Insecticides (India) LimitedQ1 FY27 Results & Financial Update
Insecticides (India) Limited: Q1 FY27 consolidated results and company financials – revenue ₹611.52 Cr, PAT ₹43.87 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Find an answer
Ask this result
Chart · Market context
Insecticides (India) price & chart
Market priceLoading…
1Y return—Price return
Loading market chart…
TradingView Lightweight Charts™ · Copyright © 2025 TradingView, Inc.TradingView
Market chartPrice chart temporarily unavailableThe price chart could not be loaded right now. The reported financial results remain available above.
Spotted a factual error?Tell us the number, date or statement and we will re-check the underlying records and calculations.Report an error
Quarterly Results AnalysisExplore Insecticides (India) Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Insecticides (India) Limited reported revenue from operations of ₹611.52 crore for the first quarter ended June 30, 2026, representing a 12% decrease compared to ₹691 crore in the corresponding period of the previous fiscal year. Management attributed this top-line contraction primarily to a widespread rainfall deficit experienced across India during the quarter, which subdued near-term agricultural demand.
Despite top-line headwinds, gross profit reached ₹193 crore with gross profit margins expanding by 240 basis points year-on-year to 31.6%, supported by disciplined pricing actions and ongoing operating efficiencies. Earnings before interest, tax, depreciation, and amortization stood at ₹68 crore, translating to an EBITDA margin of 11.1% compared to 12.2% in Q1 FY26.
Strategic execution during the quarter focused on premiumization and collaborative product rollouts. The company executed a pan-India mega launch of Granuvia, a next-generation insecticide introduced in partnership with Corteva Agriscience, alongside the introduction of Spinoace under the same global collaboration framework.
Kaeros Research continued its trajectory as a strategic growth lever, expanding its specialized portfolio and distribution footprint. Meanwhile, the company advanced its international business footprint and continued investing in digital transformation, research, and manufacturing infrastructure.
Field engagement remained robust to counter softer seasonal demand conditions. During Q1 FY27, the organization conducted over 3,600 farmer meetings, 600 field days, 1,400 crop demonstrations, and more than 15,000 farmer visits across key agricultural belts.
Insecticides (India) Limited reported consolidated revenue from operations of ₹611.52 crore for the first quarter ended June 30, 2026 (Q1 FY27), compared to ₹691 crore in the corresponding period of the previous year. Company disclosures note a revenue degrowth of 12% year-on-year, primarily driven by a widespread rainfall deficit across India that affected early-season agricultural demand.
Despite the top-line contraction caused by adverse weather patterns, the company maintained gross profit resilience through disciplined pricing actions. Gross profit stood at ₹193 crore with gross profit margins expanding by 240 basis points year-on-year to 31.6%, up from 29.2% in Q1 FY26.
01 · Business model
What does Insecticides (India) do?
Insecticides (India) Limited is a fully integrated crop protection and nutrition company operating across India. The company maintains an extensive portfolio featuring over 20 technical products and more than 130 formulation products, supplying farmers with a comprehensive range of crop protection solutions under its widely recognized 'Tractor Brand'.
The operational footprint spans state-of-the-art manufacturing plants located at Chopanki in Rajasthan, Samba and Udhampur in Jammu & Kashmir, and Dahej in Gujarat, alongside an upcoming facility at Sotanala in Rajasthan. Technical synthesis plants at Chopanki and Dahej provide the organization with backward integration capabilities and structural cost advantages.
Distribution is executed through a robust nationwide network comprising approximately 8,500 distributors and over 70,000 dealers, touching more than 7.5 million farmers. In addition, the company runs dedicated research initiatives such as Kaeros Research and farmer outreach programs through the IIL Foundation to support agricultural productivity.
02 · Historical context
What shaped the business before this quarter
The company has historically developed specialized manufacturing and technical synthesis capabilities across Rajasthan, Gujarat, and Jammu & Kashmir, establishing a foundation for backward integration.
Over prior operating periods, IIL established the 'Tractor Brand' and scaled its portfolio to encompass over 20 technical products and 130 formulations, supported by strategic global innovator collaborations.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹611.52 Cr |
| Total income | ₹616.87 Cr |
| Profit before tax | ₹58.55 Cr |
| Profit after tax | ₹43.87 Cr |
| EPS | ₹15.08 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Top-line revenue declined by 12% year-on-year to ₹611.52 crore, driven primarily by unfavorable weather conditions and a widespread rainfall deficit across India that temporarily softened agricultural input demand.
Growth was underpinned by continued expansion within the Focus Maharatna and Maharatna product portfolios, reinforcing realization quality amidst broader demand pressures.
Reported revenue from operations contracted by 12% year-on-year to ₹611.52 crore, directly attributed by management to deficient rainfall across India that dampened early-season crop protection demand.
Top-line performance was supported by the commercial rollout and distribution scaling of new specialized formulations, led by the pan-India launch of Granuvia and Spinoace in collaboration with Corteva Agriscience.
