Q3 Results: Tata Group’s agri-solutions company Rallis India Ltd released its third quarter (Q3 FY26) results on Tuesday, January 20. The company’s net profit fell by 81.8 percent on an annual basis to just Rs 2 crore. It was Rs 11 crore in the same quarter last year.
Good growth in revenue and EBITDA
Rallis India’s profits may have been under pressure, but the company performed strongly on the revenue front. Revenue grew 19.3 percent to Rs 623 crore in Q3. It was Rs 522 crore in the same period last year.
EBITDA also increased by 31.8 percent to Rs 58 crore, compared to Rs 44 crore a year ago. With this, EBITDA margin increased from 8.4 percent to 9.3 percent.
Due to this, profits fell
Rallis India’s profit before exceptional items (PBT) rose to Rs 36 crore in Q3 FY26 from Rs 19 crore a year ago.
However, due to the implementation of the Wage Code in this quarter, additional gratuity provision had to be made. These were recorded as exceptional items. Due to this reason, there was huge pressure on net profit.
How was the performance in 9 months?
Rallis India’s total revenue for the nine months ending December 31, 2025 increased by 9 percent to Rs 2,441 crore. EBITDA grew by 18 per cent to Rs 362 crore, supported by better gross contribution and operational efficiency.
PBT after one-time expenses in the nine-month period stood at Rs 267 crore, compared to Rs 227 crore in the same period last year. At the same time, PAT increased by 26 percent to Rs 199 crore.
Support from all business segments in Q3
The company’s business received strong volume traction from all segments in Q3 FY26. The crop care business witnessed good growth on the back of better field activity, strong customer engagement and demand for key products.
The seeds business also performed strongly on the back of better volumes and favorable seasonal demand. The B2B business also recorded strong volume growth due to good traction from key accounts and continued customer engagement.
Emphasis on new products and innovation
During the quarter Rallis India launched new herbicide Fateh Nxt™. Furthermore, a three-way herbicide combination for wheat got a patent in India. At the same time, Mesotrione process patent was approved in America. This reflects the company’s strong focus on innovation and intellectual property.
What did the management of Rallis India say?
Dr. Gyanendra Shukla, Managing Director and CEO of Rallis India, said that volume-based growth was seen in all business segments in Q3. He said that the company got support from focused execution, strong customer engagement and strict cost management.
According to him, demand may have been moderate due to seasonal fluctuations, but the company has continuously strengthened its product portfolio, digital engagement and innovation pipeline. Going forward, the company’s focus will be on improving the quality of sales, increasing volumes and strengthening preparations for the coming season.
Status of Rallis India shares
Shares of Rallis India closed at Rs 229.75, down 4.39 per cent, on the BSE on January 20. The stock has fallen 36.41% in the last 6 months. The stock is down 14.61% in 1 year. The market cap of Rallis India is Rs 4.48 thousand crore.
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