NathBio-Genes Reports 15.9% Revenue Growth to INR 3,199 Million in H1 FY26, Driven by Strong Cotton and Vegetable Seed Performance

Nath Bio-Genes (India) Limited, a leading player in the Indian seed industry, has reported a robust financial performance for the first half of fiscal year 2026. The company's revenue grew by 15.9% year-on-year to reach INR 3,199.00 million, with Profit After Tax (PAT) increasing by 15.3% to INR 424.00 million.

Strong Performance in Key Segments

The company's growth was primarily driven by strong performances in its cotton and vegetable seeds segments:

Cotton: Achieved a 26.3% value growth, with volume increasing by 6% to 1.11 million packets
Vegetable Seeds: Recorded a 25% year-on-year growth, emerging as the fastest-growing segment
Paddy: Delivered steady growth with a 10% increase in value

Product Portfolio and Market Position

Nath Bio-Genes maintained its market position despite challenging conditions:

Cotton and paddy together accounted for 74% of H1 revenue
Flagship brands like Nath Sanket, JUMBO, and RANA continued to perform well
The company expanded its product portfolio across maize, vegetable seeds, and plant nutrition solutions

Financial Highlights

Metric	H1 FY26 (INR Million)	Y-o-Y Growth
Revenue	3,199.00	15.9%
PAT	424.00	15.3%

Operational Challenges and Strategies

The company demonstrated resilience in the face of several challenges:

Erratic monsoons and uneven rainfall patterns
Spread of illegal BT cotton, which impacted the organized seed sector
Evolving market dynamics and changing farmer preferences

To address these challenges, Nath Bio-Genes focused on:

Enhancing product portfolio and creating hybrids with improved resilience
Strengthening channel partnerships
Expanding market reach, especially in the vegetable seeds segment

Future Outlook

Management expressed optimism about future growth prospects:

Expecting continued growth in the vegetable seeds and Plant Nutrition Solutions segments
Advancing steadily on the innovation pipeline with several promising hybrids across key crops
Progress in the Uzbekistan joint venture, with plans to expand into different crops

Management Commentary

Satish Kagliwal, Managing Director of Nath Bio-Genes, stated, "Despite uneven monsoons, erratic rainfall, and evolving market dynamics, our teams on the ground have continued to deliver consistent results and strengthen farmer trust in our products."

Dr. Venkatesh Kulkarni, Research Lead, highlighted the company's focus on addressing climate unpredictability: "We are working on developing hybrids that offer improved resilience to diseases and pests, as well as tolerance to heat and other abiotic stresses."

While Nath Bio-Genes has shown strong growth in H1 FY26, investors should note that the company faces ongoing challenges from erratic weather patterns and competition from illegal seed varieties. The management's focus on product innovation and market expansion will be crucial for maintaining growth momentum in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.78%	-2.12%	-4.02%	-14.02%	-6.83%	-39.16%

Nath Bio-Genes (India) Limited, a leading player in the seed industry, has reported a robust financial performance for the second quarter of fiscal year 2026. The company's revenue witnessed a significant growth of 23.5% year-on-year, reaching Rs 398 million, driven by strong performances in its cotton and vegetable seeds segments.

Key Highlights

Revenue increased by 23.5% to Rs 398 million in Q2FY26
Profit After Tax (PAT) grew by 45.4% to Rs 42 million
Gross margins expanded to 68% from 60% in the previous year
Cotton segment saw a 6.3% growth to 1.11 million packets
Vegetable seeds segment recorded a 24.4% growth

Segment-wise Performance

Cotton Segment

The cotton segment, which continues to be the key revenue driver for Nath Bio-Genes, reported a 6.3% year-on-year rise to 1.11 million packets. This steady performance reflects resilient demand and the company's strong channel presence in the market.

Vegetable Seeds Segment

The vegetable seeds segment emerged as the fastest-growing category for Nath Bio-Genes, delivering a robust 24.4% year-on-year growth. This segment's strong performance is attributed to expanding market reach and increasing farmer demand, contributing positively to the company's revenue mix and margin accretion.

Other Crop Segments

Crop	Performance	Growth
Paddy	51.7K quintals	0.5%
Maize	4.8K quintals	17.3%
Bajra	8.6K quintals	-11.7%
PNS	24.0K quintals	3.7%

Financial Performance

Nath Bio-Genes' profit after tax (PAT) saw a substantial increase of 45.4%, reaching Rs 42 million in Q2FY26. This growth in profitability was supported by an expansion in gross margins, which improved from 60% in the previous year to 68% in the current quarter.

The company's improved financial performance can be attributed to its strategic focus on diversification beyond cotton and accelerated growth in high-margin products. Nath Bio-Genes is also emphasizing operational efficiency enhancement and strengthening innovation through focused R&D efforts.

International Collaboration

The company's joint venture in Uzbekistan is operating successfully, strengthening its ongoing business momentum and international presence. This collaboration is expected to contribute to Nath Bio-Genes' growth strategy in the coming quarters.

Outlook

With a strong performance in Q2FY26, Nath Bio-Genes appears well-positioned to capitalize on the growing demand for high-quality seeds in both domestic and international markets. The company's focus on diversification, R&D, and operational efficiency is likely to drive sustainable growth in the future.