter of the previous year.

During Q1 FY27, the Company delivered broad-based growth across businesses, supported by focused market interventions, portfolio strengthening initiatives and improved profitability.

The Crop Care business reported revenue of ₹ 697 crore, registering a growth of 7% YoY, primarily driven by strong growth of 19% in the B2C segment, partially offset by a decline of 19% in the B2B segment during the quarter. The business strengthened its Crop Protection portfolio with the launch of three new products - Balwan (Herbicide), Prodim Ultra (Herbicide) and Kengen (Insecticide). Strategic product placements, targeted field programmes and focused liquidation initiatives further supported business performance during the quarter.

The Soil & Plant Health (SPH) segment delivered a growth of 10% YoY, supported by focused portfolio management, prudent pricing actions and continued contribution from Biostimulants, Biofertilizers, and Organic products. The commercial launch of Aquafert Ginger and Turmeric further strengthened the portfolio during the quarter.

The Seeds business reported revenue of ₹325 crore, registering a growth of 6% year-on-year, driven by strategic product placements and focused pre-season initiatives. During the quarter, the business strengthened its portfolio with the launch of nine new products across Cotton, Paddy and Millet crops, including two new Cotton hybrids for North India and a Herbicide Tolerant Direct Seed Rice product under the Dhaanya brand.

Commenting on the performance, Dr. Gyanendra Shukla, Managing Director & CEO, Rallis India Limited, said: "During the quarter, we continued to strengthen our product portfolio through new product introductions across businesses while driving improved profitability through disciplined pricing actions and cost optimization initiatives. We remain committed to delivering differentiated solutions that address the evolving needs of Indian agriculture through continued investments in innovation, customer-centricity and operational excellence."

Shares of Rallis India Limited was last trading in BSE at Rs. 240.20 as compared to the previous close of Rs. 234.40. The total number of shares traded during the day was 180238 in over 2326 trades.

The stock hit an intraday high of Rs. 241.10 and intraday low of 233.05. The net turnover during the day was Rs. 42950735.00.

Source : Equity Bulls

Keywords

RallisIndia INE613A01020 Agrochemicals Q1FY27 Q1FY2027 ResultUpdate