Rallis India Ltd

CFO transition

• Bhaskar Swaminathan to be relieved from CFO role effective November 4, 2026.
• Sridhar Radhakrishnan appointed Chief Financial Officer effective November 4, 2026.
• Appointment approved on recommendation of Nomination and Remuneration Committee and Audit Committee.
• Sridhar Radhakrishnan to serve as full-time CFO.
• Profile: 21+ years in finance; previously CFO at Tata Consulting Engineers.

Meeting Details

• Aug 13, 2026 — Tata AMC, One-on-One, Mumbai
• Aug 13, 2026 — ICICI Prudential AMC, One-on-One, Mumbai
• Aug 14, 2026 — Jio BlackRock AMC, One-on-One, Mumbai
• Aug 21, 2026 — Antique Broking, One-on-One, Mumbai

Notes

• Schedule subject to change due to exigencies of analysts or company.

Auditor Appointment

• S R B C & CO LLP appointed as Statutory Auditors for 2027–2032, subject to member approval.
• Existing auditors B S R & Co. LLP will audit till the 79th AGM in 2027.
• Board approved appointment via circular resolution on July 27, 2026.

Meeting Details

• Date: July 21, 2026
• Time: not specified
• Type: group earnings conference call
• Mode: virtual; listen-only
• Event: Q1 FY27 Earnings Conference Call, organized by Rallis India Limited
• Key participants: Managing Director & CEO; Chief Financial Officer
• Purpose: discuss unaudited Q1 FY27 results; investor interaction
• Recording: call was recorded; transcript and presentation available on company website

Financial Performance

• Revenue for Q1FY27 was ₹1022 cr, up ~7% YoY.
• EBITDA stood at ₹184 cr, up 23% YoY.
• Profit after tax: ₹125 cr, up 31% YoY.
• Crop Care revenue ₹697 cr, up 7% with volume 2% and price 5%.
• Domestic (B2C) revenue ₹534 cr, up 19%.
• Crop Protection revenue ₹455 cr, up 18%.
• Soil & Plant Health revenue ₹62 cr, up 10%.
• Exports revenue ₹110 cr, down 28% (volume down 35%).
• Seeds revenue ₹325 cr, up 6%.
• Inventory and cash: ₹309 cr of cash/liquids as of 30 Jun 2026.
• Working capital days up ~15–20 days.

Operating Update

• Crop Care growth driven by volume and price; domestic growth led by B2C.
• Exports weakness due to lower pendimethalin demand in Europe; CSM growth.
• Seeds launch focus; diversification to rice, maize, millet.
• Four new crop care products launched; two new cotton hybrids in Seeds.
• Digital initiatives: Anubandh Edge, Sampark+, Farmers QR Code.
• Formulation capacity utilization improved vs Q1FY26.

Balance Sheet and Cash Flow

• Inventory levels elevated versus last year; collections remain smooth.
• Healthy cash and liquid balance of ₹309 cr, as of 30 June 2026.

Outlook and Guidance

• FY27 agrochemicals growth expected ~6–8% in India; seeds mid-to-high single digits; cotton decline.
• Global crop protection market seen at USD 70–80 bn in CY2026; 4.5–6.5% CAGR.
• Monsoon risk and El Niño create variability; price increases largely passed through.
• Focus on volume growth to gain market share; cost competitiveness and distribution execution important.

Q&A Highlights

• Exports: branding helps; acephate challenged by Chinese raw-material supply.
• CSM: first US shipments completed; multi-product pipeline under development.
• Cotton/Seeds: cotton area down; focus shifts to rice, maize, millet; seeds inventory guidance.
• Biologicals: growth expected to outpace last year; regulatory clarity improving.
• Working capital: industry-wide increase; fertilizer procurement driving higher days.