{"id":173219,"date":"2026-01-21T06:51:49","date_gmt":"2026-01-21T11:51:49","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=173219"},"modified":"2026-01-21T06:51:49","modified_gmt":"2026-01-21T11:51:49","slug":"rallis-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/rallis-q3-fy26-earnings-results\/","title":{"rendered":"Rallis Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>Rallis India, a Tata Group company Group company, has a history of over 150 years. The company is into manufacturing of Agrochemicals and is present across the value chain of agriculture inputs &#8211; from seeds to organic plant growth nutrients. Rallis is also in the business of contract manufacturing for global corporations.\u00a0<\/p>\n\n\n\n<div style=\"height:33px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Q3 FY26 Earnings Results<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b9623 crore, up 19% YoY from \u20b9522 crore.<\/li>\n\n\n\n<li>EBITDA: \u20b958 crore, up 32% YoY from \u20b944 crore; EBITDA margin 9.3% vs 8.4% in Q3 FY25 (about 90 bps expansion).<\/li>\n\n\n\n<li>Profit Before Tax (PBT) before exceptional items: \u20b936 crore, up ~90% YoY from \u20b919 crore in Q3 FY25.<\/li>\n\n\n\n<li>Exceptional item (New Wage Code): Additional gratuity provision taken in Q3, pulling down reported profitability.<\/li>\n\n\n\n<li>Profit After Tax (reported): \u20b92 crore, down ~82% YoY from \u20b911 crore; PAT margin ~0.3% vs 2.1% in Q3 FY25, entirely due to the one\u2011time gratuity provision.<\/li>\n\n\n\n<li>9M FY26 performance:\n<ul class=\"wp-block-list\">\n<li>Revenue: \u20b92,441 crore, up 9% YoY.<\/li>\n\n\n\n<li>EBITDA: \u20b9362 crore, up 18% YoY; margin improvement supported by better gross contribution and operating efficiencies.<\/li>\n\n\n\n<li>PBT (after exceptional items): \u20b9267 crore vs \u20b9227 crore in 9M FY25.<\/li>\n\n\n\n<li>PAT: \u20b9199 crore, up 26% YoY.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<div style=\"height:32px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Management Commentary &amp; Strategic Decisions \u2013 Q3 FY26<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Management highlighted that Q3 delivered <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/67ceff62-81d7-4771-b0ed-05ae78212379.pdf\" target=\"_blank\" rel=\"noopener\">volume\u2011led growth<\/a> across businesses, with crop care, seeds and B2B all posting strong volume traction, aided by focused execution, improved field activity, and stronger customer engagement.<\/li>\n\n\n\n<li>Despite moderate and seasonally fluctuating demand, revenue grew 19% and EBITDA 31%, reflecting operating leverage and disciplined cost management; the steep PAT decline was explicitly linked to the one\u2011time gratuity provision under the New Wage Code.<\/li>\n\n\n\n<li>Strategic themes and actions:\n<ul class=\"wp-block-list\">\n<li>Continued strengthening of the product portfolio (including new launches like Fateh Nxt and herbicide combinations) and digital engagement with farmers and channel partners.<\/li>\n\n\n\n<li>Focus on improving quality of sales and driving further volume expansion in upcoming seasons through product launches and market\u2011activation initiatives.<\/li>\n\n\n\n<li>Sustained emphasis on operational efficiency and gross\u2011margin improvement to support medium\u2011term profitability, while treating the New Wage Code impact as a one\u2011off adjustment.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Rallis-Q3-FY26-Earnings-Results-839x1024.png\" alt=\"\" class=\"wp-image-173220\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Rallis-Q3-FY26-Earnings-Results-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Rallis-Q3-FY26-Earnings-Results-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Rallis-Q3-FY26-Earnings-Results-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Rallis-Q3-FY26-Earnings-Results-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Rallis-Q3-FY26-Earnings-Results.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Q2 FY26 Earnings Results<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b9861 crore, down 7.2% YoY from \u20b9928 crore in Q2 FY25, impacted by erratic monsoon and subdued rural demand.\u200b<\/li>\n\n\n\n<li>EBITDA: \u20b9154 crore, down 6% YoY from \u20b9166 crore; EBITDA margin 10.5%, up 210 bps YoY from 8.4% on better mix and efficiency.\u200b<\/li>\n\n\n\n<li>Profit Before Tax (PBT): \u20b9137 crore, down 6% YoY from \u20b9143 crore.\u200b<\/li>\n\n\n\n<li>Profit After Tax (PAT): \u20b9102 crore, up 4% YoY from \u20b998 crore; PAT margin 5.5% vs 3.3% in Q2 FY25.<\/li>\n\n\n\n<li>Segment colour:\n<ul class=\"wp-block-list\">\n<li>Domestic Crop Care: Flat YoY amid weak monsoon and rural stress.\u200b<\/li>\n\n\n\n<li>Exports: Volumes improved in key geographies, driving ~9% QoQ recovery.\u200b<\/li>\n\n\n\n<li>Seed Business: Stable contribution supported by Kharif hybrid sales.\u200b<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<div style=\"height:31px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Management Commentary &amp; Strategic Directions \u2013 Q2 FY26<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Management underscored that, despite top\u2011line pressure from weather and rural demand, margins improved due to a better product mix and continued operational\u2011efficiency initiatives.<\/li>\n\n\n\n<li>Strategic focus in Q2 included:\n<ul class=\"wp-block-list\">\n<li>Protecting profitability through mix upgrade and cost optimisation while navigating erratic rainfall and channel\u2011inventory challenges.<\/li>\n\n\n\n<li>Strengthening exports and B2B relationships to balance domestic volatility.<\/li>\n\n\n\n<li>Leveraging R&amp;D, process chemistry capabilities, and five owned manufacturing facilities (Akola, Lote, Ankleshwar, etc.) to support pipeline execution and future growth.