RALLIS INDIA Q2 FY27 : BETTER KHARIF SEASON EXPECTED IN FY28, NEW R&D CENTRE BY APRIL 2027 & SEEDS BUSINESS UNDER PRESSURE

• MANAGEMENT EXPECTS STRONGER KHARIF DEMAND IN FY28, SUBJECT TO NORMAL MONSOON CONDITIONS • H2 FY27 DEMAND RECOVERY EXPECTED TO REMAIN UNEVEN, DEPENDING ON RAINFALL & CROP ECONOMICS • RABI FY27 OUTLOOK REMAINS CHALLENGING DUE TO LOW WATER AVAILABILITY • SEEDS REVENUE DOWN 31% YOY TO ₹70 CR, WITH BUSINESS REPORTING ₹4 CR LOSS VS ₹16 CR PROFIT LAST YEAR • SEED PRODUCTION TO BE MODERATED TO REDUCE EXCESS INVENTORY • WORKING CAPITAL EXPECTED TO NORMALIZE GRADUALLY BY MARCH 2027 • CROP CARE REVENUE UP 4% YOY TO ₹788 CR, SUPPORTED BY B2B & SOIL HEALTH PRODUCTS • INSTITUTIONAL B2B REVENUE UP 17% YOY TO ₹232 CR • CSM REVENUE INCREASED APPROXIMATELY 12 TIMES TO ₹27 CR, SUPPORTED BY PEKK-RELATED SALES • NEW KHARIF PRODUCT LAUNCHES GENERATED APPROXIMATELY ₹100 CR REVENUE IN FY27 • COMPANY LAUNCHED 9 CROP CARE & 15 SEED PRODUCTS DURING H1 FY27 • NEW NAVI MUMBAI R&D CENTRE TARGETED FOR COMMISSIONING IN APRIL 2027 • FY27 CAPEX EXPECTED TO REMAIN MODEST, WITH FULL-YEAR SPENDING POTENTIALLY SLIGHTLY ABOVE ₹50 CR • EXPORT DEMAND EXPECTED TO REMAIN CHALLENGING DUE TO FREIGHT COSTS, SHIPMENT DELAYS & CHINESE COMPETITION • WEAK MONSOON, AGROCHEMICAL PRICING PRESSURE, SEED INVENTORY & SLOWER EXPORT RECOVERY REMAIN KEY RISKS

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