Dharmaj Crop Guard Limited has released the transcript of its Q4 and FY2026 earnings conference call, which was held on May 29, 2026. The transcript is available on the company's website. During the call, the management reported that for the full year FY26, Dharmaj recorded revenue of ₹1138 crore, reflecting a 20% year-on-year growth. For Q4 FY26, revenue was ₹234 crore, an 11% year-on-year increase. EBITDA for the full year stood at ₹101 crore, a 34% year-on-year growth, and net profit was ₹55 crore, up 57% year-on-year. The company highlighted strong performance despite volatile market conditions, including uneven monsoons and supply chain disruptions due to the West Asia crisis. The domestic institutional segment grew by 15% for FY26, while the branded formulation vertical saw 3% growth due to erratic monsoon patterns and pest attacks. The active ingredient business grew by 37% year-on-year, achieving PBT level break-even at the technical plant. A new dedicated herbicide facility in Kerala GIDC, Ahmedabad, is expected to be commissioned in Q3 FY27. For FY27, the company anticipates an 18% to 20% top-line growth, focusing on scaling up the technical plant utilization, improving the branded formulation vertical's growth, and maintaining momentum in the domestic institutional and export segments. The CFO noted that the EBITDA margin improved to 9% from 8% in FY25, and return on capital employed increased to 18% from 13%.
