Dharmaj Crop Guard Limited — Investor Meet, 19-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Dharmaj Crop Guard reported H1 FY26 revenue of INR 715 Cr (+26% YoY) and net profit of INR 49.9 Cr. Q2 revenue of INR 347 Cr (+12% YoY) saw moderated margins due to erratic monsoons and mix changes. The technical segment posted strong 44% H1 YoY sales growth. Management remains optimistic for a robust Rabi season, reaffirming its 20-25% full-year growth target and expecting FY26 EBITDA margins to improve to 9-9.5%. Strategic focus includes backward integration for key products, expanding into new geographies, and planning a herbicide technical plant. The company expresses confidence in achieving sustainable growth through aggressive market penetration and diverse product offerings.