Dharmaj Crop Guard Limited — Investor Meet, 03-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Dharmaj Crop Guard reported robust FY26 financials: revenue at Rs. 1138 Cr (+20% YoY), PAT at Rs. 55 Cr (+57% YoY), and EBITDA margin rising to 9%. Domestic institutional & export segments performed strongly. Branded formulations grew only 3% due to monsoon issues but are expected to normalize in FY27. The technical plant achieved PBT breakeven at 65-70% utilization. A new herbicide facility (Rs. 50 Cr CAPEX) is planned by Q3 FY27. Management targets 18-20% top-line growth in FY27, focusing on scaling technical plant utilization and improving product mix for margin expansion. Outlook for FY27 is confident.