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RALLIS - Rallis India

📊 NSE: RALLIS 🏢 Pesticides / Agrochemicals - Indian 📅 Last Updated: 12/14/2025 11:35

📢 Recent Corporate Announcements

Rallis India Seeks Shareholder Approval for Appointment of Ashok Sharma as Independent Director

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 13 Mar 2026, 01:16 PM

Rallis India Limited has issued a postal ballot notice to seek shareholder approval for the appointment of Mr. Ashok Hiralal Sharma as an Independent Director. The proposed appointment is for a five-year term effective from February 10, 2026, to February 9, 2031. Shareholders as of the cut-off date of March 6, 2026, are eligible to participate in the remote e-voting process. The voting period is scheduled to run from March 14, 2026, through April 12, 2026, with results expected by April 14, 2026.

Proposed appointment of Mr. Ashok Hiralal Sharma as an Independent Director for a 5-year term
Term of office defined from February 10, 2026, up to February 9, 2031
Remote e-voting period starts March 14, 2026, and ends April 12, 2026
Cut-off date for determining voting eligibility set as March 6, 2026
Final results of the postal ballot to be announced on or before April 14, 2026

💡 This is a routine governance procedure; investors should review the candidate's background in the full notice and exercise their voting rights during the specified window.

Rallis India Schedules Meetings with Abakkus and Karma Capital in March 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Mar 2026, 04:05 PM

Rallis India Limited has announced a schedule for one-on-one meetings with institutional investors in Mumbai. The company is set to meet with Abakkus Asset Manager Private Limited on March 10, 2026, and Karma Capital Advisors Private Limited on March 11, 2026. These meetings are part of the company's regular investor relations activities under SEBI regulations. The company has clarified that no unpublished price sensitive information (UPSI) will be shared during these sessions.

One-on-one meeting with Abakkus Asset Manager scheduled for March 10, 2026
One-on-one meeting with Karma Capital Advisors scheduled for March 11, 2026
Both meetings are scheduled to take place in Mumbai
Compliance disclosure filed under Regulation 30(6) of SEBI LODR Regulations

💡 No immediate action is required as this is a routine regulatory disclosure. Investors should look for any subsequent investor presentations or transcripts that may provide insights into the company's growth strategy.

Rallis India Appoints Former Mahindra Agri CEO Ashok Sharma as Independent Director for 5 Years

🟢 POSITIVE ⭐ 6/10

MANAGEMENT 📅 09 Feb 2026, 07:52 PM

Rallis India has appointed Mr. Ashok Sharma as an Additional Independent Director for a five-year term effective February 10, 2026. Mr. Sharma is a seasoned industry veteran who served as the MD & CEO of Mahindra Agri Solutions Limited from 2011 to 2023. His extensive experience in agri-tech, R&D, and international joint ventures is expected to provide significant strategic value to Rallis. The appointment is subject to shareholder approval and strengthens the board's domain expertise in the agricultural sector.

Appointment of Mr. Ashok Sharma as Independent Director for a 5-year term until February 9, 2031
Mr. Sharma brings over 30 years of experience, including 26 years at the Mahindra & Mahindra group
Previously served as MD & CEO of Mahindra Agri Solutions for 12 years, focusing on R&D and farm tech
Expertise includes setting up international JVs for agrochemicals and seed businesses
The appointment is based on the recommendation of the Nomination and Remuneration Committee

💡 Investors should view this as a positive governance move that brings deep sector-specific leadership to the board. Monitor how his expertise in agri-tech and R&D influences the company's long-term product pipeline.

Rallis India Shareholders Approve Mahesh Kumar Girdhar as Independent Director with 99.97% Votes

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 09 Feb 2026, 07:16 PM

Rallis India Limited has announced the results of its postal ballot regarding the appointment of Mr. Mahesh Kumar Girdhar as an Independent Director. The special resolution was passed with an overwhelming majority, receiving 99.97% of the total votes cast. The voting process, which concluded on February 8, 2026, saw participation from 14.78 crore shares, representing approximately 76% of the company's total shareholding. This appointment strengthens the board's independent oversight as the company continues its operations in the agrochemical sector.

Special resolution for appointment of Mahesh Kumar Girdhar as Independent Director passed with 99.9723% votes in favor.
Total valid votes polled amounted to 14,78,11,273 out of a total of 1,37,223 eligible shareholders.
Promoter and Promoter Group participation was 100% with all 10.71 crore votes in favor.
Public Institutional holders showed 81.7% participation, with 99.90% of those votes supporting the resolution.
Only 40,892 votes (0.0277%) were cast against the resolution across all shareholder categories.

