Insecticides India Reports 2% Revenue Growth Amid Challenging Weather Conditions in Q2 FY26

Insecticides India Limited (IIL) demonstrated resilience in the face of adverse weather conditions, reporting a 2% year-on-year revenue growth to Rs. 638.00 crores in Q2 FY26. The company's performance, while modest, stands out in a challenging market environment that saw many peers reporting significant declines.

Financial Highlights

Revenue increased by 2% to Rs. 638.00 crores
Gross profit rose by 11% to Rs. 220.00 crores
EBITDA margins maintained at 13% for H1 FY26
Faced Rs. 150.00 crores in product returns due to heavy rainfall

Product Portfolio and Market Strategy

IIL's focus on its premium 'Focus Maharatna' and 'Maharatna' product lines has been a key driver of its performance. The company launched five new products during the quarter, including collaborations with industry leaders:

Altair: A patented pre-emergent herbicide for paddy, developed in partnership with Nissan Chemical Corporation Japan.
Sparcle: A broad-spectrum insecticide targeting brown plant hopper in rice, developed in collaboration with Corteva Agriscience.
Amuse: A patented fungicide mixture developed by IIL.
Centran SC: An advanced insecticide mixture.
Brahmos: An insecticide based on IIL's own technical.

Market Challenges and Opportunities

The quarter was marked by erratic weather patterns, with initial dry spells followed by heavy rainfall, disrupting agricultural activities across India. This led to significant product returns, estimated at Rs. 150.00 crores. However, the company remains optimistic about the second half of the fiscal year, citing improved soil moisture conditions that are expected to boost Rabi season sowing.

Strategic Initiatives

IIL has intensified its market engagement efforts, deploying up to 1,500 crop advisors during peak season to strengthen farmer connections. The company has also invested in digitization, implementing a learning management software for its team and leveraging digital tools for better market connectivity.

Export and B2B Performance

While the domestic B2C segment faced challenges, IIL saw growth in its B2B and international business segments. The company is targeting export revenues of around Rs. 150.00 crores for the fiscal year.

Future Outlook

Despite the setbacks in Q2, IIL maintains its target of double-digit growth for the full fiscal year, with a particular focus on strong growth in its Focus Maharatna and Maharatna segments. The company is optimistic about H2 FY26, expecting a recovery driven by favorable conditions for Rabi crop sowing.

Management Commentary

Rajesh Aggarwal, Managing Director of Insecticides India Limited, stated, "Against the challenging backdrop, I am pleased to share that IIL has successfully maintained its business momentum and market presence. Our core portfolio remained resilient, supported by our strong distribution network, brand equity, and field engagement with farmers."

Aggarwal added, "We remain focused on innovation, premiumization, and becoming a complete crop solution provider and globally competitive agrochemical partner to farmers while continuing to build trust, quality, and sustainable growth."

As Insecticides India Limited navigates through these challenging times, its focus on innovation, market expansion, and farmer engagement appears to be laying the groundwork for potential growth in the coming quarters. The company's ability to maintain revenue growth and gross profit increase in a difficult market environment demonstrates its resilience and strategic adaptability.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.24%	-3.00%	-7.18%	-6.45%	-8.52%	+126.01%

Insecticides (India) Limited , a leading agrochemical company, has announced its unaudited standalone financial results for the second quarter of fiscal year 2025-26, along with a key management appointment.

Financial Performance

For Q2 FY2025-26, Insecticides (India) reported:

Standalone revenue from operations of ₹64,124.89 lacs, compared to ₹62,720.83 lacs in the same quarter last year, representing a year-over-year growth of 2.24%.
Standalone profit of ₹5,531.02 lacs, down from ₹6,160.34 lacs in the corresponding quarter of the previous year, marking a decrease of 10.22%.

Compared to the previous quarter:

Revenue decreased from ₹69,137.24 lacs
Profit declined from ₹5,730.05 lacs

Management Appointment

The Board of Directors has approved the appointment of Mr. Devendra Kumar Ray as Chief Operating Officer (COO), effective November 12, 2025. Mr. Ray brings over 35 years of experience in chemical manufacturing operations management to the role. He holds a B.Tech in Chemical Technology from HBTI, Kanpur.