What drove margins
Gross profit margins expanded by 240 basis points year-on-year to 31.6% (gross profit of ₹193 crore versus ₹202 crore in Q1 FY26), driven directly by disciplined pricing actions and operational efficiencies.
EBITDA contracted 20% year-on-year to ₹68 crore, resulting in an EBITDA margin of 11.1% compared to 12.2% in the corresponding quarter of the previous year, reflecting operating leverage impacts from lower absolute revenue.
Gross profit margins expanded by 240 basis points year-on-year to 31.6% in Q1 FY27 (compared to 29.2% in Q1 FY26), driven by disciplined pricing actions and favorable product mix shifts toward Focus Maharatna and Maharatna portfolios.
Disciplined cost management and backward integration efficiencies helped stabilize gross margins and offset volume pressures, resulting in an EBITDA margin of 11.1% for the quarter.
05 · Demand, customers & order book
Where demand is coming from
Engagement activities during Q1 FY27 included over 3,600 farmer meetings, 600+ field days, 1,400+ crop demonstrations, and 15,000+ farmer visits.
Building on strong farmer acceptance and demonstrated return on investment, the company announced plans to double its ICS plots from the current 36, covering four major crops (rice, cotton, chilli, and soybean) across 14 states.
Building on farmer acceptance and demonstrated crop return on investment, the company announced plans to double its IIL Crop Solutions (ICS plots) from the current 36 plots.
06 · Segments, products & geography
Which parts of the business are doing the work
Geography and market mix
The company maintained its extensive domestic distribution network connecting 7.5 million-plus farmers through 8,500+ distributors and 70,000+ dealers across various states.
Management noted active steps toward advancing the company's international business footprint alongside its domestic operations.
The company maintains operational reach across 14 states, covering major crops including rice, cotton, chilli, and soybean through an extensive network of 8,500+ distributors and 70,000+ dealers.
07 · Strategy & new businesses
How the company is trying to change its growth mix
Strategic partnerships with leading global innovators—highlighted by the collaboration with Corteva Agriscience for Granuvia and Spinoace—continued to strengthen the product pipeline and premiumization strategy.
Collaborations with global innovators such as Corteva Agriscience yielded major commercial milestones during the quarter, notably the pan-India launch of Granuvia and the introduction of Spinoace.
08 · Reported developments
What changed operationally
Despite a 12% drop in quarterly revenue, disciplined pricing actions enabled a 240 basis point year-on-year expansion in gross profit margin to 31.6%.
Gross profit margins expanded by 240 basis points year-on-year to 31.6% despite a challenging demand environment.
09 · Pressure points & risks
What is not going smoothly
Profit after tax decreased 24% year-on-year to ₹43.87 crore, accompanied by a 20% drop in EBITDA to ₹68 crore.
10 · Beyond the numbers
What changed beyond the numbers
Reported update
ICS Plot Expansion Plan
Announced plans to double IIL Crop Solutions (ICS) demonstration plots from 36 to over 70, covering rice, cotton, chilli, and soybean across 14 states.
11 · Key Q&A
The quarter, answered directly
What does Insecticides (India) do?
Insecticides (India) Limited is a fully integrated crop protection and nutrition company operating across India. The company maintains an extensive portfolio featuring over 20 technical products and more than 130 formulation products, supplying farmers with a comprehensive range of crop protection solutions under its widely recognized 'Tractor Brand'.
What is the clearest takeaway from Q1 FY27?
Insecticides (India) Limited reported revenue from operations of ₹611.52 crore for the first quarter ended June 30, 2026, representing a 12% decrease compared to ₹691 crore in the corresponding period of the previous fiscal year. Management attributed this top-line contraction primarily to a widespread rainfall deficit experienced across India during the quarter, which subdued near-term agricultural demand.
What drove revenue or demand?
Top-line revenue declined by 12% year-on-year to ₹611.52 crore, driven primarily by unfavorable weather conditions and a widespread rainfall deficit across India that temporarily softened agricultural input demand.
What mattered most for margins or profitability?
Gross profit margins expanded by 240 basis points year-on-year to 31.6% (gross profit of ₹193 crore versus ₹202 crore in Q1 FY26), driven directly by disciplined pricing actions and operational efficiencies.
What changed operationally beyond the headline numbers?
Strategic partnerships with leading global innovators—highlighted by the collaboration with Corteva Agriscience for Granuvia and Spinoace—continued to strengthen the product pipeline and premiumization strategy.
What are the main pressure points disclosed for the quarter?
Profit after tax decreased 24% year-on-year to ₹43.87 crore, accompanied by a 20% drop in EBITDA to ₹68 crore.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Monsoonal Recovery & Demand Normalization: Monitor subsequent-quarter revenue recovery as the macro environment and seasonal rainfall patterns normalize across key agricultural regions.
- 02
ICS Plot Expansion Progress: Observe execution on the target to double IIL Crop Solutions demonstration plots across 14 states for major crops.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.