30-Oct-2026 14:01:31
SHARDA CROPCHEM Q2 FY27: MAINTAINS 10–15% REVENUE GROWTH GUIDANCE & 18–20% EBITDA MARGIN TARGET; ₹419 CR H1 CAPEX
• FY27 Revenue Guidance: Management maintains revenue growth guidance of 10–15%, supported by strong demand across North America and Latin America • FY27 Margin Guidance: Expects EBITDA margins of 18–20% for FY27, supported by better product mix and operating leverage during H2 • H2 Outlook: Management expects stronger performance in the second half, with improving margins and recovery in European demand • Capex Investment: Invested ₹419 Cr in product registrations during H1 FY27, strengthening its global agrochemical portfolio • Product Registrations: Total registrations reached 3,044, with another 946 applications pending at various stages • North America Growth: NAFTA business recorded approximately 30% overall revenue growth YoY, supported by stronger demand and improved margins • Latin America Expansion: Agrochemical revenue from LATAM surged 81% YoY to ₹128 Cr, reflecting strong regional growth • Europe Recovery: European agrochemical revenue declined 7% YoY to ₹429 Cr due to heatwaves, drought conditions and cautious distributor restocking; management expects recovery in H2 • Non-Agro Business: Revenue surged 68% YoY to ₹212 Cr, supported by 94% growth in the NAFTA region • Agrochemical Business: Revenue increased 5% YoY to ₹840 Cr, contributing approximately 80% of total quarterly revenue • Quarterly Results: Revenue increased 13% YoY to ₹1,052 Cr, EBITDA grew 18% to ₹164 Cr and PAT rose 23% to ₹92 Cr • Margin Improvement: Gross margin expanded to 35.9% from 34.5% YoY, while EBITDA margin improved to 15.6% from 15% • H1 Performance: Revenue increased 11% YoY to ₹2,125 Cr, EBITDA grew 22% to ₹343 Cr, while PAT declined 17% to ₹180 Cr due to higher forex gains in the previous-year period • Balance Sheet: Company remains debt-free, with cash, bank balances and liquid investments of ₹846 Cr • Future Growth Plans: Focused on expanding product registrations, strengthening existing markets, entering new geographies and improving profitability through product mix optimisation
SHARDA CROPCHEM LTD.