Dharmaj Crop Guard Limited has started FY26 on a high note, posting a 44per cent year-on-year (YoY) revenue growth in Q1, driven by strong momentum across all business verticals. During Q1 FY26, the company reported revenue of Rs. 367.4 crore (up 44% YoY), EBITDA of Rs. 50.7 crore (up 88% YoY) and PAT of Rs. 32.6 crore (up 116% YoY)

The company’s performance was fueled by a strong start to the Kharif season, supported by early and healthy monsoon rains across most parts of India.

The Formulations business continued to anchor growth, with Branded and Institutional sales rising 35 per cent and 38 per cent YoY, respectively. The Domestic Active Ingredients segment emerged as a key growth engine, delivering an impressive 62 per cent YoY growth, powered by higher capacity utilization at the Sayakha Technical plant.

Exports, which had slowed in FY25, rebounded strongly in Q1 on the back of improved demand in key global markets. Profitability was further boosted by higher-margin Branded Formulations, operational efficiencies, and improved gross margins in Active Ingredients.

Commenting on the results, Rameshbhai Talavia, Chairman & Managing Director, said: “We have entered FY26 with strong momentum. The Kharif season and favorable market conditions have set the stage for robust growth across Formulations and Active Ingredients. Our Sayakha Technical plant will remain central to our strategy, focusing on new product commercialization, a richer product mix, and higher captive consumption to optimize margins. With the most critical quarter ahead, we are confident of sustaining our growth trajectory.”- 1