Sumitomo Chemical

Sumitomo Chemical India Limited reported consolidated revenue of INR 1,987 crores in H1 FY26, representing 9% year-on-year growth, with profit after tax increasing 11% to INR 356 crores. However, Q2 FY26 revenue declined to INR 930 crores from INR 988 crores in the previous year due to excessive rainfall from July to September that disrupted farming activities and delayed spray applications. The company maintained gross margins at 43.1% in Q2 and EBITDA margins at 22% for H1 despite weather-related volume impacts. Domestic business contributed 85% of revenue with 11% growth, while exports declined 4% due to reduced sales in South America and Africa. The company launched new products including rice herbicide Lentigo and fungicide Excalia Max, both performing ahead of targets. Cash and cash equivalents stood at INR 2,089 crores, providing strong liquidity. Management expects recovery in the Rabi season due to improved field conditions and adequate water reserves. The company plans capex of INR 500-600 crores over five years for seven products at the upcoming Dahej facility, pending approvals from the parent company.

Sumitomo Chemical India has announced comprehensive financial and operational targets for FY27. The company aims to achieve revenue of ₹6,500-7,000 crore with 18% profit after tax growth. The growth strategy includes launching 40 new agricultural molecules and scaling exports to ₹2,500 crore. The company also targets maintaining zero debt while building cash reserves above ₹2,000 crore.

Sumitomo Chemical India reported Q2 revenue of 9.3 billion rupees, down from 9.9 billion rupees in the same period last year. The company's consolidated net profit decreased to 1.78 billion rupees from 1.9 billion rupees year-over-year. EBITDA fell to 2.18 billion rupees compared to 2.45 billion rupees previously, while EBITDA margin compressed to 23.45% from 24.82% in the prior year period.