Insecticides India MD said weak monsoon hurt agrochemical demand, cutting expected full-year growth by 7-8% versus earlier estimate, though margins and premium product sales showed improvement

Thu 8 Oct 2026

Growth guidance cut

7-8 percent lower

Heard on business television between 13:46:49 - 13:49:49 IST.

• MD Rajesh Aggarwal said El Nino led to a very tough monsoon across central, western and southern India, hurting agrochemical demand.
• Company's premium product strategy helped register growth in Q2 despite weak demand, and this trend is expected to continue in H2.
• Overall top-line growth guidance cut by 7-8% versus the start-of-year expectation; earlier expected strong double-digit growth now looks difficult.
• Margins expected to improve due to premium product push and focus on B2B segment; MD said profitability strategy will not be downsized.
• On inventory, MD said the company had purchased raw material early in the year at good prices, mitigating cost pressure; branded/premium products performed well despite herbicide return issues from dry weather.

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