Jain Irrigation Systems

Jain Irrigation reported Q4 FY26 revenue of ₹1,800 croreCurrent reported value: ₹1,800 crore. No comparable prior figure is available in the source record., up 4.3% YoYCurrent 4.3% vs previous available quarter 17.4%., with EBITDA margin expanding 40 bps to 13.2%Current reported value: 40 bps to 13.2%. No comparable prior figure is available in the source record.. The high-tech division (drip irrigation, tissue culture) grew 8%Current 8%. Reported change: +8% YoY. and improved margins to 19.8%Current 19.8%. Reported change: +8% YoY., while plastics saw slight degrowth due to a raw material price shock in March. Agro processing grew 6% but EBITDA declined. For FY26, consolidated revenue grew 11%Current reported value: 11%. No comparable prior figure is available in the source record. with high-tech up 20%Current reported value: 20%. No comparable prior figure is available in the source record.. Management highlighted a sharp spike in polymer prices (PVC up 50%, polyethylene up 60% in 20 days) that disrupted March sales, but prices have since stabilized. Guidance for FY27 is cautious but positive: revenue, margins, and cash flow expected to improve. Key risks include geopolitical uncertainty, tariff issues, and execution of debt repayment (₹350 crore due in FY27). The new beverage lines started operations, contributing ₹27-28 crore revenue in March.