💡 This is a routine management update and a positive sign of shareholder consensus; no immediate action is required. Investors should continue to focus on the company's quarterly performance and market position in the crop protection industry.

Rallis India Schedules Multiple Institutional Investor Meetings for Feb-March 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Feb 2026, 04:13 PM

Rallis India has announced an extensive schedule of meetings with institutional investors and analysts spanning from February 9 to March 5, 2026. The company will engage with international firms in Singapore, including Wellington Management and FSSA Investment Managers, on February 9. Domestically, Rallis will participate in major investor conferences hosted by Kotak Securities and IIFL, alongside one-on-one meetings with HDFC AMC and HDFC Life in Mumbai. These meetings are intended for routine business discussions and no unpublished price-sensitive information will be disclosed.

Scheduled interactions with over 10 institutional entities across Singapore and Mumbai
International outreach on February 9, 2026, with 4 Singapore-based investment managers
Participation in two major brokerage-led investor conferences on February 25 and 26
One-on-one meetings with domestic institutional leaders including HDFC AMC and HDFC Life
Engagement period concludes with NV Alpha Fund Management on March 5, 2026

💡 This is a routine disclosure; investors should watch for any investor presentations or transcripts released post-meetings for updates on the company's strategic outlook.

Rallis India Q3 Revenue Up 19% to ₹623 Cr; PAT Impacted by ₹40 Cr Exceptional Wage Provision

🔵 WATCH ⭐ 8/10

EARNINGS 📅 28 Jan 2026, 02:24 PM

Rallis India reported a robust 19% YoY revenue growth to ₹623 crore for Q3 FY26, primarily driven by a 28% increase in volumes despite an 8% decline in realizations. EBITDA grew by 29% to ₹58 crore, but Net Profit (PAT) fell 81% to ₹2 crore due to a one-time ₹40 crore gratuity provision following wage code implementation. The export segment (B2B) was a standout performer, surging 73% YoY, while the seeds business grew 46% despite seasonal headwinds. Management remains focused on digital engagement and new product launches to counter global pricing pressures from China.

Revenue grew 19% YoY to ₹623 crore, supported by a strong 28% volume expansion.
PAT declined 81% to ₹2 crore due to an exceptional ₹40 crore provision for gratuity.
Export (B2B) revenue surged 73% to ₹129 crore, driven by higher capacity utilization and customer expansion.
Seeds business revenue increased 46% to ₹43 crore, led by paddy, mustard, and wheat placements.
Maintained strong liquidity with cash and liquid balances of ₹455 crore as of December 31, 2025.

💡 Investors should look past the one-time PAT hit and focus on the strong volume growth and export recovery. Monitor the impact of global pricing volatility and Chinese competition on future margins.

Rallis India Releases Audio Recording of Q3 FY26 Earnings Call

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 21 Jan 2026, 03:19 PM

Rallis India Limited has officially released the audio recording of its analyst and investor conference call held on January 21, 2026. The call discussed the company's unaudited financial performance for the third quarter and nine months ended December 31, 2025. This disclosure follows the board meeting held on January 20, 2026, where the quarterly results were approved. Access to this recording allows stakeholders to review management's detailed commentary on operational highlights and future outlook.

Audio recording for Q3 FY26 earnings call made available on January 21, 2026.
Covers financial performance for the nine-month period ending December 31, 2025.
Board of Directors approved the underlying results on January 20, 2026.
Recording link provided for transparency and investor access via the company website.

💡 Review the earnings call recording to understand management's perspective on the agrochemical industry's recovery and margin trajectory. Monitor for any updates on new product launches or capital expenditure plans.

Rallis India Q3 FY26 Revenue Rises 19% to ₹623 Cr; PAT Impacted by One-Off Gratuity Provision

🔵 WATCH ⭐ 7/10

EARNINGS 📅 20 Jan 2026, 07:36 PM

Rallis India reported a 19% YoY revenue growth to ₹623 Cr for Q3 FY26, driven by robust volume growth in Crop Care (27%) and Seeds (50%). While EBITDA grew 29% to ₹58 Cr, reported PAT fell 81% to ₹2 Cr due to a one-time additional gratuity provision arising from the new Wage Code. The B2B export and Custom Synthesis Manufacturing (CSM) segment showed strong momentum with a 56% YoY revenue increase. Despite price degrowth of 9% in Crop Care due to competition, the company's 9M FY26 PAT remains healthy at ₹199 Cr, up 26% YoY.

