Madhya Bharat Agro Products Limited — Investor Meet, 20-07-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Madhya Bharat Agro Products reported resilient Q1 FY27 results despite challenges, with revenue at ₹416 crore, EBITDA up 16% YoY to ₹66 crore, and PAT up 17% YoY to ₹33 crore, partially aided by lower-cost raw material inventory.

Management acknowledges Q1 headwinds from elevated raw material prices and monsoon delays but is optimistic for improving capacity utilization. Significant performance growth is expected from Q3 FY27, driven by the commissioning of the Dhule expansion in October 2026, adding 3,30,000 MTPA DAP-NPK capacity. Further expansion is slated for October 2027.

The company completed a 1:5 stock split to enhance retail investor access and expanded its product portfolio. Management expressed confidence in achieving its long-term revenue targets, citing stable raw material sourcing and ongoing government policy support, despite geopolitical uncertainties. Sentiment is positive on the growth trajectory.