Rallis India earnings calls.

Rallis India reported Q1 FY27 revenue of 1,022 croreCurrent reported value: 1,022 crore. No comparable prior figure is available in the source record. (+7Current 7 crore vs previous available quarter -7 crore.% YoY), with EBITDA at 184 croreCurrent 184 crore vs previous available quarter 154 crore. (+23%) and PAT at 125 croreCurrent reported value: 125 crore. No comparable prior figure is available in the source record. (+31Current reported value: 31. No comparable prior figure is available in the source record.%), driven primarily by pricing (5%) and volume (2%) growth. EBITDA margin expanded ~233bps to 18Current 18 crore vs previous available quarter 17.9 crore.% on mix optimization. Domestic CropCare grew 19% to 534 crore on 15% volume growth, while Seeds grew 6% to 325 crore. Exports declined 28% to 110 crore due to 35% volume degrowth in Pendimethalin and competitive Chinese pricing. Management flagged weak demand recovery, delayed monsoon (15% rainfall deficit), and persistent margin pressure from elevated raw material costs tied to Middle East tensions. Working capital increased 15-20 daysCurrent 15-20 days. Reported change: +15-20 days YoY. due to fertilizer-related cash crunch. Channel inventory has normalized, and management expects 6-8% industry growth excluding cotton. Key risks include monsoon uncertainty, China-driven pricing pressure on certain APIs, and working capital normalization. The company aims for consistent 15%+ EBITDA margins even in challenging years, targeting 500bps margin expansion over five years.