Q3 FY26 Revenue increased 19% YoY to ₹623 Cr, while 9M FY26 Revenue grew 9% to ₹2,441 Cr.
B2B Exports including CSM revenue surged by 56% YoY in Q3, driven by customer expansion.
Volume growth of 27% in Crop Care and 50% in Seeds offset price declines of 9% and 3% respectively.
Q3 PAT dropped to ₹2 Cr from ₹11 Cr YoY due to exceptional one-off gratuity provisions.
Launched 9 new products in 9M FY26, including 7 herbicides and 2 fungicides to plug portfolio gaps.

💡 Investors should look past the one-off PAT decline and focus on the strong volume recovery and export momentum. Monitor the company's ability to manage input cost inflation and the liquidation of elevated channel inventory in the upcoming quarter.

Rallis India Q3 FY26 Revenue Up 19% to ₹623 Cr; PAT Impacted by Exceptional Items

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 20 Jan 2026, 07:18 PM

Rallis India reported a strong 19% YoY revenue growth in Q3 FY26, reaching ₹623 crore, driven by robust volume growth across Crop Care and Seeds segments. While EBITDA grew significantly to ₹58 crore, the net profit (PAT) for the quarter was restricted to ₹2 crore due to a one-time exceptional charge for gratuity provisions related to the new Wage Code. For the nine-month period, the company showed resilience with a 26% increase in PAT to ₹199 crore. Innovation remains a key focus, evidenced by new product launches and international patent grants.

Q3 Revenue grew 19% YoY to ₹623 crore, while 9M Revenue rose 9% to ₹2,441 crore.
Q3 EBITDA increased to ₹58 crore from ₹44 crore, reflecting improved operational efficiency.
9M PAT surged 26% YoY to ₹199 crore, despite a low Q3 PAT of ₹2 crore caused by exceptional items.
Successfully launched Fateh Nxt™ herbicide and secured a US process patent for Mesotrione.
Strong volume traction observed across Crop Care, Seeds, and B2B business segments.

💡 Investors should look past the low Q3 PAT as it was hit by a one-time regulatory provision; the underlying operational growth and volume expansion are healthy. Monitor the company's ability to maintain margins amidst seasonal fluctuations in the agri-input sector.

Rallis India Q3 Revenue Up 19% to ₹623 Cr; Net Profit Falls 73% Due to ₹40 Cr One-time Charge

🔵 WATCH ⭐ 7/10

EARNINGS 📅 20 Jan 2026, 06:21 PM

Rallis India reported a 19.3% YoY increase in Q3 FY26 revenue to ₹623 crore, showing steady growth in its agri-inputs business. However, Net Profit for the quarter dropped sharply to ₹3 crore from ₹11 crore in the previous year, primarily due to a one-time exceptional charge of ₹40 crore related to the implementation of new Labour Codes. On an operational basis, Profit Before Exceptional Items and Tax nearly doubled to ₹36 crore compared to ₹19 crore in Q3 FY25, indicating improved underlying margins. For the nine-month period ended December 2025, the company remains on a strong footing with a net profit of ₹199 crore, up 26.7% YoY.

Revenue from operations grew 19.3% YoY to ₹623 crore in Q3 FY26.
Net Profit declined 72.7% YoY to ₹3 crore due to a ₹40 crore exceptional provision for gratuity under new Labour Codes.
Operational Profit (PBT before exceptional items) rose significantly to ₹36 crore from ₹19 crore YoY.
Nine-month (9M FY26) Net Profit stands at ₹199 crore, a 26.7% increase over the ₹157 crore reported in 9M FY25.
Exceptional items for the quarter included a ₹5 crore gain from the sale of flats, partially offsetting the labour code impact.

💡 Investors should look past the headline profit decline as it was caused by a non-recurring regulatory charge; the underlying operational growth and margin expansion remain healthy. Monitor the company's ability to maintain this revenue momentum in the upcoming quarters given the seasonal nature of the agri-input industry.

Rallis India to Host Q3 & 9M FY26 Earnings Conference Call on January 21, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 10 Jan 2026, 05:19 PM

Rallis India Limited has scheduled its earnings conference call for Wednesday, January 21, 2026, at 11:00 AM IST. The call will focus on the company's financial performance for the third quarter and nine months ended December 31, 2025. Senior management will provide key commentary followed by an interactive Q&A session for analysts and investors to discuss the domestic crop protection sector performance.

Earnings call scheduled for January 21, 2026, at 11:00 AM IST
Discussion will cover Q3 and 9M FY26 financial results ending December 31, 2025
Senior management, including the CFO, will be present for the interactive Q&A session
Pre-registration is available via Diamond Pass for interested participants

💡 Investors should monitor the call for management's outlook on the crop protection sector and commentary on margin pressures. No immediate action is required until the actual financial results are released.

