Price softening from Chinese competition
Management acknowledged price softening in a few technical products due to Chinese competition, though overall realizations remained stable.
IPL / Q3-FY26 / risks
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India Pesticides · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
Inventory overhang in domestic B2C
Higher inventory levels in the domestic B2C segment (18-20% of revenue) could pressure margins if demand weakens.
Sequential decline in export revenue
Export revenue fell from ₹140 crore in Q2 to ₹96 crore in Q3, attributed to seasonal factors but may indicate volatility.