Dhanuka Agritech Limited — Investor Meet, 22-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Dhanuka Agritech delivered resilient Q4 FY26 results: revenue rose 9% to Rs. 483.34 Cr, EBITDA hit Rs. 124.89 Cr, and PAT reached Rs. 97.77 Cr. A significant Rs. 14.5 Cr GST refund boosted Q4 EBITDA. The Board approved a share buyback (max Rs. 1,400/share) and an ESOP scheme.

Management forecasts low double-digit growth for FY27. While raw material costs are up, price increases are expected by Q2. FY27 EBITDA margins may moderate by 100 bps due to the non-recurrence of the GST refund. The biostimulant segment, impacted by prior regulations, is set for a strong recovery. Cotton acreage and herbicide demand are expected to be robust this Kharif season.