Rallis India Proposes Appointment of Mahesh Kumar Girdhar as Independent Director for 5-Year Term

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 09 Jan 2026, 12:42 PM

Rallis India Limited has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Mahesh Kumar Girdhar as an Independent Director. He was previously appointed as an Additional Director effective December 10, 2025, and the proposed term is for five consecutive years ending December 9, 2030. The voting process is conducted via electronic means only, with the e-voting period running from January 10, 2026, to February 8, 2026. Shareholders as of the cut-off date of January 2, 2026, are eligible to participate in this special resolution.

Proposed appointment of Mahesh Kumar Girdhar as Independent Director for a 5-year term until December 9, 2030
Remote e-voting period scheduled from January 10, 2026 (9:00 AM) to February 8, 2026 (5:00 PM)
Cut-off date for determining shareholder voting eligibility was January 2, 2026
Final results of the postal ballot to be announced on or before February 10, 2026

💡 This is a routine governance matter; investors should review the appointee's credentials in the full notice and exercise their voting rights during the e-voting window.

Rallis India Reports Resignation of Amol Jadhav as Head of EHSS

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 07 Jan 2026, 07:35 PM

Rallis India Limited has announced the resignation of Mr. Amol Jadhav, who served as the Head of Environment, Health, Safety & Sustainability (EHSS). Mr. Jadhav was a member of the Senior Management Personnel and officially stepped down effective from the close of business hours on January 7, 2026. The resignation was originally tendered on October 13, 2025, citing personal commitments, allowing for a standard notice period and transition. This change is part of routine management turnover and does not involve core financial or strategic leadership roles like the CEO or CFO.

Resignation of Mr. Amol Jadhav as Head - Environment, Health, Safety & Sustainability (EHSS)
Cessation of service effective from the close of business hours on January 7, 2026
Resignation letter was submitted on October 13, 2025, citing personal commitments
The role is classified under the Senior Management Personnel (SMP) category

💡 No immediate action is required as this is a routine management change in a non-financial role. Investors should continue to monitor the company's operational performance and agricultural sector trends.

Rallis India Submits SEBI Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jan 2026, 02:31 PM

Rallis India Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate pertains to the quarter ended December 31, 2025, confirming the processing of dematerialization and rematerialization requests. This is a standard regulatory requirement for listed companies to ensure share records are accurately maintained with NSDL and CDSL. The filing indicates that all necessary details have been furnished to the stock exchanges where the company's shares are listed.

Compliance certificate submitted for the quarter ended December 31, 2025.
Adherence to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
Confirmation that dematerialization and rematerialization details were reported to NSDL and CDSL.
The filing was officially signed and dated January 7, 2026.

💡 No action is required from investors as this is a routine administrative filing. Focus should remain on the company's upcoming quarterly financial results for fundamental assessment.

Rallis India Appoints Dr. Devender Kumar as Head R&D - Seeds Division

🟢 POSITIVE ⭐ 6/10

MANAGEMENT 📅 30 Dec 2025, 07:46 PM

Rallis India Limited has appointed Dr. Devender Kumar as the Head of Research & Development for its Seeds Division, effective July 1, 2026. He will join the company as a designate on January 2, 2026, to facilitate a smooth transition into the Senior Management Personnel role. Dr. Kumar brings over 23 years of specialized experience in plant breeding and product innovation from industry leaders like Bayer Crop Science and Monsanto. This strategic hire is aimed at enhancing the company's breeding ecosystems and product pipeline across major crops like maize, rice, and cotton.

Dr. Devender Kumar to take over as Head R&D - Seeds Division effective July 1, 2026.
Brings over 23 years of experience in agricultural science, plant breeding, and germplasm development.
Previous leadership experience at Nuziveedu Seeds, Bayer Crop Science, Monsanto, and Mahyco.
Expertise includes genomics, data science, and R&D IT for next-generation breeding ecosystems.
Designated to join the company starting January 2, 2026, for a transition period.

💡 Investors should view this as a positive long-term move for the company's seed business, though no immediate impact on financials is expected. Monitor the progress of new seed product launches and R&D efficiency improvements starting in late 2026.

View All RALLIS Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The Crop Care segment (82-84% of revenue) saw a 10.8% decline in FY24 to INR 2,650 Cr but recovered with 16% growth in Q1 FY26. The Seeds segment (16% of revenue) grew 21% in FY24 to INR 416 Cr and surged 38% in Q1 FY26 due to better volume offtake.

