Insecticides (India) Ltd Reports 2% Revenue Growth in Q2 FY26, Launches Five New Products

New‍‌‍‍‌‍‌‍‍‌ Delhi, 12 November 2025: Insecticides (India) Limited (NSE: INSECTICID, BSE: 532851) reported a steady performance for the quarter ended 30 September 2025. Revenue from operations rose 2% year-on-year to ₹637.70 crore, up from ₹626.64 crore in Q2 FY25. Despite challenges posed by erratic weather and localized crop damage, the company sustained profitability while advancing its innovation initiatives with the launch of new products.

Financial Highlights

The company’s gross profit was up 11% year-on-year at ₹219.72 crore, with the margin expanding to 34.45% from 31.73% a year ago. This growth is driven by product mix and brand traction. EBITDA stood at ₹89.48 crore and hence remained flat, while PAT declined 4% to ₹59.11 crore due to higher interest expenses on account of the working capital requirement. Revenue for H1 FY26 rose 4% to ₹1,328.83 crore, while EBITDA increased 8% to ₹174.06 crore, and hence the margin expanded from 12.6% in H1 FY25 to 13.1%.

Operational Updates

During the first half of FY26, the company launched five new products, including ALTAIR (in collaboration with Nissan Chemical Corporation) and SPARCLE (with Corteva Agriscience). These global partnerships underscore the company’s commitment to bringing next-generation crop protection solutions to Indian farmers.

Besides, the company conducted over 9,000 farmer meetings and more than 3,400 field demonstrations across the country to educate farmers on eco-friendly farming solutions and increase product penetration in rural markets.

Management Outlook

Commenting on the results, Rajesh Kumar Aggarwal, Managing Director, said the company’s performance demonstrates its resilience in navigating challenges posed by adverse conditions, driven by strong product innovation and a robust market presence. He expressed optimism for a productive Rabi season, citing adequate soil moisture and stable input prices as key factors.

Aggarwal also welcomed the appointment of Devendra Kumar Ray as Chief Operating Officer, highlighting his role in strengthening the company’s operational and manufacturing capabilities.

Stock Market Performance

The share price of Insecticides (India) closed at ₹ 667.00, down 2.13%having touched an intraday high of ₹635.60. The company’s market capitalisation stood at approximately ₹1,760 crore. Over the past month, the stock has declined by nearly 9%. The company’s PE ratio is 13.13, notably lower than the industry average of 29.27, indicating a relatively attractive valuation compared to peers.

Insecticides (India) Ltd. is one of the top Indian crop protection and nutrition companies, set up in 2002, with over 140 formulation products. It serves more than 40 lakhs ‍‌‍‍‌‍‌‍‍‌ farmers through its 70,000 dealers and distributors network.

REF: https://nsearchives.nseindia.com/corporate/INSECTICID_12112025154955_STXPR12112025__1_.pdf

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