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rallis India, a Tata Group company Group company, has a history of over 150 years. The company is into manufacturing of Agrochemicals and is present across the value chain of agriculture inputs &#8211; from seeds to organic plant growth nutrients. Rallis is also in the business of contract manufacturing for global corporations.\u00a0 Q3 FY26 Earnings [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":173220,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,5753],"tags":[9019],"class_list":["post-173219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-industrials","tag-specialty-chemicals"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Rallis-Q3-FY26-Earnings-Results.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":171571,"url":"https:\/\/alphastreet.com\/india\/rallis-india-q2-fy26-earnings-results\/","url_meta":{"origin":173219,"position":0},"title":"Rallis India Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"October 16, 2025","format":false,"excerpt":"Rallis India, a Tata Group company Group Co., has a history of over 150 years. The company is into manufacturing of Agrochemicals and is present across the value chain of agriculture inputs - from seeds to organic plant growth nutrients. Rallis is also in the business of contract manufacturing for\u2026","rel":"","context":"In &quot;Agricultural Products&quot;","block_context":{"text":"Agricultural Products","link":"https:\/\/alphastreet.com\/india\/category\/agricultural-products\/"},"img":{"alt_text":"Rallis Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Rallis-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Rallis-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Rallis-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Rallis-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Rallis-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Rallis-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":177068,"url":"https:\/\/alphastreet.com\/india\/rallis-india-q3-fy26-results-revenue-grows-but-profit-implodes-amid-exceptional-charges\/","url_meta":{"origin":173219,"position":1},"title":"Rallis India Q3 FY26 Results Revenue Grows but Profit Implodes Amid Exceptional Charges","author":"Staff Correspondent","date":"January 22, 2026","format":false,"excerpt":"Rallis India Limited (NSE:RALLIS), the agro-solutions arm of the Tata Group, on January 20, 2026 released its financial results for the third-quarter of FY26, delivering a mixed performance that saw strong top line momentum offset by a sharp drop in profitability. The company reported revenue from operations of \u20b9623 crores\u2026","rel":"","context":"In &quot;LATEST&quot;","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":171180,"url":"https:\/\/alphastreet.com\/india\/rallis-india-q1-fy26-earnings-results\/","url_meta":{"origin":173219,"position":2},"title":"Rallis India Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"September 12, 2025","format":false,"excerpt":"Rallis India, a Tata Group company Group Co., has a history of over 150 years. The company is into manufacturing of Agrochemicals and is present across the value chain of agriculture inputs - from seeds to organic plant growth nutrients. Rallis is also in the business of contract manufacturing for\u2026","rel":"","context":"In &quot;Agricultural Products&quot;","block_context":{"text":"Agricultural Products","link":"https:\/\/alphastreet.com\/india\/category\/agricultural-products\/"},"img":{"alt_text":"Rallis Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/5-7.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/5-7.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/5-7.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/5-7.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/5-7.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/5-7.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":173653,"url":"https:\/\/alphastreet.com\/india\/syngene-q3-fy26-earnings-results\/","url_meta":{"origin":173219,"position":3},"title":"Syngene Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 22, 2026","format":false,"excerpt":"Syngene (established in 1993) as a Biocon subsidiary is India's first Contract Research Organization (CRO) which expanded later to be an integrated service provider offering end-to-end drug discovery, development, and manufacturing services on a single platform (CRAMS). 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WEL has five solar module manufacturing facilities in India, with international presence. Q3 FY26 Earnings Results Waaree Energies Limited delivered record Q3 FY26 results with exceptional growth\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Waaree-Energies-Q3-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Waaree-Energies-Q3-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Waaree-Energies-Q3-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Waaree-Energies-Q3-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Waaree-Energies-Q3-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Waaree-Energies-Q3-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/173219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=173219"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/173219\/revisions"}],"predecessor-version":[{"id":173221,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/173219\/revisions\/173221"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/173220"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=173219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=173219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=173219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}