Geographic Revenue Split

Domestic sales contribute ~80% of total revenue, covering 80% of India's districts. Exports contribute ~20% (INR 545 Cr in FY25), reaching 41 countries, though export revenue declined 35% in FY24 and 14.7% in FY25 due to global headwinds.

Profitability Margins

Gross margins improved to 40.1% in FY24 from 34.2% in FY23. Operating margins fluctuated from 8.6% in FY23 to 12.3% in FY24, then moderated to 11.1% in FY25 due to lower operating leverage on flat revenues.

EBITDA Margin

EBITDA margin stood at 11.1% for FY25, a decrease from 12.3% in FY24. Q1 FY26 saw a temporary spike to 16.92% driven by pre-buying and early monsoon, while the company targets a long-term seed business EBITDA margin of 23-25%.

Capital Expenditure

Historical and planned annual capital expenditure is maintained at INR 150 Cr per annum to fund manufacturing efficiencies and new product development.

Credit Rating & Borrowing

CRISIL AA+/Stable for long-term and CRISIL A1+ for short-term/commercial paper. Interest coverage remains robust at 17.5x to 19x, supported by a healthy capital structure with nearly nil term debt.

⚙️ Operational Drivers

Raw Materials

Key inputs include chemical feedstocks and technical grade pesticides, which are subject to global price volatility. Raw material inflation is managed through procurement efficiency and pricing discipline.

Import Sources

Sourced both domestically and internationally, with significant exposure to China, which has impacted the market through dumping and price erosion in the technicals segment.

Key Suppliers

Not specifically named in the documents, but the company leverages its relationship with parent Tata Chemicals Ltd for operational and managerial support.

Capacity Expansion

Focus is on manufacturing efficiencies and the Rallis Innovation Chemistry Hub (RICH) to cater to domestic and global requirements, supported by INR 150 Cr annual capex.

Raw Material Costs

Raw material costs are a significant portion of the cost structure; gross margins improved by 590 basis points in FY24 due to cost optimization and lower feedstock prices.

Manufacturing Efficiency

Focus on manufacturing efficiencies and digitalization to grow faster than the industry average. Capacity utilization metrics are not explicitly provided.

Logistics & Distribution

Extensive distribution network covering 80% of India's districts; specific distribution costs as a % of revenue are not disclosed.

📈 Strategic Growth

Expected Growth Rate

8-10%

Growth Strategy

Growth will be driven by increasing the Innovation Turnover Index (ITI) from 14% to 20% through new product launches, particularly in the Herbicide segment (23% of branded sales), and expanding digital market reach in rural villages.

Products & Services

Insecticides (44% of domestic branded formulations), Fungicides (32%), Herbicides (23%), hybrid seeds (cotton, etc.), and plant growth nutrients.

Brand Portfolio

Rallis India, RICH (Rallis Innovation Chemistry Hub), and Sampark (farmer engagement initiative).

New Products/Services

New product launches contributed to a 14% ITI in FY25, with a target to reach 20% over the medium term to drive revenue growth.

Market Expansion

Expanding strategic alliances and farmer reach in domestic villages while exploring new export opportunities in 41 countries.

Market Share & Ranking

Rallis is a leading player in the domestic crop protection sector, though its 2% CAGR has lagged the industry's 7-8% CAGR over the last five years.

Strategic Alliances

Partnerships for seed products and strategic alliances for crop protection; specific partner names are not disclosed.

🌍 External Factors

Industry Trends

The industry is seeing a shift toward herbicides due to changing labor dynamics and a focus on digitalization for farmer engagement. Global markets are currently recovering from a period of intense de-stocking.

Competitive Landscape

Competes with multinationals and domestic players in a highly fragmented and regulated agrochemical market.

Competitive Moat

Moat is built on the 'Tata' brand, a strong distribution network (80% of districts), and deep farmer relationships. Sustainability is supported by the 55.08% ownership by Tata Chemicals Ltd.

Macro Economic Sensitivity

Highly sensitive to agricultural GDP and monsoon patterns; early monsoon in FY26 led to a 22.2% revenue jump in Q1 due to pre-buying.

Consumer Behavior

Farmer sentiment is volatile and tied to farm income and monsoon reliability, influencing the timing of pesticide and seed purchases.

Geopolitical Risks

Trade dynamics with China (dumping) and global supply chain disruptions pose significant risks to the export segment (20% of revenue).

⚖️ Regulatory & Governance

Industry Regulations

Subject to specific registration processes in different countries and potential bans on key pesticides; the company maintains a product pipeline to mitigate these risks.