Dharmaj Crop Guard Limited — PPTs, 13-08-2025: Investor Presentation

**Financial Highlights:**

Dharmaj Crop Guard kicked off FY26 strong! Revenue up 44% YoY to ₹367.4 Cr. EBITDA soared 88% to ₹50.7 Cr, at 14% margin. PAT jumped 116% to ₹32.6 Cr (9% margin), with gross margin improving to 24%. Fueled by strong Kharif season start.

**Strategic Initiatives & Growth Drivers:**

Domestic Active Ingredients, a new growth engine, surged 62% YoY, leveraging higher Sayakha plant utilization. Strategy focuses on new product launches, optimizing mix, and boosting captive consumption for better margins. Product registrations are actively progressing.

**Business Developments:**

Core Formulations remained robust: Branded Formulations rose 35% YoY (4 new products), Domestic Institutional up 38%. Export sales rebounded sharply (up 83%). Retail touchpoints expanded to 18K+, boosting market reach.

**Market Position & Competitive Advantage:**

Formulations are the performance bedrock. Active Ingredients offer potential margin improvement as industry demand recovers, with focus on leveraging plant capacity effectively.

**Investor Implications:**

With robust Q1 and favorable market conditions, Dharmaj is well-positioned for the Kharif season. Expect positive growth potential and sustained momentum across segments.