Insecticides (India) Limited reported a 7% increase in revenue from operations to ₹2,140 crore for the financial year ended March 31, 2026, compared to ₹2,000 crore in FY25. Net profit for the year declined 2% to ₹139 crore from ₹142 crore in the previous year, primarily due to a ₹9 crore increase in deferred tax provisions. The company attributed the performance to healthy growth momentum and stable margins despite a challenging operating environment marked by erratic rainfall and global disruptions.

Consolidated Financial Performance

For the quarter ended March 31, 2026, revenue grew 19% to ₹426 crore from ₹359 crore in Q4 FY25. Net profit for the quarter stood at ₹12 crore, compared to ₹14 crore in the same period last year. EBITDA for the full year rose 3% to ₹227 crore, while EBITDA margins stood at 10.6%. Earnings per share (EPS) for the full year was ₹47.91, compared to ₹48.38 in the previous year.

The following table summarises the company's financial performance:

Operational Highlights

The company recorded a total turnover of ₹2,140 crore for FY26. Premium products delivered robust growth of 24% during Q4FY26. Key brands including Torry Super, Shinwa, Centran, Sparcle, and Kunoichi witnessed strong market traction. The company strengthened its collaboration with Corteva Agriscience through the launch of GRANUVIA in May 2026. It introduced five new launches in FY26, adding more than 25 products in the last three years.

Strategic Outlook and Management Commentary

Management remains cautiously optimistic about the demand environment for FY27, citing improving dealer activity and rising prices. The company noted that raw material prices have increased sharply, up to 10% in certain cases, due to geopolitical tensions and supply-side constraints. To mitigate this, the company maintains comfortable inventory levels and has taken pricing actions to protect margins. The company is entering its 25th year, termed its Silver Jubilee, and plans to focus on innovation, premiumization, and operational excellence.

Capital Efficiency and Assets

As of March 31, 2026, net working capital stood at ₹827.92 crore. Inventory days improved to 194 days from 238 days in the previous year. Trade receivables days increased to 83 days from 70 days, while trade payables days decreased to 109 days from 136 days. Total assets for the year stood at ₹2,000.18 crore, with total equity and liabilities at ₹2,000.18 crore.

Board Approvals and Appointments

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, based on the unmodified opinion of Joint Statutory Auditors M/s S S Kothari Mehta & Co., LLP and M/s Devesh Parekh & Co. The Board approved the formulation of the Employee Stock Purchase Scheme 2026, covering up to 2,00,000 equity shares, subject to shareholder approval. Mrs. Nikunj Aggarwal resigned as Whole Time Director with immediate effect. The Board appointed Mr. Sanskar Aggarwal as Whole Time Director (Additional) for a term of five years effective May 28, 2026, subject to shareholder approval. Mr. Atul Kumar was appointed as Vice President- Sales (North). M/s T Jain & Associates were appointed as Internal Auditor for a period of five years effective April 01, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE070I01018/f0ad6acef03a4012.pdf

Insecticides (India) Limited (IIL) announced the launch of GRANUVIA™ on May 16, 2026, a next-generation granular insecticide designed for paddy crop protection in the domestic market. The product targets two of the most damaging pests affecting rice cultivation in India — brown plant hopper (BPH) and stem borer — and has been developed by Corteva Agriscience, which will exclusively supply it to IIL under the GRANUVIA™ brand name. The launch was formally disclosed to stock exchanges under Regulation 30 read with Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Product Launch Details

The following details were disclosed as part of the regulatory intimation:

Pest Challenges Addressed

Pest infestations continue to significantly impact rice productivity across India. Early and prolonged outbreaks of brown plant hopper affected millions of acres across multiple states, compelling farmers to undertake at least two to three rounds of intervention. In severe cases, BPH can lead to yield losses ranging from 20% to 60%. Stem borer, another major yield-limiting pest, typically causes 10% to 30% crop damage, with losses potentially higher in severe infestations due to the formation of "dead hearts," which severely affects plant health and productivity.

Key Features of GRANUVIA™

GRANUVIA™ is formulated as a granular product compatible with common farmer application practices, including mixing with sand or urea, and uses a simple broadcasting method. Its key protective attributes include:

• Up to 60 days of long-duration control against brown plant hopper (BPH) from the day of application
• Up to two weeks of protection against stem borer (dead heart management)
• Recommended application at 30–35 days after transplanting, a critical growth stage for paddy
• Reduces the overall number of sprays required and lowers application costs
• Supports higher tillering, improved crop density, and enhanced crop vigor

Management Commentary

Mr. Rajesh Kumar Aggarwal, Managing Director, Insecticides (India) Limited, stated, "With rising pest pressure and changing climatic conditions, farmers need reliable and easy-to-use solutions. The launch of GRANUVIA™ introduces next-generation solution designed to deliver consistent, long-term pest control while improving overall crop health and productivity. Addressing persistent challenges from key pests such as brown plant hopper and stem borer, GRANUVIA™ provides sustained protection across critical growth stages."

Mr. Dushyant Sood, Chief Marketing Officer, Insecticides (India) Limited, added, "This product has been developed by Corteva Agriscience, and will be exclusively supplied to Insecticides (India) Limited under its brand name of GRANUVIA™. It is positioned as a future-ready solution for modern rice farming based on its novel action to control BPH and Stem borer. With its advanced technology, superior value delivery, proven field performance and farmer-friendly application, GRANUVIA™ is set to strengthen pest management practices and support improved productivity in India's paddy cultivation."

Mr. Manoj Singh Bhandari, GM & Crop Manager for Paddy, highlighted that the advanced granular formulation ensures ease of application, reduces overall application costs, and minimizes the number of sprays required to manage BPH through its long-duration control. He noted that rigorous field days were conducted to demonstrate GRANUVIA™'s efficacy, where farmers participated in large numbers and observed effective control of stem borer and BPH, higher tillering leading to improved crop density, and greener, healthier crops with enhanced vigor.

About Insecticides (India) Limited

Insecticides (India) Limited is one of India's leading crop protection and nutrition companies, with a product portfolio consisting of 21+ technical products and 125+ formulation products. The company operates two technical synthesis plants, six formulation plants (including one EOU), and a biological plant under toll arrangement. IIL has collaborations with international research organizations including Corteva Agriscience (USA), OAT Agrio Co. Ltd. (Japan), and Nissan Chemical Corporation (Japan), and maintains four R&D centers, including a GLP-certified research facility in Chopanki. The company has a connect with 40,00,000+ farmers, 70,000+ dealers, and 8,500+ distributors across India.

GRANUVIA™ is a registered Trade Mark of Corteva Agriscience India Pvt. Limited.

Source: None/Company/INE070I01018/45e5bd5d-d209-4f4f-9f5a-f257fbacb150.pdf