Profit slid 16% YoY to ₹85 crore, surpassing the ₹64 crore consensus. CEO M. S. Sharma said the dip reflected higher input costs rather than business weakness.
Revenue held steady at ₹858 crore, just marginally below the ₹862 crore of Q1 but beating the ₹782 crore forecast. EBITDA fell 13% to ₹134 crore, yet the 15% margin still outpaced the 14% consensus.
Crop Care drove a 4% revenue lift to ₹788 crore, with EBITDA at ₹126 crore, a slight 2% dip. B2B sales rose 17% and exports 18%, offsetting a 31% slump in the seed segment, which saw zero EBITDA after a ₹25 crore loss.
The company cited rising raw‑material prices, uneven monsoon rains, and higher sales returns as drag. Sharma added that the firm is tightening procurement to stem cost escalation.
Shares sank 4% to ₹196.1, a 34% slide from the ₹298 peak. Analysts project a cautious outlook, noting that Q3 will test the firm’s cost‑control and demand resilience.